Economics MCQs

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Economics Quiz

1 / 25

In the long run in a perfect competition;-

2 / 25

Wealth of Nation was written by:-

3 / 25

The three fundamental economic problems every human society must confront and resolve are:-

4 / 25

Government securities:-

5 / 25

Speculative demand of money depends upon:-

6 / 25

If the real wage is too high in the labour market:-

7 / 25

Supply side policies are most appropriate to cure:-

8 / 25

The hypothesis that people know the 'true model' of the economy is the:-

9 / 25

Less developed countries tend to have:-

10 / 25

Govt. prepares its budget:-

11 / 25

If the minimum wage is set above the equilibrium wage rate then, other things unchanged:-

12 / 25

Who is considered the founder of macroeconomics:-

13 / 25

Tariffs _____ government earning from the tax;-

14 / 25

If a person is interested to earn income he should deposits his money in:-

15 / 25

Demand pull inflation may be caused by:-

16 / 25

An increase in aggregate demand will have most effect on prices if:-

17 / 25

A mixed economy:-

18 / 25

Name the organization which publishes the Consumer Confidence index:-

19 / 25

In a recession, GDP:-

20 / 25

A fall in the external value of the currency may lead to a movement along the ____-- for a currency:-

21 / 25

National bank is a:-

22 / 25

A fall in the value of pound is likely to decrease spending on imports if:-

23 / 25

Increased level of consumption:-

24 / 25

An increase in interest rates:-

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An outward shift in demand for money , other things being equal should lead to:-

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