| 1 |
Who said that economics is the science of wealth ? |
- A. Adam Smith
- B. Robbins
- C. Marshall
- D. Pigou
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| 2 |
Under constant return, the slope of marginal product curve is |
- A. Positive
- B. Negative
- C. Infinite
- D. Zero
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| 3 |
The tax which is levied on the sale of goods is called |
- A. Income tax
- B. Property tax
- C. Gift tax
- D. Sales tax
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| 4 |
Supply is Fixed of: |
- A. Perishable goods
- B. Free goods
- C. Durable goods
- D. Substitute goods
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| 5 |
Basic characteristics of good money are |
- A. General acceptability, durability
- B. Homogeneity,divisibility
- C. Transferability, recognizability, convertibility
- D. All
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| 6 |
Immortal factor production is |
- A. Land
- B. Labour
- C. Capital
- D. Organization
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| 7 |
Payment of zakat is compulsory for ----------- living in Islamic Country |
- A. Every person
- B. Every Muslim
- C. Only Poor Muslim
- D. Only Sahib-e-Nisab Muslim
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| 8 |
One of the following is not included in the characteristics of labour |
- A. Labour and labourer cannot be separated
- B. Labour can be stored
- C. Labour has limited mobility
- D. Supply of labour is inelastic
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| 9 |
MRP curve of a factor represents: |
- A. Demand of factors
- B. Supply of factors
- C. Price of factors
- D. Both a and c
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| 10 |
Inflation will be useful for |
- A. Labourers
- B. Consumers
- C. Penioners
- D. Industrialist
|