| 1 |
Inflation is useful for |
- A. Labourer
- B. Consumers
- C. Industrialist
- D. Pensioners
|
| 2 |
When total utility is increasing marginal utility is |
- A. Zero
- B. Positive
- C. Negative
- D. Maximum
|
| 3 |
What type of nature of Zakat is |
- A. Fixed
- B. Non fixed
- C. Elastic
- D. Changes along with the change in income
|
| 4 |
Which law provides the base of law of demand |
- A. Law of supply
- B. Law of diminishing marginal utility
- C. Law of equi marginal utility
- D. Law of decreasing return
|
| 5 |
Comparative Cost theory of international trade was presented in: |
- A. 1890
- B. 1800
- C. 1817
- D. 1871
|
| 6 |
Degree of change in quantity supplied due to change in price is called |
- A. Extension of supply
- B. Rise of supply
- C. Elasticity of supply
- D. None of three
|
| 7 |
If demand decreases by 10% due to 10% increase in Price, then elasticity of demand is |
- A. Equal to unity
- B. More than unity
- C. Less than unity
- D. Zero
|
| 8 |
According to the law of supply, there is relation in price and supply |
- A. Inverse
- B. Increasing
- C. Negative
- D. indirect
|
| 9 |
Micro economics studies related to: |
- A. National income
- B. Unemployment
- C. Trade cycle
- D. Consumers behaviour
|
| 10 |
If supply rises more proportionately than that of demand, then |
- A. Equilibrium price increases
- B. Equilibrium price decreases
- C. Equilibrium price does not change
- D. Equilibrium quantity decreases
|