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Economics Ics Part 1 English Medium Chapter 9 Online Test
| Sr. # | Questions | Answers Choice |
|---|---|---|
| 1 | Qd = 50 - 5P people will demand 50 when price of the product is: | Very high Very low Zero Unity |
| 2 | Qd = 12 - 2P Qs= -4 + 6P in this market model, P and Q are respectively. |
2 & 8 4 & 8 4 & 10 None of the three |
| 3 | Which one of the following is a functional equation of demand: | Q - 20 + 2P = 0 Q - 3 - 3P = 0 Q + -2P = 0 None of the three |
| 4 | q = 4 + 2P it is a functional equation of. | Demand Supply Equilibrium of demand as supply None of the three |
| 5 | How many functions of capital | 6 5 4 7 |
| 6 | How many various forms of capital | 7 8 9 10 |
| 7 | Consists of all kinds of wealth, other than free gifts of nature, which yield income are called | Capital Productivity of capital Both a and b None of these |
| 8 | The part of wealth, other than natural resources, which can be used for further production of wealth are called | Capital Revenue Fundamentals of economics None of these |
| 9 | Net investment equals Gross investment MINUS | fixed capital capital depreciation capital appreciation capital formation |
| 10 | Productivity of capital depends upon | quality of labour quality of raw materials quality of management all of the above |
| 11 | These are kinds of capital EXCEPT | fixed capital expensive capital working capital real capital |
| 12 | It is function of capital | provision of machinery payment of wages establish good relation with employees a and b of above |
| 13 | The difference between iron ore deposits and the steel produced illustrates the difference between | labour and natural resources labour and capital natural resources and capital natural resources and entrepreneurship |
| 14 | Which of the following is capital | tractor TV station tarbela dam all of the three |
| 15 | Capital formation lakes place when | people save a part of their incomes saved amount is invested investors expect good return all of the three |
| 16 | Which is NOT a cause of slow capital formation in Pakistan | poverty illiteracy bad governance low rate of taxes |
| 17 | An example of money capital is | cash money in a savings account prize bond golden ring |
| 18 | Which of the following is a producer good | pen cycle mobile phone hammer |
| 19 | Which of the following is NOT capital as economists use the term | an office building machinery in a factory an industrial robot money |
| 20 | The government constructed a new water reservoir for the purpose of irrigation; this might be taken as | increase in supply of capital increase in supply of land increase in supply of land and supply of capital increase in natural resources |
