Question # 1

q = 4 + 2P it is a functional equation of.

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Demand

Supply

Equilibrium of demand as supply

None of the three

Which of the following is capital

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toy of a child

plough of the farmer

calculator of the student

novel book in the library

Net investment equals Gross investment MINUS

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fixed capital

capital depreciation

capital appreciation

capital formation

It is function of capital

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provision of machinery

payment of wages

establish good relation with employees

a and b of above

The government constructed a new water reservoir for the purpose of irrigation; this might be taken as

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increase in supply of capital

increase in supply of land

increase in supply of land and supply of capital

increase in natural resources

Which is true

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capital depreciates

capital is primary factor of production

capital in not hireable

human capital is real capital

The part of wealth, other than natural resources, which can be used for further production of wealth are called

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Capital

Revenue

Fundamentals of economics

None of these

How many various forms of capital

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7

8

9

10

An example of money capital is

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cash

money in a savings account

prize bond

golden ring

A factory is an example of

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capital

natural resources

entrepreneurship

none of the above

Q_d = 12 - 2P

Q_s= -4 + 6P in this market model, P and Q are respectively.

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2 & 8

4 & 8

4 & 10

None of the three

Which of the following is capital

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tractor

TV station

tarbela dam

all of the three

To the economist, investment refers to

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sale of real estate

creation of new capital

purchase of a prize bond

decrease in inventories

These are kinds of capital EXCEPT

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fixed capital

expensive capital

working capital

real capital

Consists of all kinds of wealth, other than free gifts of nature, which yield income are called

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Capital

Productivity of capital

Both a and b

None of these

Which one of the following is a functional equation of demand:

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Q - 20 + 2P = 0

Q - 3 - 3P = 0

Q + -2P = 0

None of the three

How many functions of capital

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6

5

4

7

Which of the following is a producer good

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pen

cycle

mobile phone

hammer

Which is NOT a cause of slow capital formation in Pakistan

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poverty

illiteracy

bad governance

low rate of taxes

The difference between iron ore deposits and the steel produced illustrates the difference between

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labour and natural resources

labour and capital

natural resources and capital

natural resources and entrepreneurship

Productivity of capital depends upon

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quality of labour

quality of raw materials

quality of management

all of the above

Capital formation lakes place when

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people save a part of their incomes

saved amount is invested

investors expect good return

all of the three

Qd = 50 - 5P people will demand 50 when price of the product is:

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Very high

Very low

Zero

Unity

Which of the following is NOT capital as economists use the term

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an office building

machinery in a factory

an industrial robot

money

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Economics Ics Part 1 English Medium Chapter 9 Online Test MCQs With Answers

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