Question # 1

An increase in cost will:

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Shift aggregate demand

Shift aggregate supply

Reduce the natural rate of Unemployment

Increase the natural rate of unemployment

Which of the following is an active factor of production?

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Land

Labour

Capital

Organization

Marx borrowed Dialectical Method form:

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Locke

Rousseau

Hegal

Green

IACHR is a court for human rights of the given options Which is the correct full form?

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International American Court for Human Rights

International Asian court for Human rights

International African Court for Human

Inter-Asian Court for Human Rights

In times if slowdown of the economy, the fiscal policy influences aggregate demand through:

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Discretionary element

Non-discretionary element

Lowering of tax rates

All of the above

Which one of the following is not a demerit of party system?

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Parties fight for their own interest

Party system destroys the individuality of man

Parties produce unnatural divisions

Parties harmonise the organs of government

The driving force that encourages people and organizations to improve their material well being is called:

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Private property

Big houses

Vacations

Profit motive

An industry comprised of a very large number of sellers producing a standardized product is known as:

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Monopolistic competition

Oligopoly

Pure monopoly

Pure Competition

When Pakistan join the WTO?

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January 1, 1995

February 1, 1995

January 1, 2001

Pakistan is not a member

Which one of the following is not an element of Democratic Socialism?

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Welfare state

Mixed economy

Social justice

Revolutionary change

A form of government in which minority rules outside the law is:

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Oligarchy

Tyranny

Aristocracy

Democracy

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Terminology Online Test MCQs With Answers

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