A. Adam smith
B. David Ricardo
C. David smith
D. Adam Ricardo
Economics Mcqs
Name the organization that is managed by those who use its facilities ?
A. Limited Company
B. Society
C. Corporation
D. Cooperative
What is called amount of money to purchase the goods and services to maintain life ?
A. Cost living
B. Basic requirement
C. Cost of life
D. None of these
Reduction in the circulation of money resulting from fall of prices is known as ?
A. deflation
B. inflation
C. cost effective
D. cost
Scale for measuring the average share price and percentage change of 30 major US industrial companies is called ?
A. Nikki Index
B. NASDAQ
C. Dow Jones Index
D. Major Index
Depression is a drastic decline in a national of international economy It’s characteristic is ?
A. Decreasing business activity
B. Falling prices
C. Unemployment
D. All of these
What is Dumping ?
A. Sale of goods in large quantities with high quality
B. Sale of goods in large quantities with low quality
C. Sale of goods in large quantities and at a low price
D. Sale of goods in large quantities with high price
Gross Domestic Product (GDP) is………………?
A. Value of all economic activity with in a nation’s border
B. Economics output of a country
C. Economic activities of federal government
D. None of these
What is the period called 12-months plan of a country to use its funds ?
A. Fiscal period
B. Calendar year
C. Year unit
D. Fiscal year (FY)
What is called a country’s total financial obligations to the rest of the world ?
A. Total debt
B. Debt burden
C. National liabilities
D. External debt