Economics MCQs

Page No. 420

Which of the following payment instruments introduced by the banks is known as plastic money ?


aBearer cheques


bCredit Cards


cDemand Drafts


d Gift Cheques


View Answer Credit Cards

Which is the best measure of economic growth of a country ?


aGNP


bGDP


cNet revenue


dNone of the above


View Answer GNP

Hard currency is defined as ?


aCurrency traded in foreign exchange market for which demand is persistently relative to the supply


bCurrency Which is used in times of war


cCurrency which loses its value very fast


dNone of these



National income of a country is based on ?


aThe taxes earned by the State


b The sum of all factors of income


cPersonal incomes of all the citizens


dSurplus of exports over imports



What is more likely to be found in a free market economy than in a planned economy ?


a an even distribution of income


ban incentive to innovate


ca wide range of public goods


dfull employment of labor



To what does the phrase terms of trade refer ?


athe currency exchange rate


bthe difference between the value of visible exports and visible imports


cThe government’s policies to increase exports


dthe rate at which exports are exchanged for imports



Which economics term describes the takeover of one textile manufactures by another ?


aDiversification


bhorizontal integration


cmonopoly


dvertical integration



Who among the following is most benefited from inflation ?


aGovernment pensioners


bCreditors


c Savings Bank Account holders


dDebtors


View Answer Debtors

Monetary policy is regulated by ?


aMoney lenders


bCentral Bank


cPrivate entrepreneurs


dGovernment policy


View Answer Central Bank

A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as ?


aInflation


bHyper-inflation


cDeflation


dDisinflation


View Answer Hyper-inflation

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