Question # 1

What does the term 'Hanseatic League' refer to?

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Confederation of towns in the Low countries for Mutual defence

Europe's first international Trades Union

Confederation of Baltic States

A confederation of German (and other ) towns for mutual defence in commerce

What theory explains why deflation may actually leads to an increase in GDP?

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Solow Effect

rational Expectations

Pigou effect

Adaptive Expectations

The passion for equality made vain the hope for liberty"Who has made this statement?

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J,S,Mill

V,I, Lenin

Jeremy Bentham

Lord Acton

Who coined the term of Ageism?

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H.C. Armstrong

Pearl S. Buck

James Frazer

Robert N Butler

where is the headquarters of Islamic Development Bank?

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Saudi Arabia

Sweden

Switzerland

None of the above

What is the full form of the NESPAK?

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New Engineering Services of Pakistan

Newly Engineering Services of Pakistan

National Engineering Services of Pakistan

National Engineering Services of Punjab

Price are likely to be least flexible:

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In oligopoly

In monopolistic competition

where product demand ins inelastic

In pure competition

Which of the following is an indirect tax?

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Coroporation tax

Excise Duty

Wealth tax

Capital Gains tax

Which one of he following committee has admitted the existence of a nexus between the politicians bureaucrats and criminals?

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Vohra committee

Santhanam committee

Narshimhan committee

Kripalani committee

According to Lucian Pye, the element of political development are:

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Participation integration and industrialization

Political unification,Participation and national welfare

Political unification economic development and national welfare

Equality, capacity and differentiation

Who has given scarcity definition of economics?

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Adam Smith

Marshall

Robbins

Robertson

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