Pakistan Legal Academy

إِنَّ اللَّهَ يُحِبُّ الْمُقْسِطِينَ

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Empowering Legal Minds for a Just Tomorrow

Pakistan Legal Academy, Rawalpindi

إِنَّ اللَّهَ يُحِبُّ الْمُقْسِطِينَ

بے شک اللہ انصاف کرنے والوں کو پسند فرماتا ہے۔

پاکستان لیگل اکیڈمی راولپنڈی

69

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Economics Quiz

1 / 25

General  price  is  that  value  which  has  no possibility  of  being  established  in the  long  run .  This  statement  is  ;-

2 / 25

The  responsiveness   of  demand  to   a  change  in  price  is  measured  by ;-

3 / 25

Cartel  is  an informal   agreement  among  the  firm  to  avoid  competition:-

4 / 25

Who  was  the  author  of  Value  and   capital:-

5 / 25

An increase in aggregate demand if aggregate supply is totally inelastic will:-

6 / 25

A government might use tac to discourage consumption of:-

7 / 25

Who  was  the  author  of  'Das  Capital  '  which  gave  birth  to Communism :-

8 / 25

Income  elasticity  of demand   for  normal goods  is  always ;-

9 / 25

Under  perfect  competition , demand   curve  is   perfectly  elastic :-

10 / 25

When one event occurred before another event, the fallacy in the economics reasoning that the first event caused the second event is called:-

11 / 25

Which laws are implemented with the executive authority:-

12 / 25

Tobin  tax  is  one  of the  applicable  to :-

13 / 25

In the long run in a perfect competition;-

14 / 25

Subsidies are used to encourage ___ of a commodity:-

15 / 25

Direct taxes are not included in:-

16 / 25

Pakistan export as percentage GDP are:-

17 / 25

Treasury bill is used for:-

18 / 25

An increase  in  the  supply  of  a  commodity  is  caused  by  improvement   in technology :-

19 / 25

The resources in the economy do not include:-

20 / 25

Pakistan started its planning experience with:-

21 / 25

Which  goods is   likely  to have  perfectly   inelastic    demand ;-

22 / 25

When we assume that what is true for the part is also true for the  whole, we are committing:-

23 / 25

Forecasting  is  rarely   perfect :-

24 / 25

When  marginal  revenue  is  zero  total  revenue  is ;-

25 / 25

The marginal rate of tax paid is:-