| 1 |
Zakat is imposed on: |
- A. Muslims
- B. Sahib e Nisab
- C. Affording people
- D. Both b and c
|
| 2 |
If supply increase due to increase in price, it is called |
- A. Extension of supply
- B. Contraction of supply
- C. Rise of supply
- D. Fall of supply
|
| 3 |
If demand changes by 10% due to 10% change in price, then elasticity of demand is called |
- A. Equal to unity
- B. More than unity
- C. Less than unity
- D. Infinite
|
| 4 |
Marginal utility at the point of satiety is |
- A. Zero
- B. Positive
- C. Negative
- D. Initial
|
| 5 |
A system where the goods are exchange with goods is known as: |
- A. Monetary system
- B. Barter System
- C. Coins system
- D. Goods system
|
| 6 |
Under perfect competition average revenue is equal to: |
- A. Average cost
- B. Price
- C. Marginal revenue
- D. Both b and c
|
| 7 |
Which money is not legally backed |
- A. Metallic money
- B. Paper money
- C. Credit money
- D. Near money
|
| 8 |
kinds of money are |
- A. Three
- B. Four
- C. Five
- D. Seven
|
| 9 |
One of the following is not included in the causes of deficit in balance of payments of a country |
- A. Increase in exports
- B. Increase in imports
- C. Unfavourable terms of trade
- D. Occurance of inflation
|
| 10 |
Nature of inter-relationship of average revenue and marginal revenue under perfect competition is |
- A. Average revenue remains more than marginal revenue
- B. Average revenue remains less than marginal revenue
- C. Marginal revenue remains less than average revenue
- D. Average revenue remains equal to marginal revenue
|