361. Reference to the High Court can be sent within _ days of Communication of the order of the Appellate Tribunal.
(A) 120
B) 90
(C) 70
(D) 60
362. Socialism is also called:
(A) Laissez-faire economy
(B) Free-market economy
C) Command economy
(D) Perfectly competitive economy
363. Capitalism is also called:
A) Laissez-faire economy
(B) Planned economy
(C) Command economy
(D) Perfectly competitive economy
364. There is an absence of the role of government in:
A) Capitalist economy
(B) Socialist economy
(C) Primitive economy
(D) Mixed economy
365. In a mixed economy, what is the motive of the producer?
(A) Society’s welfare
(B) Profit
C) Both of the above
(D) None of the above
366. Demerits of capitalism are seen in:
A) Unequal distribution of income and wealth
(B) Business instability
(C) Consumer’s exploitation
D) All of the above
367. Capitalism brings about:
A) Maximum efficiency
(B) Rapid economic growth
(C) More economic activity
D) All of the above
368. Who gave the invisible hand theorem?
(A) Marshall
(B) Karl Marx
(C) Robins
D) Adam Smith
369. Price mechanism is:
A) Interaction of market forces of demand and supply to determine the price
(B) A mechanism followed by producers to determine the price
(C) A mechanism where both buyers and sellers exercise their bargaining power and then settle for a price
D) All of the above
370. Under the Benazir Income Support Program (BISP) of the government of Pakistan, about how many beneficiaries are receiving financial help?
(A) 3.5 million
(B) 4.0 million
C) 4.5 million
(D) 5.0 million
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