What does NARC stand for?

Related Mcqs:

1. What does PARC stand for?

   A. Pakistan Association of Research Centers
   B. Pakistan Agricultural Research Council
   C. Pakistan Academy of Resource Conservation
   D. Pakistan Alliance for Rural Communities

   Submitted by: Muti-Ullah Makhmal

2. A good and service is indivisible and to which the exclusion principle does apply is called_________________?

   A. Public service
   B. Public good
   C. Public finance
   D. Public debt

3. A market situation in which a product that does not have close substitutes is being produced and sold by a single seller?

   A. Oligopoly
   B. Monopoly
   C. Perfect competition
   D. None

4. A market in which products households sell and firms buy resources or the services of resources is__________________?

   A. Resource market
   B. Product market
   C. Consumer market
   D. Producer market

5. Production possibility curve is always concave because ?

   A. The curve gets steeper as we move downward
   B. The marginal benefit decreases as more of a good is consumed
   C. In reflects the law of increasing opportunity cost
   D. Resources are scarce

6. An asset set aside for future use is termed as_______________________?

   A. Future planning
   B. Store of value
   C. Speculation
   D. None

7. Urban population in LDC’s_________________?

   A. 464 %
   B. 50 %
   C. 36 %
   D. 20 %

8. A barrier to the attainment of a set target in a particular period of time?

   A. Economic inefficient
   B. Economic integration
   C. Economic constraint
   D. None

9. A firm which engages in in the busyness of banking_________________?

   A. State bank
   B. Commercial bank
   C. World bank
   D. None

10. What percentage of Agriculture in GDP?

    A. 20.9
    B. 21.5
    C. 19.8
    D. 18.5

    Submitted by: Muhammad Ayaz Keerio