Category Archives: General Knowledge MCQs

Past Papers General Knowledge MCQs with Answer Keys for written test preparation of all competitive exams in Pakistan, specially PPSC, FPSC, CSS, PMS, NTS, UTS, FTS, OTS, Grammar, Linguistics, synonyms, antonyms, analogies, acronyms, articles from past papers

 

The establishment of an “International Monetary Fund” in 1944 was the outcome of

A. Bretton Woods Agreement
B. Truman doctrine
C. Warsaw-Pact
D. Tehran conference

The “Theory of Population” was propounded by

A. John Calvin
B. Sigmund Freud
C. Tnomas Robert Malthus
D. Michael Faraday

The principal meri/merits of a Joint-stock company is that:

A. large capital can be raised
B. limitation of liability enables new risks to betaken
C. shares are transferable
D. all of them

The person who plays the role of co-ordinating and co-relating the factors of production is called:

A. Businessman
B. Investor
C. Entrepreneur
D. Capitalist

That part of a person’s wealth which is used in producing further wealth is called:

A. Capital
B. Investment
C. Equity
D. Money

The “Factors of Production” are:

A. land and labour
B. capital and organisation
C. all of them
D. none of them

The “Law of demand” is based upon:

A. Law of Diminishing Marginal Utility
B. Law of Increasing Returns ·
C. Principle of Decreasing Income Level’
D. Formula of investment Viz a Viz profitability

“Giffen’s Paradox” explains the relationship between:

A. supply and demand
B. price and demand
C. supply and price
D. income and demand

“Equilibrium’means:

A. a state of balance
B. an art of keeping the business profitable
C. dealing with two competitors simultaneously
D. maintaining relationship between investment and profit

Macro-economics is also called:

A. Income theory
B. Price theory
C. Business theory
D. Investment theory