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.