Economics MCQs

Page No. 419

GNP includes ?


aA loan from a bank

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bA loan from one’s parents

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c Gifts and donations

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d A broker’s commission

✓



The term “Dumping” means ?


aThe sale of the sub-standard commodity

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bSale in a foreign market of a commodity at a price below marginal cost

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cSale in a foreign market of a commodity just at marginal cost without too much of profit

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d Smuggling of goods without paying any customs duty

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To determine the correct level of GNP, it is necessary to ?


aTo add up the values of goods and services for one year

✓


bAdd up all savings

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cTo count all imports

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dTo add up the value of semi-finished goods

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What can a government do to increase demand in its economy ?


aBudget for a surplus

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b Cut taxes

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cEncourage savings

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dReduce its expenditure

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View Answer Cut taxes

Which situation will a country face, if the birth rate falls sharply, while the death rate remains unchanged ?


a a fall in living standards

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ba more youthful population

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can ageing population

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dan increase in population

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View Answer an ageing population

Which of the following is not required while computing Gross National Product (GNP) ?


aNet foreign investment

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b Private investment

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cPer capita income of citizens

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dNone of the above

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Rate of growth of an economy is measured in terms of________________?


aPer capita income

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bIndustrial development

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cNumber of people who have been lifted above the poverty line

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dNational income

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View Answer National income

Debenture holders of a company are its_______________?


aShareholders

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bCreditors

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cDebtors

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dDirectors

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View Answer Creditors

The smallest unit of ownership of a company is______________?


aA share

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bA debenture

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cInvest

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dCapital

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View Answer A share

Which of the following is not rated by credit rating agencies ?


aShares

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b Debentures and bonds

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cCommercial paper

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d Government securities

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View Answer Shares

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