Author Archives: Aban Cheema

2022 FIFA world cup will be held in ____

A. Qatar
B. Russia
C. UAE
D. None of these

Ghazi Brotha dam in Attock, Punjab, is located on _____ river

A. Dasht
B. Kabul
C. Indus
D. None of these

 

Liberty, Equality, Fraternity was the slogan during

A. The French Revolution
B. The Russian Revolution
C. The American War of -Independence
D. None of these

The Upper house of the parliament in Pakistan ‘Senate’ consists of:

A. 100 members
B. 104 members
C. 110 members
D. 112 members

The free market involves:

A. The free provision of products
B. The subsidizing of products by the government
C. Market forces of supply and demand
D. All trade via barter

A mixed economy:

A. Has supply but not demand
B. Has demand but not supply
C. Has supply and demand
D. Has market forces and government intervention

Indicate below what is NOT a factor of production.

A. Labour
B. Capital
C. A bank loan
D. Land

Privatization is the transfer of:

A. corporately owned businesses to individuals.
B. publicly held stock to private individuals.
C. government businesses to the private sector.
D. privately owned businesses to the government sector

The average income of the people of a country during a year termed as

A. National Income
B. Domestic Income
C. Protection Income
D. Per-capita Income

Accounting equation is defined as

A. Assets = Liabilities + Owners’ Equity
B. Liabilities = Short term liabilities + current assets
C. Liabilities = Fixed assets – current assets                                                            D.  None of these