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MCQs

Total Questions : 434 | Page 3 of 44 pages
Question 21. Economic development is measured on the basis of ?
  1.    Increase in nominal GNP
  2.    Increase in real GNP
  3.    Increase in personal income
  4.    Increase in government revenue
 Discuss Question
Answer: Option B. -> Increase in real GNP
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 22. When the stock market is rising it is ?
  1.    Bearish
  2.    Bullish
  3.    Hottest
  4.    Rising up
 Discuss Question
Answer: Option B. -> Bullish
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 23. What would cause a country’s exchange rate to fall ?
  1.    An increases demand for its exports
  2.    Increased demand for its imports
  3.    An increased inflow of capital
  4.    None of the above
 Discuss Question
Answer: Option B. -> Increased demand for its imports
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 24. A budgetary deficit means ?
  1.    Total expenditure is more than total revenue
  2.    Current expenditure is more than current revenue
  3.    Capital expenditure is more than capital revenue
  4.    Total expenditure is more than current revenue
 Discuss Question
Answer: Option A. -> Total expenditure is more than total revenue
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 25. Economic development ?
  1.    Is the same as economic growth
  2.    Means improvement in lifestyle
  3.    Exists when there is equal distribution of income
  4.    All of the above
 Discuss Question
Answer: Option B. -> Means improvement in lifestyle
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 26. Which is most likely to cause a more even distribution of income ?
  1.    An increase in indirect taxes
  2.    An increase in managers salaries
  3.    An increase in progressive taxation
  4.    An increase in the rate of inflation
 Discuss Question
Answer: Option C. -> An increase in progressive taxation
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 27. Gross National income is always more than Net National income because it includes ?
  1.    Foreign income
  2.    Capital consumption allowance
  3.    Indirect taxes
  4.    Direct taxes
 Discuss Question
Answer: Option B. -> Capital consumption allowance
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 28. The cause of inflation is ?
  1.    Increase in money supply
  2.    Fall in production
  3.    Increase in money supply and fall in production
  4.    Decrease in money supply and fall in production
 Discuss Question
Answer: Option C. -> Increase in money supply and fall in production
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 29. Which of the following is a withdraw from the circular flow income stream ?
  1.    Investment
  2.    Subsidies
  3.    Taxation
  4.    Consumption
 Discuss Question
Answer: Option C. -> Taxation
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 30. According to the law of demand. When ?
  1.    Price increase demand decreases
  2.    Price decreases demand decreases
  3.    Price increased demand increases
  4.    None of these
 Discuss Question
Answer: Option A. -> Price increase demand decreases
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

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