Question # 1

If the price elasticity of demand is unit then a fall in price:

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Reduces revenue

Leaves revenue unchanged

Increases revenue

Reduces costs

What is a micron filter?

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A component which finely filters contaminants form a system

A pump which automatically cleans loose rubber form aircraft tires after landing

A filter which protect passengers form radar emissions

A device used to cancel static and feedback in a pilot's microphone

When total revenue is increasing:

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Marginal revenue may be either positive or negative

The demand curve is relatively inelastic

marginal revenue is positive

marginal Revenue is negative

If you were being treated extremely well by someone and they made you fell really special, It is said that you are getting the _____ treatment?

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PIP

^VIP

PPI

XSP

When Pakistan join the WTO?

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January 1, 1995

February 1, 1995

January 1, 2001

Pakistan is not a member

What does sempre mean?

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Until

Quiet

Stop

Always

Which of the following would decrease aggregate demand?

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Increased consumption

Increasing export revenue

Increasing taxation revenue

Increased investment

Which included Capital budget?

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Income received from public borrowings

Income received from tax-sources

Income received from non-tax sources

All of the above

Which of the following is not involved with fiscal policy?

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Income tax

VAT

National insurance

Interest rates

Share premium account can be used for-

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Paying tax liability

Meeting the cost of issue of shares or debentures

Paying Dividend on shares

Meeting the loss on sale of old asset

Marx propounded the theory of class struggle mainly in:

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The Economic and Political Manuscript

The communist Manifesto

Das capital

The Poverty of Philosophy

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Terminology Online Test MCQs With Answers

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