In theory of Keynesian employment level is mainly connected to,
1.
Fluctuation in prices
2.
Fluctuation in national-income
3.
Fluctuating real-wage-rates
4.
Adjustment’s in
Government expenditures
In great depression of 1939, Keynes presents theory and
according to this theory government should more attention on expenditures due
to this employment increase so purchasing power also increase, then economy
boost.
A deflationary
gab is measured by the:
1.
Employment-Rate
2.
Balance-of-trade-deficit
3.
Raise
in injection desirable to achieve full-employment
4.
Deflation-Rate
When aggregate-demand is less than
aggregate-supply then deflationary-gap will be appeared.
AD<AS
When aggregate-demand is greater
than aggregate-supply then inflationary-gap will be appeared.
AD>AS
Income line is always 45 degree line and income also called
aggregate supply. Consumption line cannot start from zero and consumption also
called aggregate demand. At equilibrium point all resources are fully employed.
If income decrease then AD>AS, prices increase and this alternate return to
equilibrium point. If income increase, then AD<AS, for the purpose of
decreasing supply companies getting out their employs and this alternate return
to equilibrium point.
A raise in exports of a country will tends to:
1.
Decrease
the domestic supply of money
2.
Decrease its trade-surplus
3.
A raise
up-ward pressure’ on rate of exchange
4.
Raise
in unemployment at domestic level
MRS for goods X and Y are gained by:
1.
Demand
curve slope
2.
Supply
curve slope
3.
Budget
line slope
4.
Indifference curve slope
The most profitable resources of the commercial banks are:
1.
Balance
at the central-bank
2.
Appropriate
commercial-bill’s
3.
Treasury-bills
4.
Loans-and-advances
Commercial banks gain more profit from loans and advances, so this
is profitable asset of any commercial bank.
Which is suggested by existence of a negative-externality?
1.
Individual
is not the good judge of their personal well beings
2.
Out-put
is less than its optimal-level
3.
Producer’s
are not profit maxi-misers
4. There is a divergence between private and social costs
For example factories produce product at the same time these
factories create pollution in environment so the pollution is externality.
The example of
fiscal policy is:
1.
A decrease in value-added-tax
2.
The adjustment
of the foreign-exchange-rate
3.
The
introduction of a ceiling on wage raise in private-sector
4.
An decrease
of credit controls
Fiscal policy is where’s government
is changes in taxes and expenditures.
The regressive-tax
is indicated as:
1.
Every
tax payers to pay the similar total quantity of their income in taxation’
2.
Higher
income earner’s to give more taxes’ then lower income-earner’s
3.
Higher income earner’s to give a lower amount of their income in
taxes’ then lower income-earner’s
4.
Higher
income-earner’s to pay a high amount of their income in taxes’ then lower
income-earner’s
Regressive tax is higher income-earner’s to pay a low amount of
their income in taxes’ then lower income-earner’s for example any two people A
and B separately purchase Madison with Rs 500, the income of A is 20,000 and
the income of B is 50,000, and sales tax is Rs 100 so both are equally pay 100
sales tax.
The principle of
acceleration postulate’s that:
1.
The net
investment rate of change influence national-income
2.
The output
rate of change influence net-investment
3.
The net investment rate of change is determined by the output level
4.
The ratio
of capital-output change’s as demand-change’s
Regarding theory of Keynes, in a
closed-economy without govern-ment, intended saving’s brought in to equal
opportunity with planed-investment by changes’ in:
1.
Interest
rate
2.
Level of national-income
3.
Autonomous
consumption level
4.
Induced
consumption level
Keynes always said that saving and
investment brought up the equity in to the level of national income.
Assume that the
supply of good “A” is perfectly-elastic. If the demand’ for this good rises:
1.
The
equi-librium price or quantity will raise
2.
The
equi-librium price or quantity will decline
3.
The equi-librium quantity’ will raise but the no change in price
4.
The
equi-librium price will raise but the no change in quantity
The demand and supply curve at
equilibrium point E, if demand for product increase then demand curve shift
rightward, perfectly elastic supply curve shift upward so at that point price
will not change.
If the demands-curve
for merchandise “A” moves to the right’, and the price of merchandise “B” decrease,
it can-be shows that:
1.
“A”
and “B” are substitute-goods
2.
“A” and “B” are complementary-goods
3.
“A”
is an inferior-good, and “B” is a superior-good
4.
Both
goods “A” and “B” are inferior-goods
If demand for product “A” increase
then price of product “B” decrease these are called complementary goods.
The total-utility
concurs with the marginal-utility:
1.
For the 1st unit consumed’
2.
The
same utility’ from the con-sumption of the combination of 2 products
3.
Identical
income of consumer
4.
Identical
price’s of the products-consumed
The
indifference-curve defines as:
1.
The
same combination of two-goods
2.
The same utility from the con-sumption of the combination of two-goods
3.
The
same income of consumer
4.
The
same price’s of the goods-consume
Indifference shows the combination
of two goods X and Y which shows equal utility.
The point’s placed
at the inter-section of the budget-line with the axes of coordinate represent:
1.
The
consumer’s all income does-not spend
2.
The consumer’s spend total income on only 1 good’
3.
The consumer’
spend totally zero
4.
These
are the impossible point’s to achieve by the consumer’
With perfect-combination
the market is:
1.
The firm is a price-taker, means that it takes over the price of market
2.
The
firm is a price-maker means that it determine the price of market
3.
The products
of companies are differentiate
4.
barriers
of
Input –are mineral, and barriers of exit are-maximal
In perfect combination markets are always
price taker. In monopoly markets are
always price maker.
“A good is
produced under perfect competition” Which of the condition shows:
1.
Higher
Producer profit
2.
Smaller
Producer profit
3.
Inelastic
Total supply
4.
Individual-demand is perfectly-elastic
Individual demand is perfectly
elastic means against market condition, small increase in price then demand
maybe zero.
There is a
difference among perfect-competition and monopolistic-competition as regards:
1.
Entry
in a market
2.
Number
of sellers’ and buyers’
3.
Market-power
of competitor
4.
Homo-geneity of product’s
The basic
features of public goods are follows as:
1.
State
owned
2.
Characterized by non excludability and non rivalry
3.
Characterized
by exclude-ability and-rivalry
4.
May-be
+tv or -tv
Non excludability means no one can exclude from it everyone has
right to consume these goods and non-rivalry means consumption of one person
cannot effect the consumption of anyone, consume it as you want.
Pakistan domestic saving rate is:
1.
2%
2.
8%
3.
22%
4.
28%
Pakistan per capita income at constant price in 2017was (in
dollars):
1.
1629
2.
2629
3.
4629
4.
6029
Contribution of industrial sector in GDP of Pakistan is:
1.
10%
2.
20%
3.
30%
4.
40%
Unemployment rate in Pakistan is:
1.
6%
2.
16%
3.
26%
4.
29%
State bank of Pakistan was established in:
1.
1954
2.
1952
3.
1950
4.
1948
These all are related to current figures so you should prepare
current figures.
Treasury
bill is used for:
1.
Getting short-term-loans
2.
Getting
long-term-loans
3.
Treasury
bill is not a credit instrument
4.
Treasury
bill is a government tax bill
Pakistan
fiscal year start from;
1.
1st
January
2.
1st
April
3.
1st July
4.
1st
September
If tax-rate
increases with raise in income’, it is called;
1.
Proportional-Tax
2.
Regressive-Tax
3.
Progressive-Tax
4.
Value
Added-Tax
If
the face value of money is greater than its intrinsic value, it is called:
1.
Token-Money
2.
Standard-Money
3.
Paper-Money
4.
Credit-Money