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

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Economics Quiz

1 / 25

When supply  of  money   declines   then price of goods :-

2 / 25

Price  of  a  product  is  determined   in a  free market  by   :-

3 / 25

The  budget  line  is  also  known  as  the :-

4 / 25

On the  maximum level  of  satisfaction  of   good  X,  the marginal  utility  of  good  X  will  be :-

5 / 25

There  is  no  exceptions  to  the  law  of  demand  in the  case  of :-

6 / 25

In Game theory:-

7 / 25

The  notion of  quasi  rent  for  first  defined   by  :-

8 / 25

Under  perfect   competition  , a  firm  will  be  in  equilibrium  when its  AC  is ;-

9 / 25

In the short term a firm will produce  provided the revenue:-

10 / 25

A   higher  indifference  curve  shows a  higher  level  of  satisfaction:-

11 / 25

Who  was  closely  associated  with industrial   relations  in India ;-

12 / 25

If there is cyclic unemployment in the economy the government might:-

13 / 25

Which of the following is withdrawal from the circular flow income stream:-

14 / 25

Demand  for   intermediate   consumption   arises  in  :-

15 / 25

It is included in kinds of money:-

16 / 25

If inflationary expectations increase, the short run philips curve will be:-

17 / 25

If  the goods  are  complementary  like  car   and  their  petrol  ,  their  cross  elasticity  is ;-

18 / 25

Demand  for  safety  pins  is  :-

19 / 25

A reduction in the cost of production will:-

20 / 25

Which of the following can the government not use directly to control the economy:-

21 / 25

Maximum  loss of  a  firm  will be :-

22 / 25

Every one should study economics is a ____ statement:-

23 / 25

Pakistan started its first five year plan in:-

24 / 25

Normative economics involve:-

25 / 25

The  necessary condition   for  equilibrium  position of  a  firm  is  :-