A. Equal
B. Different
C. Undetermined
D. Decreasing
Economics Mcqs
Which of the following would cause income to become more unequal ?
A. Increased employment
B. Increased unemployment allowance
C. More progressive taxes
D. More regressive taxes
When banks prepare their balance sheets. They show the money lent in ?
A. Liability
B. Assets
C. Both assets and liabilities
D. None
Which of the following is not an instrument of monetary policy ?
A. Taxation
B. Bank rate
C. Open-market operations
D. Credit rationing
In which capacity does a person stand to gain from deflation ?
A. As a pensioner
B. As a debtor
C. As an entrepreneur
D. As an equity-holder
Which is the most widely used tool of monetary policy ?
A. Clearing house
B. Open-market operations
C. Discount rate
D. Issuing of notes
Central bank’s rate of lending to commercial banks is called ?
A. Interest rate
B. Discount rate
C. Money rate
D. Control rate
Open market Operation is ?
A. Buying and selling bills of exchange
B. Buying and Selling govt. securities
C. Buying and selling shares of companies
D. Buying and selling foreign exchanges
Theory of comparative advantages was presented by ?
A. Adam Smith
B. Ricardo
C. Hicks
D. Barron
The branch banking system is in vogue in most countries of the world. In which country was it first developed?
A. South Africa
B. UK
C. Canada
D. Australia