Economics Mcqs

This set of General Line Subjects Multiple Choice Questions and Answers (MCQs) focuses on “ Economics ”.These MCQS are chosen from a collection of most authoritative and best reference books on Economics and recent past Exams and Papers . Our aim is to prepare an individual for competitive exams like like CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other specialized departmental exam. One should practice our MCQS to assimilate Economics Subject comprehensively.

1.
If inflation is 8 percent and the real interest rate is 3 percent, then the nominal interest rate must be ?

A. 3/8 percent

B. 5 percent

C. 11 percent

D. 24 percent

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2.
Large payment to senior employee who is forced into retirement is called ?

A. Golden bonus

B. Golden shake hand

C. Friendly handshake

D. Golden handshake

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3.
The largest group to Which a person belongs is______________?

A. triad

B. family

C. primary

D. society

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4.
If, in the long run, people adjust their price expectations so that all prices and incomes move proportionately to an increase in the price level then the long-run Phillips curve ?

A. is vertical

B. is negatively sloped

C. has a slope that is determined by how fast people adjust their price expectations

D. is positively sloped

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5.
If both marginal cost and marginal revenue increase, a firm ?

A. Should increase output

B. Should reduce output

C. will require further information on how to respond

D. Should not change output

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7.
In Western Europe in 9th C, originated military and social system in which a nobleman would grant the use of land to servant in return for service which is often military, and duty, Name the system ?

A. Military system

B. Land based system

C. Feudal system

D. Rural system

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8.
Which of the following is not true about how people make decisions ?

A. people give too much weight to a small number of vivid observations

B. People are sometimes too sure of their own abilities

C. All of these answers are actually true statements about how people make decisions.

D. People are always rational maximizers

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9.
Which of the following is a withdraw from the circular flow income stream ?

A. Investment

B. Subsidies

C. Taxation

D. Consumption

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10.
Which of the following is not a characteristic of a monopolistically competitive market ?

A. free entry and exit

B. long run economic profits

C. many sellers

D. differentiated products

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11.
Social scientists explain the incest taboo as_______________?

A. biologically programmed

B. a religious universal

C. way of reducing family conflict

D. all of the above

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12.
What effect is working when the price of a good falls and consumers tend to buy it instead of other goods ?

A. The ceteris paribus effect

B. The diminishing marginal utility effect.

C. The substitution effect

D. The income effect

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13.
The policy that has been the most successful in increasing agricultural output in developing countries is ?

A. mechanization

B. land reform

C. import substitution

D. produce marketing boards

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14.
An increase in national income is ?

A. Likely in increase exports

B. Likely to decrease savings

C. Likely to decrease investment

D. Likely to increase spending on imports

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15.
The favorable evaluation of presidents is based on______________?

A. the caretaker role

B. strict adherence to the written Constitution

C. dynamic political leadership

D. the teflon principle

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16.
Which term is used for the value imprinted on a security ?

A. Real value

B. Net value

C. Par value

D. Gross value

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General Subjects

Business

Economics Mcqs

Computer MCQS

Sciences MCQS

1. If inflation is 8 percent and the real interest rate is 3 percent, then the nominal interest rate must be ?

Answer & Solution

2. Large payment to senior employee who is forced into retirement is called ?

Answer & Solution

3. The largest group to Which a person belongs is______________?

Answer & Solution

4. If, in the long run, people adjust their price expectations so that all prices and incomes move proportionately to an increase in the price level then the long-run Phillips curve ?

Answer & Solution

5. If both marginal cost and marginal revenue increase, a firm ?

Answer & Solution

7. In Western Europe in 9th C, originated military and social system in which a nobleman would grant the use of land to servant in return for service which is often military, and duty, Name the system ?

Answer & Solution

8. Which of the following is not true about how people make decisions ?

Answer & Solution

9. Which of the following is a withdraw from the circular flow income stream ?

Answer & Solution

10. Which of the following is not a characteristic of a monopolistically competitive market ?

Answer & Solution

11. Social scientists explain the incest taboo as_______________?

Answer & Solution

12. What effect is working when the price of a good falls and consumers tend to buy it instead of other goods ?

Answer & Solution

13. The policy that has been the most successful in increasing agricultural output in developing countries is ?

Answer & Solution

14. An increase in national income is ?

Answer & Solution

15. The favorable evaluation of presidents is based on______________?

Answer & Solution

16. Which term is used for the value imprinted on a security ?

Answer & Solution

Engineering MCQS

General Subjects MCQS

1.
If inflation is 8 percent and the real interest rate is 3 percent, then the nominal interest rate must be ?

2.
Large payment to senior employee who is forced into retirement is called ?

3.
The largest group to Which a person belongs is______________?

4.
If, in the long run, people adjust their price expectations so that all prices and incomes move proportionately to an increase in the price level then the long-run Phillips curve ?

5.
If both marginal cost and marginal revenue increase, a firm ?

7.
In Western Europe in 9th C, originated military and social system in which a nobleman would grant the use of land to servant in return for service which is often military, and duty, Name the system ?

8.
Which of the following is not true about how people make decisions ?

9.
Which of the following is a withdraw from the circular flow income stream ?

10.
Which of the following is not a characteristic of a monopolistically competitive market ?

11.
Social scientists explain the incest taboo as_______________?

12.
What effect is working when the price of a good falls and consumers tend to buy it instead of other goods ?

13.
The policy that has been the most successful in increasing agricultural output in developing countries is ?

14.
An increase in national income is ?

15.
The favorable evaluation of presidents is based on______________?

16.
Which term is used for the value imprinted on a security ?