The agro based industry is ?

A. Woodwork
B. Dairy farms
C. Carpets
D. Iron work

Surgical instruments are made in ?

A. Wazirabad
B. Sialkot
C. Lahore
D. Gujranwala

Sialkot is also famous for Saddles & ?

A. Musical instruments
B. Agriculture machinery
C. Harvesters
D. Paper manufacturing

Which city is famous for the textile mills that produce finest worsted suiting in the world ?

A. Haripur
B. Lawrencepur
C. Faisalabad
D. Karachi

Refer to Figure 24-1 What is the value of the basket in the base year ?

A. Rs459.25
B. Rs418.75
C. Rs300
D. None of these

If the nominal interest rate is 7 percent and the inflation rate is 3 percent, then the real interest rate is ?

A. 4 percent
B. 10 percent
C. -4 percent
D. 3 percent

Under which of the following conditions would you prefer to be the lender ?

A. The nominal rate of interest is 15 percent and the inflation rate is 14 percent
B. The nominal rate of interest is 20 percent and the inflation rate is 25 percent
C. The nominal rate of interest is 12 percent and the inflation rate is 9 percent
D. The nominal rate of interest is 5 percent and the inflation rate are 1 percent

If borrowers and lenders agree on a nominal interest rate and inflation turns out to be less than they had expected ?

A. Neither borrowers nor lenders will gain because the nominal interest rate has been fixed by contract
B. None of these answers
C. Borrowers will gain at the expense of lenders
D. Lenders will gain at the expense of borrowers

Demand pull inflation may be caused by ?

A. An increase in costs
B. A reduction in interest rate
C. A reduction in government spending
D. An outward shift in aggregate supply

An increase in injections into the economy may lead to ?

A. An outward shift of aggregate demand- and demand-pull inflation
B. An outward shift of aggregate demand and cost push inflation
C. An outward shift of aggregate supply and demand-pull inflation
D. An outward shift of aggregate supply and cost push inflation