Question # 1

The Samuelson Holt formula provides a measure of?

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Consumer's equilibrium

Consumer's surplus

Elasticity of demand

Marginal utility

In the short term a firm will firms produce provided the revenue:

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Covers fixed costs

Covers variable costs

Covers total costs

Covers revenue

Who issue 10-rupee note?

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National Bank of Pakistan

State Bank of Pakistan

Govt of Pakistan

Governor of Pakistan

A political theory said that when a particular group is entitled to give legitimate orders over some area is know as:

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De Jure rule

De Facto rule

Executive rule

All of above

TWA stand for:

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Trans world Authority

Trans word Airport

Trans world airlines

None of the above

If the cross price elasticity of demand between two goods X and Y is positive it means that goods are:

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Independent

Complements

Substitutes

Inferior

When was the world Federation of Trade Union founded?

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1949

1945

1946

1942

NTC is the abbreviation of which organization;

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National Tobacco company

National Tea company

National Tea corporation

National Textile corporation

The process of budget making after re-evaluating every item expenditure in every financial year is known as:

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Performance Budgeting:

Deficit Budgeting

Zero Based Budgeting

Fresh Budgeting

Who theory advocates only night watchman role of the state?

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Welfare state theory

Liberal Theory

Socialist Theory

Idealist Theory

What does the FBI stand for?

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Federal Bureau of Investigation

Frank and Ben Inc

French Banking industry

Father Brother ideas

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