Economics MCQs

Page No. 399

The most industrialized country in Asia is ?


aJapan


b South Korea


cTaiwan


d Malaysia


View Answer Japan

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


acommercial bank deposits


bgovernment bank deposits


c government spending


dinterest rates


View Answer interest rates

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


aincreasing bank lending


b increasing import duties


creducing government expenditure


d None of these



Which of the following groups suffer the most from inflation ?


aDebtors


b Creditors


c Business class


dNone of these


View Answer Creditors

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


a Milton Friedman


b Adam smith


cAlfred Marshal


dKarl Marx


View Answer Milton Friedman

Devaluation means ?


aConverting rupee into gold


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


cMaking rupee dearer in comparison to some foreign currency


d None of these



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


aStagnation


bTake-off stage in economy


cStagflation


d None of these


View Answer Stagflation

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


a increase in wages


bDecrease in money supply


cDecrease in tax


dNone of these


View Answer Decrease in tax

Which of the following must always balance ?


aThe balance of visible trade


bThe balance of invisible trade


cThe balance on the current account


dThe balance of paymentsThe balance of payments



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


ainterest


b Profit


c rent


d wages


View Answer Profit

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