Economics MCQs

Page No. 419

GNP includes ?


aA loan from a bank


bA loan from one’s parents


c Gifts and donations


d A broker’s commission



The term “Dumping” means ?


aThe sale of the sub-standard commodity


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


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


d Smuggling of goods without paying any customs duty



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


cTo count all imports


dTo add up the value of semi-finished goods



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


aBudget for a surplus


b Cut taxes


cEncourage savings


dReduce its expenditure


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


ba more youthful population


can ageing population


dan increase in population


View Answer an ageing population

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


aNet foreign investment


b Private investment


cPer capita income of citizens


dNone of the above



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


aPer capita income


bIndustrial development


cNumber of people who have been lifted above the poverty line


dNational income


View Answer National income

Debenture holders of a company are its_______________?


aShareholders


bCreditors


cDebtors


dDirectors


View Answer Creditors

The smallest unit of ownership of a company is______________?


aA share


bA debenture


cInvest


dCapital


View Answer A share

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


aShares


b Debentures and bonds


cCommercial paper


d Government securities


View Answer Shares

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