Economic | MCQs

Explanation

Liable for means responsible for

Liable for ذمہ دار قرار دینا

Liable to means entitled to.

Liable to حقدار

You will be liable to tax on the interest. 

Explanation

Lack is followed by of.

Of is a preposition here.

Lack of money means پیسوں کی کمی

Explanation

Generally pride is followed by on.

On is a preposition here.

Proud on something means کسی بات پر غرور کرنا

Explanation

We generally use about with concerned.

About is a preposition here.

Concerned about something means کسی کے بارے میں فکرمند ہونا

He is very concerned about the economy. 

Explanation

Devastating means تباہ کن

Wrecking means تباہی

Explanation

Who is a "proletarian"?

proletariat, the lowest or one of the lowest economic and social classes in a society.

Explanation

Parsimony means کنجوسی 

Frugality means کم خرچ

Explanation

Depreciate means قدر میں کمی یا بلٹیٹل کو کم کرنا

Appreciate means قدر میں اضافہ کرنا یا ورتھ کو پہچاننا

Explanation

"Almost each day" is grammatically incorrect.

The correct phrase is "Almost every day", which is standard usage for frequency.

Explanation

Ibn Khaldun (d. 1406 CE) was a renowned Islamic scholar, historian, and economist.

He is widely recognized as one of the founders of modern economics.

His work, "The Muqaddimah" (The Prolegomena), is considered a seminal text in the field of Islamic economics.