• Economics Quiz – 9

    81 Which in the below list organization is an best example of an agreement between Oligopolists?
    A) GATT
    B) WTO
    C) IMF
    D) OPEC
    82 A monopolist will be able to maximize his profits when _________?
    A) His output is maximum
    B) His marginal cost is equal to the marginal revenue
    C) His average cost is minimum
    D) He charges a lower price
     
    83 The Government uses which in the below list as last resort in deficit financing?
    A) External Borrowing
    B) Internal Borrowing
    C) Printing Currency
    D) None of These
    84 Which in the below list of economists is best known for his concepts of New Trade Theory and New Economic Geography?
    A) J. Bradford DeLong
    B) Amartya Sen
    C) Adam Smith
    D) Paul Krugman
    85 If the Reserve Bank of India wants to block foreign Capital Outflows and contain the currency depreciation, which would be the most possible action?
    A) Increase Interest Rates
    B) Decrease Interest Rates
    C) Purchase Government Bonds
    D) Decrease CRR
    86 Income generated from Tourism can be placed in which in the below list?
    A) Invisible Import
    B) Invisible Export
    C) Visible Import
    D) Visible Export
    87 Normally, Economic growth is normally coupled with __________ .
    A) Inflation
    B) Hyper Inflation
    C) Deflation
    D) Stagflation
    88 Which in the below list of industries generates invisible exports?
    A) Fishing
    B) Travel & Tourism
    C) Jewellery
    D) Handicrafts
    89 Which in the below list is defined by any reductions in private consumption or investment that occurs because of an increase in government spending?
    A) Crowding Out Effect
    B) Monetary adjustment
    C) Fiscal adjustment
    D) Subsidy Effect
    90 The excess of total expenditures over total receipts is known as _____ ?
    A) Fiscal Deficit
    B) Budget Deficit
    C) Revenue deficit
    D) None of These

     

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    Answers:

    81 Ans) OPEC
    82 Ans) His marginal cost is equal to the marginal revenue
    83 Ans) Printing Currency
    84 Ans) Paul Krugman
    85 Ans) Increase Interest Rates
    86 Ans) Invisible Export
    87 Ans) Inflation
    88 Ans) Travel & Tourism
    89 Ans) Crowding Out Effect
    90 Ans) Budget Deficit

     

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