Q. 5734916. Arrange the following in chronological order:
A. Denationalisation and encouragement of private sector in Pakistan.
B. First five year plan in Pakistan
C. Establishment of People’s Republic of China
D. First five year plan in China
(A) D, A, C, B
(B) C, D, B, A
(C) A, B, C, D
(D) C, D, A, B
Answer:
Explanation:
Q. 5734917. Value of output of a firm is NOT equal to:
(A) Sales, provided there aren’t any stocks lying with the firm.
(B) Quantity produced (units) × Price per unit
(C) Sales + Closing Stock – Opening Stock
(D) Domestic Sales Closing stock – Opening Stock
Answer:
Explanation:
Q. 5734918. Those activities which contribute to gross national product are called:-
(A) Non economic activities
(B) Primary activities
(C) Economic activities
(D) Tertiary activities
Answer:
Explanation:
Q. 5734919. Identify the correct formula to calculate NDP at FC by Income method-
(A) Wages and salaries in cash + operating surplus
(B) Compensation of employees + operating surplus + mixed income of self-employed
(C) Compensation of employee + operating surplus
(D) Operating surplus + mixed income of self employed
Answer:
Explanation:
Q. 5734920. Which of the following statement is not true?
(A) Milk purchased by household is final good
(B) Paper purchased by publisher is intermediate good
(C) Milk purchased by sweet shop is final good
(D) Books purchased by student is final good
Answer:
Explanation: