Which of the following represents a ‘has-a’ or ‘is-part-of’ relationship between entity types, where one represents the ‘whole’ and the other the ‘part’?

A. Composition

B. Aggregation

C. Participation constraint

D. Disjoint constraint

In the Operating System, which of the following options contains the address of the next instruction to be fetched?

A. Memory address register (MAR)

B. Link register (LR)

C. Instruction register (IR)

D. Program counter (PC)

Which one is NOT to be dealt under Monetary Policy?

A. Quantity of Money

B. Interest Rate

C. Open Market Operation

D. Tax Imposition

The ratio of change in Consumption to a Change in income is known as:

A. Average Propensity to Consume

B. Marginal Propensity to Consume

C. Marginal Efficiency of Capital

D. Physical Depreciation

The Recardian Theory of Rent follows:

A. Law of Diminishing Return

B. Law of Demand

C. Theory of Rent

D. Say’s Law

Stabilization Policy aims at attaining general equilibrium including all EXCEPT:

A. The Price Level Stability

B. Interest Rate

C. full Employment

D. Balance of Payment

Which one of the following is NOT related with the Rostow Stages of Growth Model?

A. Industrialization

B. Subsistence Agriculture Sector

C. Innovation

D. Savings should be equal to Investment

When price is equal to ______, losses are equal to Total Fixed Cost (TFC).

A. Maximum Average Variable Cost (AVC)

B. Minimum Average Variable Cost (AVC)

C. Average Variable Cost (AVC)

D. Average Total Cost (ATC)

If a firm is producing NOTHING, then its Total Cost will be:

A. Average Cost

B. Zero

C. Total Fixed Cost

D. Total Variable Cost

According to Kinked Demand Curve, the segment of the curve above prevailing price level is:

A. Highly Elastic

B. Highly Inelastic

C. Perfectly Inelastic

D. Perfectly Elastic

MCQs (Category wise)

Departmental Solved Past Papers

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Pakistan Academy of Letters
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