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Microeconomics

Law of Diminishing Marginal Utility: Concept, Assumptions and Limitations

March 6, 2022
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230 Views

Law of Diminishing Marginal Utility It is very important and the first law of consumption. It based on every day experience of human life that when we use...

Intermediate Part II

Economic System of Islam Important Short Questions

January 20, 2022
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205 Views

Q: What is meant by the Islamic economic system? A: An economic system in which all economic problems are solved in the light of Qur’an and Sunnah is...

Intermediate Part II

Foreign Trade of Pakistan Important Short Questions

January 20, 2022
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122 Views

Q: State major exports of Pakistan. A: Cotton, cotton your, cotton cloth, rice, leather and leather products, surgical instruments, sports goods, carpets...

Intermediate Part II

Public Finance of Pakistan Important Short Questions

January 20, 2022
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104 Views

Q: Write down the types of taxes. A: 1) Proportional tax 2) Progressive tax 3) Regressive tax 4) Value added tax Q: What is meant by progressive tax? A:...

Intermediate Part II

Banking in Pakistan Important Short Questions

January 20, 2022
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110 Views

Q: Write down the functions of the National Bank. A: Representative of State Bank of Pakistan 2) Accepting Deposits 3) Issuance of Loans 4) Provision of Easy...

Intermediate Part II

Communication and Human Resource Development Important Short Questions

January 20, 2022
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120 Views

Q:        What is meant by means of transportation. A:        The means of transporting goods from one place to another in the country are called means of...

Intermediate Part II

Economic Development and Planning Important Short Questions

January 20, 2022
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93 Views

Q1:   Define Economics Development. Ans:     Economics Development is a process in which real national income rises during the long period. If the rate of...

Intermediate Part II

National Income of Pakistan Important Short Questions

January 20, 2022
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97 Views

Q1:      Define per capita income. Ans:     Average income of a country is called per capita income. National income is divided by the population to define per...

Intermediate Part II

Bank Important Short Questions

January 20, 2022
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90 Views

Q:      What is meant by the bank? Ans:     Bank is a financial institution that collects people’s deposits. It gives loans to needy people out of these...

Development Economics

Characteristics of Underdeveloped or Developing Countries

January 14, 2022
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159 Views

Characteristics of Underdeveloped countries are divided into common and uncommon characteristics and these are following. A) Common Characteristics of...

Development Economics

Unemployment: Measurement, Types, Causes and Remedies

January 11, 2022
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245 Views

Unemployment: Unemployment is the condition of not having a job, often referred to as being “out of work”, or unemployed. Not having a job when a...

Development Economics

Inflation: Causes, Consequences and Remedies

January 11, 2022
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241 Views

Inflation: Prof. Gardener Ackley has Defined Inflation in the Following Words: “When the price level rises continually with a great speed, this situation...

Development Economics

Types of Economic Planning

August 6, 2021
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184 Views

Economic planning has become a craze in modern times. It initiates, controls and regulates the economic activities by the state, with a view to achieving well...

Development Economics

Strategy of Economic Planning

August 6, 2021
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200 Views

Economic planning implies the setting of certain targets which are tried to be achieved within a planned period. The targets are to be accomplished through...

Development Economics

Aims and Objectives of Economic Planning

August 6, 2021
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1,095 Views

Planning is regarded as a solution for all economic ills. It is therefore, advocated for the achievement of a variety of objectives. The objectives are not the...

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