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Basic of Economics

What is deflation________________?

September 9, 2021May 26, 2019 by admin
What is deflation________________?

A. Deficit Budget
B. Reduction in taxation
C. Increase in public expenditure
D. Reverse of inflation

Categories Basic of Economics, Economics Mcqs

Two countries can gain from foreign trade if ?

September 9, 2021May 26, 2019 by admin
Two countries can gain from foreign trade if ?

A. Cost ratios are different
B. Tariff rates are different
C. Price ratios are different
D. A and C of above

Categories Basic of Economics, Economics Mcqs

Which of the following is a valid currency______________?

September 9, 2021May 26, 2019 by admin
Which of the following is a valid currency______________?

A. Promissory note
B. Currency note
C. Exchange rate
D. Bank cheque

Categories Basic of Economics, Economics Mcqs

From each according to his ability to each according to his need is the theoretical slogan of ?

September 9, 2021May 26, 2019 by admin
From each according to his ability to each according to his need is the theoretical slogan of ?

A. Feudal System
B. Capitalist System
C. Fascist System
D. Communist System

Categories Basic of Economics, Economics Mcqs

Exchange rate of which of the following currencies falls because of persistent balance of payments deficit ?

September 9, 2021May 26, 2019 by admin
Exchange rate of which of the following currencies falls because of persistent balance of payments deficit ?

A. Gold currency
B. Hard currency
C. Silver currency
D. Soft currency

Categories Basic of Economics, Economics Mcqs

Oil is measured in barrels. What is the abbreviation for barrels________________?

September 9, 2021May 26, 2019 by admin
Oil is measured in barrels. What is the abbreviation for barrels________________?

A. Brl
B. Bel
C. Bbl
D. Obl

Categories Basic of Economics, Economics Mcqs

Commercial policy means_______________?

September 9, 2021May 26, 2019 by admin
Commercial policy means_______________?

A. Policy about markets
B. Policy about money supply
C. Policy about imports and exports
D. Policy of controlling of prices of goods

Categories Basic of Economics, Economics Mcqs

Which city in Germany has the distinction of housing the first car manufacturing plant in the world ?

September 9, 2021May 26, 2019 by admin
Which city in Germany has the distinction of housing the first car manufacturing plant in the world ?

A. Frankfurt
B. Bonn
C. Berlin
D. Stuttgart

Categories Basic of Economics, Economics Mcqs

Balance of payments of a country includes ?

September 9, 2021May 26, 2019 by admin
Balance of payments of a country includes ?

A. Balance of trade
B. Capital receipts and payments
C. Savings and investment account
D. A and B of above

Categories Basic of Economics, Economics Mcqs

Which of the following is not a function of a commercial bank?

September 9, 2021May 26, 2019 by admin
Which of the following is not a function of a commercial bank?

A. Accepting public deposits
B. Granting loan and advances
C. Undertaking agency functions
D. Banker to the government

Categories Basic of Economics, Economics Mcqs
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