Economics MCQs 29 Welcome to Shaheen Leader Academy We expect 100% result. Click on Start Button. Your time is Ended. Thanks Economics Quiz 1 / 25 Some pressure groups oppose globalization. The best economic reason for it would be:- Global standard of living may rise None of them World trade may increase World income inequality may increase 2 / 25 What would be the growth rate of India in the financial year (2021-22) as per SBI research:- 15.4% 20.4% 10.4% 12.4% 3 / 25 In perfect price discrimination the demand curve is the____:- fixed cost marginal revenue average cost marginal cost 4 / 25 When analyzing the impact of variable on the economic system the other things:- must kept constant must also be analyzed none of these must not to be taken in consideration 5 / 25 Name the organization which publishes the Consumer Confidence index:- RBI SEBI State Bank of India NABARD 6 / 25 According to Schumpeter:- Monopoly profit act as an incentive for innovation Monopolies are productively inefficient Monoplies are inefficient Monopolies are allocatively inefficient 7 / 25 A decrease in the supply of labour is likely is lead to :- A higher equilibrium wage and lower quantity of labour A lower equilibrium wage and higher quantity of labour A lower equilibrium wage and lower quantity of labour 8 / 25 The control inflation the government should increase:- Pensions Income tax Consumer spending Budget Deficit 9 / 25 Which is not involved with fiscal policy:- VAT National insurance Income tax interest rate 10 / 25 An increase in the injections into the economy may lead to:- An outward shift of aggregate demand and cost push inflation An outward shift of aggregate demand and demand pull inflation An outward shift of aggregate demand and demand full inflation 11 / 25 A shift in aggregate supply is likely to be:- Increase the general price level and reduce national income Increase the general price level and increase national income Reduce the general price level and reduce national income Reduce the general price level and increase national income 12 / 25 Value of money and supply of money are related:- Govt law Inversels Directly Are not related 13 / 25 Central bank rate of lending to commercial bank is called:- Interest rate Control rate Discount rate Money rate 14 / 25 Income inequality can be high in the free market and should be reduced'. This is an example of ______ economic statement:- Positive Judicial Formative Normative 15 / 25 An increase in a demand for a product should ______ equilibrium price and quantity:- Does not change Increase None of them Decrease 16 / 25 The marginal rate of tax paid is:- The total tax paid / total income Change in tax paid/ change in income None Both 17 / 25 The government of Punjab have the _____ items of expenditure:- 9 8 7 6 18 / 25 An injection of funds into a less developed country might set off the:- Multiplier marginal propensity to save Average propensity to consume The Laffer effect 19 / 25 A mixed economy:- Has supply but no demand Both of them Has market forces and government internention Has demand but no supply 20 / 25 If an increase in investment lead to a bigger increase in national income this is called the:- Monetarism Accelerator Aggregate demand Multiplier 21 / 25 Who advocates laissez fair:- Monetarists Neo classical Classical Modern 22 / 25 All the products which are priced in the markets are:- economic product public product none of them private product 23 / 25 The speculative demand for money occurs when:- individual hold money to buy thing Individual hold money rather than other assets None of them Individual hold money just in case an emergency happen 24 / 25 A shift in supply will have a bigger effect on price than output if demand is:- price elastic Income inelastic Income elastic price inelastic 25 / 25 A reduction in the cost of production will:- lead to the movement along the curve Shift demand curve none of them Shift supply curve Your score is LinkedIn Facebook Twitter VKontakte Restart quiz Apply Here for Online Registration