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    18 views30 pages

    Asole Muashiyat 11 Best Guess

    Uploaded by

    Domestic Recycling

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    rm Se oth Used 7 B54 AIG 030247411242 au 7 eACToA Jrt tettculy Mpriniok Word of economics has been derived from “Qikonomos" which is word ofthe language: tg wnt PO French B Unani 3 ey Latin D Russian Profounder of economics was: Robbins B Marshall ‘Adam Smith D Keynes Who said that economics is science of wealth? ‘Adam Smith B Robbins Marshall D Pigou in which year the book named “ An enquiry into the nature and causes of the weaith of nations” was . written: eP ginlet iSite’ 1696 B 1776 1696 1803 D 1825 1803 Founder of classical schoo! of thought was: eS ober Adam Smith | B Marshal y. Ba Robbins D Z fe Economics is a science: ef efiee Political B oe Social D Ye Founder of new classi Thought was: eet pb0 ‘Adam Smith Marshall f. pt Robbins Keynes Ry Who did the amed “Principle of Economics! A Pbeeredr! B Marshall y. Fel s D Keynes ; By in which year the book named “Principles of Economics" was written: SA tor J wevrde! 1805 B 1880 1890 B 1805 1903 D 1915 1915 D 1903 Who did say that Economics is science of material welfare: HLF bat iPS gohan Marshall B Keynes il B Sa John siggins and . katkayl D Pigou 4 Sed we Who did separate economics from politcal science forthe first time? Seder unt fe Marshall 8 Malthus ve Composed by: M.Qadir Rafique Cell # 03024741124 ‘Adam Smith D Ricardo oy D Who did write the book named “Nature and importance of economics”? LK olresier bore y ‘Adam Smith B Marshall B eet Robbins D Keynes D Who did name economics as science of satisfying unlimited wants with limited means? Cine he Vion KA Marshall B ‘Adam Smith Robbins D Pigou D Who did write the book named “General theory of employment, interest and money? Robbins B Pigou Keynes D Cannon Who is called founder of modern school of thought? Robbins B Cannon Keynes D Malthus Which economist is called Aristotal of economics? Marshall B Keynes ‘Adam Smith D Malthus Economics according to its scope is: Science B At Science and Art__| D | _ Only posi iF How many kinds of science are? Two B a PP Four D Five 4 Economics laws are: pints Definite and univers Of conditional nature Ladi Of Moral nat Of Political nature Leribe Laws can FeS HSL Scigatitic B Moral laws. othe laws | D Natural ews Fo Method of deriving economics laws are: Two B Three. te PELe Fonte Four D Five D How many kinds of economics are? Two B Three seo Gore Four D How many are kinds of theo 1eoP Seve F Two B lo |> |23 Jo |> | Jo |> | Jo [> [8 Jo |> |a fo [> Four D Composed by: M.Qadir Rafique Cell # 03024741124 prrAcvstcn| How many kinds of positive economics are? set Povordie! Two B Three ¢ B 2 Four D Five D + Which is not studied in micro economics? Lambe Loo br Theory of consumer behavior B Price theory Bl see Theory of distibution of Money system | D wealth / Jeo. Which is not studied in macro economics? National income |B | Money and banking Si Price theory _| D Public fnance bitty Points of Robbins definitio Two points B Four points Economiopoint | D Practical points When was professor Robbins book “Nature and importance of economic written? 1915 B 1932 1934 D 1937 Who said that you can not become good citizen if you have no economist you? Cannon B Pigou Drain D fotbins « WO Tn which year Kenyes wrote his book “Ger , theory of employment, interest and mo Lor FP bt bias Minn Os 1929 B 1931 B 1928 1934 D 1936 D 1934 To which area of England Ad: belonged? We Lub eoiP (3! Wales Scotiand Ireland London Economics is ci ith the attainment of material requisit Robtlos Marshal Senior er of econo TWuferoeu Marshall Malthus Fae Adam Smith Cannon we Which economist introduced economics as a science for the first time? NS ied rote Adam Smith | B Pigou Ea Robbins D Marshall ay Which laws are framed by parliament? te dewtactieus State laws B Moral laws Economical laws | D Scientific aws Which laws are definite and universal? Composed by: M.Qadir Rafique Cell # 03024741124 Economiclaws | B Moral laws: State laws D Scientific laws Who said that economics is positive science? HP See ‘Adam Smith B Marshall Robbins D Keynes In which kind of economics, aggregate behaviours of the economy are reviewed? Theoretical B Applied ett Lote Loved PK B a Micro. D Macro D Wz Who did criticize the definition of Robbins? FLA gp biurn Marshall B J.P, Clatk Beveridge D Pigou D a Which one is not included i in macro economics? ‘nvestment B Price Be eee of Jo |> [a lo |> |e lo |> Is Employment | D National income D ou ‘economics is given by: The most clear and comprehensive definition of PO wb vee Bebo ‘Adam Smith Marshall Lept Robbins Pigou Which laws are conditi State Economig lan thet & Scientific cro economics relates to: International trade | B lo |> Ja |o [> [a Jo |> Ja National income | D Tn macro economics, whi discussed? Consumers behavi International trade lo |> lk Problems, Determination of price commodity consumed is ag eNOS WL gS SSE Negative utility wa B vi called: eu ity ! tity Marginal utility ae D ie When marginal utility is zero, then total utility is: etn Sn vii ce Minimum B Positive Maximum D Zero » D piiens When marginal utility is negative, then total ut oan we Decreases B Increases ete? Does notchange | D Becomes negative peut le Other name of law of aqui marginal utility is: pt aie Law of ciminishing > |B Jo |> |& Jo |> |& Jo |> |B merging utlty | B Law of demand Composed by: M.Qadir Rafique Cell # 03024741124 WW iu Law of constant return | D Law of indifference oezete [D Meg-oit marginal utility is applicable: ‘On which of the following law of diminishing seeng he Luie nd vie wie Money and wealth | B Diamonds and jewels site enh Goods of fashion _| D Necessities of life vibe? Utility is related to: ba Usefulness: B Useless. Senet Necessities D Desire stat ‘Total utility increases when marginal utility is: 1 frog tee di SE Positive B Negative Zero D None of the above Marginal utility curve moves 76s e Blo |> |e From left to right downward B From left to ight upward Wetec Parallel to ox axis | D Parallel to oy axis Ongar Las consumption: Economist who presented the first law of ES LI babes S¢ Marshall B ‘Adam Smith B Pa Robbins D Pigou D Hu ‘The name of first aw of consi sumption is: (ihit Los Lawofdemand | B Law of diminishi Rui vit |B toe Law of equi marginal utility D sugit DD] Feige o > Iglol>|a jo l> Utility attained by the cons ‘commodity is called: Positive utility | B. ag obi dn Moe WE SSE ie B jet Initial tity wp D lo |> |& Relationship betwee ete fPidndee nh bidted Demand curve he ei ls ‘Assumptions of aw of demand tule Giffin goods due to fall in price: Increases > |g Jo Decreases or increases D Does not change Jeste edemaaf increase in its price, is called: Decreases in demand for a commodity due to eS EM Ne 2rbolbee Extension of demand_| B Contraction of demand Fob B whe Rise of demand _| D Fall of demand fy D bette Tncrease in demand for a commodity due to decrease in its priceis called: eS IL bi ie LILES Extension of demand_| B Contraction of demand Fee [el ee Rise ofdemand | D Fall of demand se |p rb Composed by: M.Qadir Rafique Cell # 03024741124 When demand increases due to other factors instead of price, is called WY be nS IV eR pmbhotae + Rise of demand _| B Fall of demand wee [ele Contraction of demand | D | _ Extension of demand a D Fee When demand changes due to other factors instead of price, is called: Wife Inde Deeb Ve pmibole Extension of demand | B | Contraction of demand Feb Extension and contraction of demand | D | Rise and fall of demand Exceptions, or limitations of law of demand have been stated by: Marshall B Adam Smith Benham D Robbins Unity method to measure elasticity of demand was presented by: ‘Adam Smith B Robbins Marshall D Keynes D When the price of a commodity decreases but its demand does not change this situation is called: Ebb bi pnfedie ~cttt Constant demand _| B Fall of demand (wy oa Rise of demand __|D| None of the abo Seto |p perk Tftotal expenditures of the to decrease in price, then nature of elastici demand will be: SAS HI b artes Sh siegd nf odSE Sneed Equal unity and be More than unity vpede Demand for luxuries is: Seb SiSSciatn? Less elastic More elastic aif Perfecty ei Perfectly inelastic 1h F rightward, itis called: ethan Pp Liebe Fall in demand eee Contraction of demand Fae ee hich the consumers are ticular pice, is cal Quantity of a commodi ready to purchase at a B D Une LL hele Aan e er |@ Jo |> [8 Jo |> | Change in income |B | __ Change in fashion Change inprice || Change inweather ‘Supply of goods depends upon oe Price B Income Price and income _| D Utity ghetied ‘Supply curve moves from let to right upward, this tendency is called: 4 Negative B Positive B D Horizontal D|__None of the abo Tfsuppiy increases due to increase in price, iti called: Extension of supply |B | Contract « B hte, Rise in supply | D supply J D aber peemeiop ail LISef, Rot ‘Adam Smith bins ~ B Leet Marshall Farguson Lyt} D iva percentage ci ipply is more than the Pho tnkpuday teehee percentage ce, then elasticity of supply is called: 5 bi B| Less than unity i unity | D Zero Supply eurve shifts due to better technique of production: Right side B Leftside Does notchange | D Vertical os Ona? ‘When supply curve shifts rightward or down itis > called: DP) Losier Rise of supply. Fail of supply wehbe Extension of supply Contraction of supply ofr, Cause of shifting of supply curve is: edn PSs Change in price Other factors de ted lo |> |e Jo |> | Jo [> | Jo |> 18 Io |> |s Jo |> |B Jo |> He ihba Lt ttsesls > ° Composed by: M.Qadir Rafique Cell # 03024741124 Changeintaxes | D | None ofthe above D Degree of change in quantity supplied due to change in price is called: WP shia dn ty Lod te Extension of supply Rise of supply when Elasticity of supp) None of the above D fe, Who presented the unity method to measure the elasticity of supply: ‘Adam Smith Marshall aubid LIeSepSie. ro Robbins Keynes D TFsupply of a commodity changes by less than 10% due to a 10% change in its price, then elasticity of supply will be: Equaltounity |B | More than unity Lessthan unity | D | None of the above Cause of movement along the supply curve is: Change in price | B Other factors Chengesintaxes | D| None ofthe above D Elasticity of supply of perishable good: we bnepSiiS wigs Equal to unity Less than unity B ebb More than unity Zero D vende Which one of the foll assumptions of law of Wh PO Solr Lawittot Taste of consumer eihane Method of production Tiag ae? ‘The cause of extension and coy dit sinh hoes Income Population wt Price is determine fect competition: eng hoker Lie By sellers By buyers. Pp Sobers By forces of demand and By Govel supply est beF Pri able goods is determined: PeotS ogee In thgratket period Inthe short period ete Sarat inthe middle period In the long period eenterle If suppiy is fixed, then due to rise of demand: ee rL Winters Equiibrum price Equilibrium price decreases increases B edenfoluar Equilibrium price does Equilibrium price not change decreases D A bred ya re SL vincbeshi Equiibrum price Equilorom price decreases increases Equilibrium price does Equilibrium quantity not change increases Composed by: M.Qadir Rafique Cell # 03024741124 Who does determine the reserve price? th Pa ob Buyer B Seller ad Government D District administration ‘At Equilibrium price, dema nd and supply: saialoeh gok yar Increase B Equal Decrease D Different When demand and supply Equilibrium pri rise equally then BPI Saat relat More Zz Remainssame | D Zero gdiass Increase in supply due to increase in price is called: gi tad Rise in supply _| B Fallin supp thar Extension of supply _| D Contraction of supply he becomes equal: Price at which quantity of demand and supply Equitbrium price | B Reserved price er Psd WAP ok Sr Fixed price D Variable price Second Factor of production is: —eJighops Land B Labour Capital D Organization wy Tractor, harvester, thrasher Factor of production: ret are the exam) Land Ping hu 22 Had Fe Capital One of the following is Rain Forests Mangia Dam “Capital is that pe presented, ‘of a person which is, used to get incotne® thisltefinition of capit ESM eae 2g out PS aby ebay Adam B Marshall Lepi We D Robbins D Lh River, 8ea, forests, rain are LW Pitcher Land B Labour Capital D Organization B D Le Mental or physical work uni human being is called \dertaken for reward by OWL sre ILE PI aLa nS + Land B Labour Capital D Organization Can not be separated from bourer: pt he side Land B Labour Capital D Organization Composed by: M.Qadir Rafique Cell # 03024741124 In economics, every ment: fal or physical struggle undertaken for reward is called: WE se Lud rari tore Land B Labour - B fi Capital D Organization o D aye Immoral factor of producti jon is: Land B Labour eg bedi 2 Capital D Organization 2 = diy The factor of production which is used to produce more wealth or increases income is called: mer LUE £2 Sigerbutare bn Land B Labour Capital D Organization When average product inr reases, marginal product: Decreases B Is zero Is negative D Also increases P When average product product is: jecreases, marginal Lisage Dg tigSoe Positive B Negative eux Positive ornegative_| D Is zer0 edn tet ‘The second name of law of 9f constant return is: Law of decreasing cost | B Law of increasing cost -

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