Category Archives: Economics Quiz

  • Economics Quiz – 10

    Posted on March 21, 2014 by Admin in Economics Quiz.

    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   […]

    Post Tagged with ,
    Continue Reading...
    Comments Off on Economics Quiz – 10
  • Economics Quiz – 9

    Posted on March 21, 2014 by Admin in Economics Quiz.

    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 […]

    Post Tagged with ,
    Continue Reading...
    Comments Off on Economics Quiz – 9
  • Economics Quiz – 8

    Posted on March 21, 2014 by Admin in Economics Quiz.

    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 […]

    Post Tagged with ,
    Continue Reading...
    Comments Off on Economics Quiz – 8
  • Economics Quiz – 7

    Posted on March 21, 2014 by Admin in Economics Quiz.

    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   […]

    Post Tagged with ,
    Continue Reading...
    Comments Off on Economics Quiz – 7
  • Economics Quiz – 6

    Posted on August 31, 2011 by admin in Economics Quiz.

    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) […]

    Post Tagged with ,
    Continue Reading...
    No Comments.
  • Economics Quiz – 5

    Posted on August 31, 2011 by admin in Economics Quiz.

    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 […]

    Post Tagged with ,
    Continue Reading...
    No Comments.
  • Economics Quiz – 4

    Posted on August 31, 2011 by admin in Economics Quiz.

    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 […]

    Post Tagged with ,
    Continue Reading...
    No Comments.
  • Economics Quiz – 3

    Posted on August 31, 2011 by admin in Economics Quiz.

    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) […]

    Post Tagged with ,
    Continue Reading...
    No Comments.
  • Economics Quiz – 2

    Posted on August 31, 2011 by admin in Economics Quiz.

    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 […]

    Post Tagged with ,
    Continue Reading...
    No Comments.
  • Economics Quiz – 1

    Posted on August 31, 2011 by admin in Economics Quiz.

    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) […]

    Post Tagged with ,
    Continue Reading...
    No Comments.