91 An excise duty is a charge on __________________. A) Export of goods B) Production of goods C) Production or sale of goods D) Import of goods 92 Which in the below list is true regarding NNP ? A) GNP + depreciation B) GNP – depreciation […]Continue Reading... Comments Off on Economics Quiz – 10
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 […]Continue Reading... Comments Off on Economics Quiz – 9
71 Bad money (if not limited in quantity ) drives good money out of circulation. Which law states that? A) Keynes’ law B) Smith’s law C) Gresham’s law D) Grimm’s law 72 Which in the below list is a correct feature of a perpetual bond? A) Perpetual Bonds have no fixed interest rates B) Perpetual […]Continue Reading... Comments Off on Economics Quiz – 8
61 RBI carries out open market operations (OMO), which means? A) Issuance of different types of bonds B) Sale or purchase of government securities C) Sale of US Dollars D) Issuance of currency notes 62 Sub-prime refers to? A) Lending done by banks at rates below PLR […]Continue Reading... Comments Off on Economics Quiz – 7
51 Immediate effect of Inflation? A) Increased purchasing power B) Decreased purchasing power C) Increased Interest rates D) Decreased Interest rates 52 Philips Curve is used to show relationship between A) Inflation and Unemployment rate B) Inflation and GDP C) GDP and Unemployment rate D) […]Continue Reading... No Comments.
41 Economics of Scale exists when A) Average production cose increases with increase in output B) Average production cose decreases with increase in output C) Average production cose decreases with decrease in output D) Average production cose stays unchanged irrespective of output volume 42 When Marginal product is at […]Continue Reading... No Comments.
31 In a perfect competitive market, all the buyers and sellers have ________ knowledge about the market A) Partial B) Perfect C) Imperfect D) None of these 32 Demand curve is mainly A) Horizontal to X-Axis B) Vertical to X-Axis C) Downward Sloping D) Upward […]Continue Reading... No Comments.
21 A financial condition in which there is an undue decrease in the amount of money available relative to its buying power, leading to a consistent reduction in general price levels, is termed A) Inflation B) Deflation C) Demonetization D) Destabilization 22 Invisible Export means export of A) […]Continue Reading... No Comments.
11 As per Demand-Supply Concept, higher supply compared to same demand leads to A) Higher Price B) Lower price C) No Impact on Price D) None of These 12 Difference between Export and Import when Export> Import; knows as A) Current Account Surplus B) Current Account Deficit […]Continue Reading... No Comments.
1 An economy is at the take off stage on its path to development when it A) becomes stagnant B) begins steady growth C) is liberalized D) gets maximum foreign aid 2 Which of the following is the basic characteristic of Oligopoly? A) a few sellers, one buyer B) a few sellers, many buyers C) […]Continue Reading... No Comments.