What is referred by cost push inflation ?

A. decreased production costs drive prices up
B. decreased production costs drive prices down
C. increased production costs drive prices down
D. increased production costs drive prices up

The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?

A. adam smith
B. david ricardo
C. david smith
D. adam ricardo

How I measured the change in the cost of basic goods and services in comparison with a fixed base period ?

A. human development index (hdi)
B. consumer price index (cpi)
C. complete price index (cpi)
D. comparative price index (cpi)

A borrower gives to creditor a security to grantee repayment of a loan. What is this security called ?

A. pledge
B. assurance
C. collateral
D. guaranty

Which of the following is the Pakistan’s central bank ?

A. state bank
B. national bank
C. both of them
D. none of them

Mention the term which is used for the large-scale removal of individual and corporate investment capital and income from a country ?

A. money flight
B. capital drain
C. free flow
D. capital flight

Name the system in which the means of production and distribution are privately or corporate owned and development is proportionate to the accumulation and reinvestment of profits which are gained in a free market ?

A. capitalism
B. socialism
C. free market economy
D. liberalism

What is called the crop which is grown for sale rather than the farmer’s own use ?

A. business crop
B. cash crop
C. money crop
D. earning crop

What is called the rules of laws which governs the internal affairs of an organization ?

A. corporate laws
B. secondary laws
C. by laws
D. internal laws

A long-term asset, such as land or building is termed as ?

A. capital asset
B. solid asset
C. solid capital
D. future asset