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PRINCIPLES OF ECONOMICS HSSC-I
SECTION — A (Marks 15)
(i) Which aspect of human life is studied in Economics?
A. Political B. Moral C. Economic D. Social
(ii) When Marginal Utility is equal to zero, then Total Utility will be____________
A. Maximum B Minimum C. Falling D Rising
(iii) Decrease in demand due to rise in price is caLled_____________
A Contraction in demand B. Fall in demand
C Extension in demand D. Rise in demand
(iv) If price of sugar increases by 10% and supply of sugar expands by 25% the elasticity of supply
of sugar will be_____________
A. Es<1 B. Es’l C. Es1 D. Es0
(v) Promotion of a Lecturer to Assistant Professor of FG College Islamabad is a form of _____________
mobility of labour.
A. Geographical B. Horizontal C. Vertical D. None of these
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