Economics MCQs

Page No. 418

The govt. can control inflation by______________?


aIncreasing demand for goods

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bIncreasing supply of goods

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c Increasing money supply

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d Decreasing taxes

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When stock market is falling it is_______________?


a Bearish

✓


bBullish

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cCrash

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dFall down

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View Answer Bearish

What could a government do to correct the current account deficit ?


aReduce the deficit on the balance of trade

✓


b Reduce the repayment of loans

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cReduce the surplus on the capital account

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dReduce the volume of exports

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Pakistan follows the policy of_______________?


aFixed exchange rate

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bFlexible exchange rate

✓


ccontrolled exchange rate

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dIncreasing exchange rate

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‘Forex’ stands for ?


aFor examine

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bForeign exchange

✓


cForeign exports

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dNone of these

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View Answer Foreign exchange

National income refers to ?


aMoney value of goods and and services produced in a country during a year

✓


bMoney value of stocks and shares of a country during a year.

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c Money value of capital goods produced by a country during a year.

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dNone of these

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Fiscal deficit in the budget means ?


aRevenue deficit plus the net borrowings of the government

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b Budgetary deficits plus the net borrowings of the government

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cCapital deficit plus revenue deficit

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dPrimary deficit minus capital deficit

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The sum of total income received for the services of labor, land or capital in a country is called?


a Gross domestic product

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bNational income

✓


cGross domestic income

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d Gross national income

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View Answer National income

Which of the following would increase national income ?


a Increase in taxation

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bIncrease in savings

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c Increase in govt. spending

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dDecrease in consumption spending

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Market value of all final goods and services produced in a country during a year is definition of ?


aNI

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bNNP

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cGNP

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dConsumption

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View Answer GNP

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