Economics MCQS

151. Delegation of Powers to the Officers of Inland Revenue are conferred under section:
A. 31
B. 32
C. 33
D. 34

152. Banking Company means a banking company as defined in the banking companies ordinance:
A. 1990
B. 1962
C. 1984
D. 1969

154. Macroeconomics deals with?
A. Economics Aggregates
B. The behavior of firms
C. The activities of individual units
D. None of the above

155. Which of the following is not one of the basic economics?
A. How to maximize economic growth
B. What to produce
C. Who to produce for
D. How to produce

156. Human wants are?
A. Limited
B. Unlimited
C. Fixed
D. Likely to decrease to over time

157. Resources in an economy?
A. Always increase over time
B. Are limited at any moment in time
C. Can never decrease
D. Are always found

158. First Nobel prize in the field of economics was given in?
A. 1965
B. 1968
C. 1969
D. 1972

159. The sacrifice involved when you choose a particular course of action is called the?
A. Consumer cost
B. Producer cost
C. Opportunity cost
D. Alternative

160. Normative economics forms _ based on _.
A. Opinion personal facts
B. Positive statements, facts
C. Positive statements values
D. Opinions facts