Question # 1

Where is the headquarters of World Trade Organization?

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New Delhi

New York

Geneva

None of the above

The concept of disinvestment was introduced by:

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Friedman

Kaldor

Keynes

Myrdal

Which of the following best expresses the law of demand:

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A high price reduces demand

A lower price reduces demand

A higher prices reduces quantity demanded

A lower prices shifts the demand curve to the right

What is a micron filter?

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A component which finely filters contaminants form a system

A pump which automatically cleans loose rubber form aircraft tires after landing

A filter which protect passengers form radar emissions

A device used to cancel static and feedback in a pilot's microphone

A Parliamentary Government cannot function without:

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Write Constitution

Rigid constitution

Political Parties

Independent Judiciary

What is inflation?

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Reduces the cost of living

Reduces the standard of living

Reduces the price of Products

Reduces the purchasing power of a pound

Liberty is increased when sovereignty is put into the right hands' Who has made this statements?

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Friedman

Hayek

I, Berlin

L, strauss

If you doctor ordered and EKG or ECG, What part of Your body Would be tested:

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Eyes

Bladder

Brain

Heart

Which of the following is an indirect tax?

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Coroporation tax

Excise Duty

Wealth tax

Capital Gains tax

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

To reduce the supply of money the government could:

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Reduce interest rates

Buy back government bonds

Sell government bonds

Encourage banks to lend

A State without a Constitution would not be a state but a regime of anarchy, This is state by:

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Aristotle

Bryce

Jellineck

Dicey

Where could you most likely have seen the letters TWA?

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Army base

Church

Airport

Gift store

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