Economics MCQs 4 Welcome to Shaheen Leader Academy We expect 100% result. Click on Start Button. Your time is Ended. Thanks Economics Quiz 1 / 25 In the long run in a perfect competition;- Firms are productively efficient The price equals the marginal revenue The price equals the total revenue 2 / 25 Wealth of Nation was written by:- Malthus Newton Adam Smith Marshall 3 / 25 The three fundamental economic problems every human society must confront and resolve are:- what, how and for whom what, where and when none of these what, how and when 4 / 25 Government securities:- mean currency are near money Both a, b are brought and sold on stock exchange market 5 / 25 Speculative demand of money depends upon:- Investment rate of investment Central bank Income 6 / 25 If the real wage is too high in the labour market:- The quantity demand of labor is equal the quantity suplied None of them The quantity demand of labor is lower than the quantity suplied The quantity demand of labor is higher than the quantity suplied 7 / 25 Supply side policies are most appropriate to cure:- None of them Involuntary unemployment Voluntary unemployment Cyclical unemployment 8 / 25 The hypothesis that people know the 'true model' of the economy is the:- Active - expectations hypothesis Rational- expectations hypothesis Static - expectations hypothesis Adaptive - expectations hypothesis 9 / 25 Less developed countries tend to have:- A slow population growth rate A low literacy rate High life expectancy A high average age 10 / 25 Govt. prepares its budget:- Weekly Monthly Annually Quarterly 11 / 25 If the minimum wage is set above the equilibrium wage rate then, other things unchanged:- There will be equilibrium in the labour market There will be excess supply in the labour market There will be excess demand in the labour market 12 / 25 Who is considered the founder of macroeconomics:- John Keynas Friedrich Milton Friedman Adam Smith 13 / 25 Tariffs _____ government earning from the tax;- Increase Decrease 14 / 25 If a person is interested to earn income he should deposits his money in:- Saving account Profit and loss account time deposite Demand deposite 15 / 25 Demand pull inflation may be caused by:- Reduce the interest rate An increase in costs An outward shift in aggregate supply An reduction in government spending 16 / 25 An increase in aggregate demand will have most effect on prices if:- Aggregate demand is price inelastic Aggregate supply is price inelastic Aggregate supply has a unitary price inelastic Aggregate supply is price elastic 17 / 25 A mixed economy:- Has demand but no supply Has supply but no demand Both of them Has market forces and government internention 18 / 25 Name the organization which publishes the Consumer Confidence index:- SEBI RBI NABARD State Bank of India 19 / 25 In a recession, GDP:- Grows slowly Grows negatively Grows by 0% Grows rapidly 20 / 25 A fall in the external value of the currency may lead to a movement along the ____-- for a currency:- Demand curve None of them Supply curve Both of these 21 / 25 National bank is a:- Specialised bank Microfinance bank Private bank' Public Sector bank 22 / 25 A fall in the value of pound is likely to decrease spending on imports if:- The price elasticity of demand for import is unit price elastic The price elasticity of demand for import is price elastic The price elasticity of demand for export is price elastic The price elasticity of demand for import is price inelastic 23 / 25 Increased level of consumption:- Shift aggregate supply to the right Shift aggregate demand to the right Shift aggregate supply to the left Shift aggregate demand to the left 24 / 25 An increase in interest rates:- Is likely to reduce the values of the currency Leads to a movement along the MEC schedule Is likely to reduce savings All of them 25 / 25 An outward shift in demand for money , other things being equal should lead to:- A higher interest rate A lower interest rate Your score is LinkedIn Facebook Twitter VKontakte Restart quiz Apply Here for Online Registration Contact For any query please call at +92-3332225389 Facebook-f Twitter Google-plus-g Instagram Dribbble Youtube