91. Total demand for goods and services in an economy is known as?
A. Aggregate demand
B. Economy-wide demand
C. National demand
D. Gross national product
92. Study of inflation is part of?
A. Microeconomics
B. Macroeconomics
C. Descriptive economics
D. Normative economics
93. Which is the most essential function of an entrepreneur?
A. Management
B. Marketing
C. Risk bearing
D. Supervision
94. Knowledge, Technical skill, education, etc., in economics are regarded as?
A. Human capital
B. Social overhead capital
C. Tangible physical capital
D. Working capital
95. Excise duty on a commodity is payable with reference to its?
A. Production
B. Production and sale
C. Production and transportation
D. Production, Transportation, and sale
96. Purchasing power parity theory is related to?
A. Wage rate
B. Bank rate
C. Interest rate
D. Exchange rate
97. Imputed gross rent of owner-occupied buildings is a part of?
A. Intermediate consumption
B. Final consumption
C. Capital formation
D. Consumer durable
98. Free trade refers to?
A. Unrestricted exchange of goods and services
B. Movement of goods free of cost
C. Free movement of goods from one country to another
D. Trade free of duty
99. Current estimated inflation rate in Pakistan:
A. 8%
B. 9.3%
C. 10.9%
D. 12.5%
100. Pakistan’s biggest export product in 2020.
A. Rice
B. Linens
C. Yarn
D. None of these
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