Question # 1

One of the following is not the method to control deflation

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Decrease in public expenditures

Decrease in interest rate

Decrease in income tax

increase in exports

Who did separate economics from political science for the first time

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Marshall

Malthus

Adam smith

Ricardo

Zakat can not be given

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to get slaves free

To the collection of zakat

For the construction of Mosque

The converts

Transfer payment means that income

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Which can move from one place to order place i.g. money etc.

Which is received without labour, e.g. Zakat, gift , pension etc

Which is received after hardwork

Which is received by exports

Disadvantages of paper money are

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Unstable value

Possibility of inflation

Possibility of wastage

All the three

Monopolist firm in the long run

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Always faces loss

Usually faces loss

Usually earns normal profit

Always earns abnormal profit

When the price of a commodity increases but its demand does not change, this situation is called

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Constant demand

Fall of demand

Rise of demand

Contraction of demand

Study of large aggregated of economic system is called

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Micro economics

Macro economics

Applied economics

All the three

The rate of usher on product of canal land is

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5%

10%

20%

2.5%

River, sea, forests, rain are called

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Land

Labour

Capital

Organization

Which one of the following is not included in the methods of measuring national income

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Method of total according to market prices

Method of total of incomes

Method of total of domestic necessities and desires

Method of total expenditures

Elasticity of supply if perishable goods is

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Equal to unity

More than unity

Less than unity

Zero

Because of indirect taxes, prices

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Decrease

Remain constant

Increase

Do not change

Exceptions, or limitations of law of demand have been stated by

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Professor Marshall

Professor Adam Smith

Professor Benham

Professor Robbins

Equilibrium level of national income means that point where:

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Consumption = Saving

Consumption = Investment

Saving = Investment

Income = Saving + Investment

Who wrote the book named "An enquiry into the nature and causes of the wealth of nations ?

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Adam Smith

Marshall

Robbins

Canon

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