Question # 1

'SAPFA' stands for:

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South Asian Preferential Trading Arrangement

South Asian Promotion of Trade Agreement

SAARC Promotion of Trade Authority

None of all

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

The situation with increasing unemployment and inflation is termed as:

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Hyperinflation

Reflection

Stagflation

Galloping

Which is the main reason of demand pull inflation?

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Increase in money supply

Increase in commercial expenditure

Increase in foreign demand for goods

All of the above

'From each according to his ability, to each according to his need' is the theoretical slogan of which system?

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Communist system

Capitalist system

Fascist system

None of these

What is a 15-sided polygon?

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Enneagon

Nonagon

Pentadecagon

Dodecagon

Which of the following is an active factor of production?

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Land

Labour

Capital

Organization

When the stock market is rising is called

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Bearish

Bullish

Anti Dumping

Dumping

Reducing inflation is a more important objective than economic growth is an example of:

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Normative economics

Positive economics

Objective economics

Reality economics

In pure capitalism the role of government is best described as:

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Significant

Extensive

Nonexistent

Limited

The concept of premium applies to a person that is:

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Risk loving

Risk averse

Risk neutral

None of them

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