Question # 1

Who issue 10-rupee note?

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National Bank of Pakistan

State Bank of Pakistan

Govt of Pakistan

Governor of Pakistan

Court granted permission to not pay some or all of its debts which force it out of business?

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Bond

Bankruptcy

Principal

Interest

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

Who among the following thinker made the statement that, Covenant without sword are but words and of no strength to secure men at all?

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Pufendorf

Hobbes

Locke

Rousseau

According to the law of demand,when:

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Price increases demand decreases

Price decreases demand decreases

Price increases demand increases

Price decreases demand does not change

The govt can control inflation by

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Increasing demand for goods

Increasing supply of goods

Increasing money supply

Decreasing taxes

According to the law of diminishing utility:

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Utility is a maximum whit the first unit

Increase units of consumption increase the marginal utility

Marginal product will fall as more units are consumed

Total utility will rise at a falling rate as more units are consumed

The unproductive expenditure of the rich is Necessary to the employment of the poor:

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An impediment to the growth of an economy

Having no bearing on the economy of the rich

Having no bearing on the economy

having bearing only on the economy of the rich

What was meant by the term 'Bluestockings'?

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A term used to describe 18th century guilt stocks

Senior Knight of he Garter

An unflattering term of describe an educated woman

A term used to describe an expensive

A fall in interest rates is likely to:

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Increase aggregate demand

Increase savings

Decrease consumption

Decrease exports

The tendency to assume that one;s culture and way of life represent the norm or are superior to all others:

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Incest taboo

Endogamy

Ethnocentrism

Dependency

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