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Economics Mcqs

What is Debt retirement…………..?

A. To write off debt
B. To reschedule debt
C. To repay debt in easy installments
D. The complete repayment of debt

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What is called a Tax on imports, exports ?

A. Drawback
B. Duty
C. Custom
D. Excise

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What do you understand by Laissez faire ?

A. Active intervention
B. Sound commercial affairs
C. Interference by the state in law and order
D. None of these

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Which is the oldest stock exchange of the world ?

A. New York stock exchange
B. Tokyo stock exchange
C. London stock exchange
D. None of them

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Inflation means ?

A. Rise in budget deficit
B. Rise in money supply
C. Rise in general price index
D. Reflection

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What is a Debenture ?

A. Certificate issued by a company promising the payment of a specified amount at a fixed rate of interest after a specified period
B. Certificate for the investment in shares
C. Certificate for the preference share
D. None of these

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The term ‘real wage’ means the money wage” ?

A. after tax
B. allowing for change in prices.
C. Plus, benefits in kind
D. plus, overtime payments.

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Which measures. taken by a government would be intended to raise the price of imports ?

A. Embargoes
B. Foreign exchange controls
C. Quotas
D. Tariffs

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An essential attribute of inflation is ?

A. Fall in production
B. Increase in prices
C. Stagflation
D. None of these

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

A. Inflation
B. Hyper-inflation
C. Deflation
D. Disinflation

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