Question # 1

The word 'Polis' relates to:

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Police

Civil Administration

City State

Public opinion

Fiscal deficit in the budget means:

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Revenue deficit plus the net borrowings of the government

Budgetary deficit plus the net borrowings of the government

Capital deficit plus revenue deficit

Primary deficit minus capital deficit

In a cartel member firm may be given be given a fixed amount to produce. This is called a:

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Limit

Factor

Quota

Quotient

What is a rug?

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A lawn

a sleeping bag

a toupee

a lap robe

Friedman's theory of consumption focuses on:

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Past income

Current income

Disposable income

Permanent income

Who among the following was a great supporter of he Divine Theory of origin of the State?

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Bentham

J,S, Mill

Hobbes

James I

Which of these is an example of hindsight?

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Reading about the outbreak of WWII and then saying Europe should have stood up to Hitler at the Munich Conference

Thinking you have an important history exam but as there is no future in history you don't bother revising

Planning your day extremely carefully thinking about the potential outcome of each and every event

None of these

What did the term 'Ironclad' refer to?

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The first Kinghts to wear to wear amour

The first armoured vehicles

A guaranteed prposition or word of honour

A class of warships

"Economics is what economics do" it has been supported by:

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Richard Jones

Comte

Gunnar Myrdal

All of the above

In the factors for production market what do the house holds sell to the firms?

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Income

Labour

Goods and services

Rent

The reason for cost push inflation is:

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Increase in money wages

Increase in rate of profit

Both of above

None of the above

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