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261.

The law, which is very useful in determining the best use of limited resources, is:

A.	Law of opportunity cost	B.	Law of diminishing return
C.	Law of substitution	D.	None of the above

262.

The main cause of inflation is in money supply and decrease in production:

A.	Decrease	B.	Increase
C.	Remains same	D.	None of them

263.

The term oligopoly means:

A.	There is two or more buyer	B.	There is two or more seller of a commodity
C.	There is single seller of a commodity	D.	None of the above

264.

The main objective of land reform measures undertaken after independence was removal of institutional and _____ obstacles:

A.	Emotional	B.	Motivational
C.	Conventional	D.	National

265.

The meanings of the word 'Economics' is most closely associated with the word:

A.	Scarce	B.	Free
C.	Unlimited	D.	Expenditure

266.

Which of the following definitions of economics includes the economic concept of 'Scales of Preferences'?

A.	Wealth' Definition	B.	Welfare' Definition
C.	Scarcity' Definition	D.	Isolation' Definition

267.

The modern theory of population is called:

A.	Classical theory of population	B.	Optimum theory of Population
C.	Demand and supply theory of population	D.	None of the above

268.

The Money paid for the use of money borrowed is nothing but:

A.	Profit	B.	Rent
C.	Premium	D.	Interest

269.

The more we have of a thing, the desire for addditional units of it will be:

A.	Less	B.	More
C.	Remain same	D.	None of the above

270.

The most common method exist in regulated markets is:

A.	Close tender system	B.	Open auction system
C.	Dara sale	D.	Moghum sale