Economics MCQs

Page No. 399

The most industrialized country in Asia is ?


aJapan

✓


b South Korea

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cTaiwan

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d Malaysia

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View Answer Japan

What can a central bank increase in order to reduce consumer borrowing ?


acommercial bank deposits

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bgovernment bank deposits

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c government spending

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dinterest rates

✓


View Answer interest rates

Which of the following is an example of government policy that could reduce inflation ?


aincreasing bank lending

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b increasing import duties

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creducing government expenditure

✓


d None of these

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Which of the following groups suffer the most from inflation ?


aDebtors

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b Creditors

✓


c Business class

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dNone of these

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View Answer Creditors

With whom would you associate the following quote” The business of business is business” ?


a Milton Friedman

✓


b Adam smith

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cAlfred Marshal

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dKarl Marx

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View Answer Milton Friedman

Devaluation means ?


aConverting rupee into gold

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bLowering of the value of one currency in comparison of some foreign currency

✓


cMaking rupee dearer in comparison to some foreign currency

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d None of these

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The period of high inflation and low economic growth is termed as ?


aStagnation

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bTake-off stage in economy

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cStagflation

✓


d None of these

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View Answer Stagflation

Which of the following can be used for check inflation temporarily ?


a increase in wages

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bDecrease in money supply

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cDecrease in tax

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dNone of these

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View Answer Decrease in tax

Which of the following must always balance ?


aThe balance of visible trade

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bThe balance of invisible trade

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cThe balance on the current account

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dThe balance of paymentsThe balance of payments

✓



Which type of income is earned only the actor of production enterprise ?


ainterest

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b Profit

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c rent

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d wages

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View Answer Profit

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