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Question 1
PARTIAL-CREDIT
Price
Income
Price and Income
Utility
Hint:
Price
Question 2
WRONG
WRONG
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Y
X
M
U
Question 4
WRONG
Wealth
Jeweler
Fashionable items
Necessities
Question 5
WRONG
National Income?
National income at market prices
National income at factor earnings
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Question 7
WRONG
Direct
Indirect
Inverse
None of them
Question 8
WRONG
NNP
NNI
DPI
GNP
Question 9
WRONG
Depreciation allowances
Net income received from abroad
Indirect tax
Transfer payments
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Question 10
WRONG
Bumper product
Double coincidence of goods
Difference in language
Difference in professions
Question 11
WRONG
The laborer
The consumer
Industrialist
Pensioner
Question 12
WRONG
Hayek
Hawtray
Schumpeter
Pigou
Question 13
WRONG
Federal tax is
Excise duty
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Property tax
Local tax
None of them
Question 14
WRONG
Marshall
Robbins
Keynes
Adam Smith
Question 15
WRONG
1970
1890
1709
1809
Question 16
WRONG
Supply
Demand
Stock
Utility
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Question 17
WRONG
WRONG
Contraction of demand
Extension of demand
Rise and fall in demand
Extension and contraction of demand
Question 19
WRONG
Increases
Decreases
Is at maximum
None of these
Question 20
WRONG
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Vertical
Horizontal
Positively sloped
U - shaped
Question 21
WRONG
WRONG
Normal profit
Abnormal profit
Normal loss
Abnormal loss
Question 23
WRONG
Fixed
Variable
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Unlimited
Marginal
Question 24
WRONG
5
4
3
2
Question 25
WRONG
Paper money
Token money
Credit money
Standard money
Question 26
WRONG
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Question 27
WRONG
Goods only
Services only
Goods and services
None of these
Question 28
WRONG
Direct tax
Progressive tax
Regressive tax
Proportional tax
Question 29
WRONG
Zakat means
Growth
Purification
Tax
Both a and b
Question 30
WRONG
Adam Smith
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Keynes
Marshall
Robbins
Question 31
WRONG
Equal to unity
More than unity
Less than unity
Zero
Question 32
WRONG
Zero
Infinite
Equal to unity
More than unity
Question 33
WRONG
Marshall
Adam Smith
Robbins
Keynes
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Question 34
WRONG
Rain
Mountain
Forests
Mangla Dam
Question 35
WRONG
Positive
Negative
Zero
Decreasing
Question 36
WRONG
Total costs
Fixed costs
Variable costs
Marginal costs
Question 37
WRONG
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Normal profit
Abnormal profit
Minimum loss
Abnormal loss
Question 38
WRONG
Ricardo
Marshall and J.B. Clark
Keynes
Malthus
Question 39
WRONG
Personal income
Disposable personal income
Net income
Per capital income
Question 40
WRONG
Token money
Standard money
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Paper money
Credited money
Question 41
WRONG
Recession
Depression
Boom
Recovery
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