221. Growth definition by Samuelson has:
(A) An element of time in its.
(B) Touches about economic growth and welfare concepts.
(C) Talks about the problem of scarcity of resources.
D) All of the above
222. Bank deposits that can be withdrawn without notice are called?
(A) Fixed deposits
(B) Account payee deposits
(C) Variable deposits
D) Demand deposits
223. An expenditure that has been made and cannot be recovered is called?
(A) Opportunity cost
(B) Variable cost
C) Sunk cost
(D) Operational cost
224. Practice of selling goods in a foreign country at a price below their domestic selling price is called?
(A) Discrimination
(B) Diplomacy
C) Dumping
(D) Double pricing
225. Who propounded the Market Law?
A) J.B. Say
(B) Adam Smith
(C) David Recardo
(D) T.R. Malthus
226. Which is the classification of industries on the basis of raw materials?
(A) Small scale-large scale
(B) Primary and secondary
(C) Basic and consumer
D) Agro based and mineral based
227. Engel’s Law states the relationship between?
(A) Quantity demanded and the tastes of a consumer
(B) Quantity demanded and the price of a commodity
(C) Quantity demanded and price of substitutes
D) Quantity demanded and income of the consumers
228. The agricultural share in the GDP of Pakistan is around:
(A) 16.5 %
(B) 19.19 %
(C) 21.50 %
D) 23.7 %
229. Rank of Pakistan by population in the world is:
(A) 3rd
(B) 4th
C) 5th
(d) 6th
230. Government taxing and spending policy is called:
A) Fiscal policy
(B) Budget
(C) Monetary policy
(D) Finance policy
Admin