Solved Past Paper

PAST PAPERS OF ALL JOBS

Practice and review PAST PAPERS OF ALL JOBS with verified questions, correct answer keys, and detailed solutions.

Total Questions 29 Qs
Duration Limit 100 Min
Negative Mark 0.00
Attempt Count 0

Solved Questions & Explanations

29 questions with verified answers and explanations

1

The Indus River originates in China, near:

National Parks of Pakistan PYQ
a Tianchi Lake
b Tibetan Lake
c Lake Manasarovar
d None of these
Explanation

Lake Manasarovar

Also appeared in
2

The World Bank classifies countries into four groups. This classification is based upon:

World Leaders in News PYQ
a Economic growth rate
b Labour force participation rate
c Unemployment rate
d Gross National Income per capita
Explanation

Gross National Income per capita

Also appeared in
3

Automatic stabilizers are one of the __________ policy tools.

Guinness World Records (General Knowledge Focus) PYQ
a Monetary
b Trade
c Fiscal
d Investment
Explanation

Fiscal

Also appeared in
4

Increase in supply of money will positively affect:

Guinness World Records (General Knowledge Focus) PYQ
a Economic growth of the country
b Rate of unemployment
c Labour force participation rate
d Rate of inflation
Explanation

Rate of inflation

Also appeared in
5

The relationship between inflation and unemployment is represented by:

Guinness World Records (General Knowledge Focus) PYQ
a Okun's law
b Phillips curve
c Say's law
d U-shape curve
Explanation

Phillips curve

Also appeared in
6

Which of the following is not a component of GDP?

Guinness World Records (General Knowledge Focus) PYQ
a Consumption by households
b Investment by firms
c Public Spendings
d Rate of unemployment
Explanation

Rate of unemployment

Also appeared in
7

Classical economics is the:

Guinness World Records (General Knowledge Focus) PYQ
a Supply side economics
b Demand side economics
c Both (A) & (B)
d None of these
Explanation

Supply side economics

Also appeared in
8

LM curve represents:

Guinness World Records (General Knowledge Focus) PYQ
a Equilibrium in goods market
b Budget balance
c Equilibrium in financial market
d None of these
Explanation

Equilibrium in financial market

Also appeared in
9

The account in balance of payment that consists of all transactions in financial assets is known as:

Financial Action Task Force (FATF) PYQ
a Capital account
b Current account
c Official Reserve account
d None of these
Explanation

Capital account

Also appeared in
10

Monopolistic Competition is different from Perfect Competition because of:

Guinness World Records (General Knowledge Focus) PYQ
a The large number of firms in the industry
b The lack of barriers to entry and exit of firms
c The low level of price competition in Monopolistic Competition
d The high level of price competition in Monopolistic Competition
Explanation

The low level of price competition in Monopolistic Competition

Also appeared in
11

The doctrine of comparative advantage states that there are gains from international trade:

Guinness World Records (General Knowledge Focus) PYQ
a Only if both comparative and absolute advantage are present in both countries.
b If opportunity costs are the same in the countries involved.
c Only if there are economies of scale available.
d If countries specialize in the production of goods in which they are relatively more efficient.
Explanation

If countries specialize in the production of goods in which they are relatively more efficient.

Also appeared in
12

Trade based on absolute advantage was presented by:

Guinness World Records (General Knowledge Focus) PYQ
a Alfred Marshall
b Adam Smith
c Lionel Robbins
d None of these
Explanation

Adam Smith

Also appeared in
13

According to Keynes, the relationship between money supply and rate of interest is:

Guinness World Records (General Knowledge Focus) PYQ
a Negative
b Positive
c Direct
d None of these
Explanation

Negative

Also appeared in
14

A country that makes large net income payments to investors in another country is likely to:

Guinness World Records (General Knowledge Focus) PYQ
a Have a large GDP than GNP
b Grow slower economically than the other country
c Grow faster economically than the other country
d Have smaller GDP than GNP
Explanation

Have a large GDP than GNP

Also appeared in
15

Disposable income is:

Guinness World Records (General Knowledge Focus) PYQ
a The same as personal income
b Income that is used only for consumption
c Personal income remaining after income taxes
d Exclusive of social security payments or welfare
Explanation

Personal income remaining after income taxes

Also appeared in
16

The marginal utility of a good refers to the:

Guinness World Records (General Knowledge Focus) PYQ
a Total utility of the good for consumption of the last unit
b Extra utility associated with consuming another unit of the good
c Utility associated with consuming an alternative good
d Consumer surplus associated with the consumption of an alternative good
Explanation

Extra utility associated with consuming another unit of the good

Also appeared in
17

Which of the following does not apply to Pareto efficiency?

Guinness World Records (General Knowledge Focus) PYQ
a Consumptive efficiency
b Production efficiency
c Allocative efficiency
d Equity
Explanation

Equity

Also appeared in
18

What type of unemployment is directly related to swings in the business cycle?

Guinness World Records (General Knowledge Focus) PYQ
a Seasonal
b Frictional
c Cyclical
d Structural
Explanation

Cyclical

Also appeared in
19

Which of the following is not a basic assumption of perfect competition?

Guinness World Records (General Knowledge Focus) PYQ
a Free entry and exit
b Many small sellers and buyers
c Perfect information
d Homogeneous product
Explanation

Perfect information

Also appeared in
20

When was Quaid e Azam become the president of first constituent assembly?

Guinness World Records (General Knowledge Focus) PYQ
a 10 August 1947
b 11 August 1947
c 15 August 1946
d None of These
Explanation

11 August 1947

Also appeared in
21

Imam Abu Hanifa R.A Died during the reign of ________ ?

Guinness World Records (General Knowledge Focus) PYQ
a Hisham
b Harun al-Rashid
c Al-Mansur
d Al-Saffah
Explanation

Al-Mansur

Also appeared in
22

In Torat by which name Prophet Muhammad (SAWS) was called________?

Guinness World Records (General Knowledge Focus) PYQ
a Muhammad
b Farooq
c Tayyab
d Ahmed
Explanation

Tayyab

Also appeared in
23

Which of the following should be used when you want to add a slide to an existing presentation?

Guinness World Records (General Knowledge Focus) PYQ
a File, add a new slide
b Insert, New slide
c File Open
d File, New
Explanation

Insert, New slide

Also appeared in
24

Federal Investigation Agency (FIA) founded in___________?

Guinness World Records (General Knowledge Focus) PYQ
a 13 June 1970
b 13 January 1975
c 13 August 1980
d 13 September 1985
Explanation

13 January 1975

Also appeared in
25

A person who talks in his/her sleep is known as ___________?

World Leaders in News PYQ
a Bourgeois
b Insomnist
c ventriloquist
d Somniloquist
Explanation

Somniloquist

Also appeared in
26

In Microsoft Word the Superscript, subscript, outline, emboss, engrave are known as________?

Guinness World Records (General Knowledge Focus) PYQ
a Font effects
b Text effects
c Font styles
d Word art
Explanation

Font effects

Also appeared in
27

To AutoFit the width of column______________________?

Guinness World Records (General Knowledge Focus) PYQ
a Double click the left border of column
b Double click the right border of column
c Double click the column header
d All of above
Explanation

Double click the right border of column

Also appeared in
28

The Statue of Liberty was a gift to USA from which of the following Country?

Guinness World Records (General Knowledge Focus) PYQ
a Greece
b Great Britain
c France
d Italy
Explanation

France

Also appeared in
29

Who built Badshahi Masjid ?

World Leaders in News PYQ
a Zaheer Uddin Babar
b Naseer Uddin Humayun
c Aurangzeb Alamgir
d Shehnshah Akbar
Explanation

Aurangzeb Alamgir

Also appeared in

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Topic Weightage

Guinness World Records (General Knowledge Focus) 82.8%
World Leaders in News 10.3%
National Parks of Pakistan 3.4%
Financial Action Task Force (FATF) 3.4%