Question # 1

Developing economies usually:

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Have large industrialized sectors

Are dependent on primary products

Have high levels of wealth

Earn more form exports than is spent on imports

A system in which private citizens own the factors of production:

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Traditionalism

Communism

Capitalism

Profit

Increase in fixed asset due to purchase is

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Source of fund

Fund from operation

Use of fund

None of the above

Which does not belong in SPORTS?

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Releases

Slap

Touch

Pull

Economics word is derived form language of:

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Greek

French

Latin

Italian

An increase in national income is:

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Likely to increase exports

Likely to decrease savings

Likely to decrease investment

Likely to increase spending on imports

In comparison to revenue deficit; the size of fiscal deficit is always

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Higher

Smaller

Similar

Uncertain

The requirement that people select mates outside certain groups:

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Exogamy

Ethnography

Endogamy

Incest taboo

What is the meaning of term ''oilgopoly''?

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A one-firm Industry.

Many producers of a differentiated.

A few firms producers of a differentiated product.

None of these

An increase in aggregate demand is more likely to lead to demand id more likely to lead to demand pull inflation if:

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Aggregates supply is perfectly elastic

Aggregate supply is perfectly inelastic

Aggregates supply is relatively elastic

Aggregate supply is relatively elastic

PIN stand for:

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Personal Identification Number

Pass Identification Number

Personal Ideological Number

None of the above

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