What does PARC stand for?
What percentage of Agriculture in GDP?
An index measuring national socioeconomic development based on measures of life expectancy at birth, educational attainment and adjusted per capital income ?
The currency of a major industrial country, such as the U.S dollar__________?
The responsiveness of the quantity demand of a commodity to change in the consumer’s income, measured by the proportionate change in quantity divided by the proportionate change in income ?
The implicit change in real income resulting from the effects of a change in a commodity’s price on quantity demand?
The annual amount that a borrower must pay a lender over an above the total borrowed ?
The part of the urban economy of LDC’s characterized by small competitive individual or family firms, labour intensive methods, free entry and market determined factor and product prices?
Any system that features one price for sellers and another for buyers ?
A market situation in which a product that does not have close substitutes is being produced and sold by a single seller?
Activities of central bank designed to influence financial variables such as money supply and interest rates?
The study process by which a productive capacity of the economy is increased over time to bring about raising levels of national output and income?
Income that is available to house holds for spending and saving after personal, income taxes have been deducted ?
The increasing integration of national economies into expanding international market ?
Any financial institution that serves to channel loan able funds savers to borrowers?
The sum of interest payments and repayment of principal on external public and public ally guarantee debt?
Group of LDC debtors who join together to bargain as a group with creditors?
All seem fully employed but in reality much of their time is spent in unproductive activities?
The study of how economies are transformed from stagnation to growth and from low income to higher income status?
An economic plan that sets targets to cover all the major sectors of the national economy?
An agreement among sellers of a commodity to set a common price or share their commodity market?
A. Cetris peribus stands for__________?
Advantage that occurs to individual or society as a whole as a result of increase in the consumption of certain types of goods or services by other individuals ?
Excess utility over price derived by the consumers because of negative sloping demand curve ?
A ratio that shows the unit of capital required to produce a unit of output over a given period of time?
Transfer of funds to a foreign country by a local citizen by business ?
Major financial institution responsible for issuing currency, managing foreign reserves implementing monetary policy and providing banking service to the govt. and commercial banks ?
Increasing a country’s stock of real capital (net investment in fixed essels)__________?
The emigration of highly skilled and educated professionals and technical man power from developing to developed countries?
A term used by ILO to describe the basic goods and services necessary for a minimum standard of living ?
A summary statement of a nations financial transactions with the outside world ?
Gradual pay off a loan principle ?
Economic model describing growth of the economy on one or at most a few sectors and variables?
Total amount of income necessary to raise everyone who is below the poverty line up to that line ?
Aggregate inequality measures that can vary anywhere from O (perfect equality) to 1 (perfect inequality) are given by__________?
“The tricks of economic growth and development are simply a matter of increasing national savings and investment.” Is a simplest form of?
Year number of deaths per 1,000 population is called?
Number of peoples and their level of skills is called as__________?
A country’s potential for economic growth is greatly influenced by its endowments of__________?
Rates of open unemployment in developing world average ?
People who are eager and able to work but for whom no suitable jobs are available?
In developed countries manufactured goods are about __________% of total export?
Urban population is developed nations?
Agriculture contribution in GNP of developing nations?
Rural based population in developed countries__________?
In LDC children under age of 15 years are __________% of the total population?
In least developed nations dependent children are__________?
Nonproductive members of society are referred to as__________?
The core value of development is__________?
Noble prize of Economics in 1979 was awarded to__________?
The role of power in economic decision making is studied in__________?

What does NARC stand for?

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

Submitted by: Muti-Ullah Makhmal

National Agricultural Research Centre (NARC), Islamabad established in 1984, is the premier research establishment of the Pakistan Agricultural Research Council (PARC) at the federal level.

Correct Answer: National Agricultural Research Centre ✔

Last Updated: September 27, 2024