A. Converting rupee into gold
B. Lowering of the value of one currency in comparison of some foreign currency
C. Making rupee dearer in comparison to some foreign currency
D. None of these
Economics Mcqs
With whom would you associate the following quote” The business of business is business” ?
A. Milton Friedman
B. Adam smith
C. Alfred Marshal
D. Karl Marx
Which of the following groups suffer the most from inflation ?
A. Debtors
B. Creditors
C. Business class
D. None of these
Which of the following is an example of government policy that could reduce inflation ?
A. increasing bank lending
B. increasing import duties
C. reducing government expenditure
D. None of these
What can a central bank increase in order to reduce consumer borrowing ?
A. commercial bank deposits
B. government bank deposits
C. government spending
D. interest rates
E. None of these
The most industrialized country in Asia is ?
A. Japan
B. South Korea
C. Taiwan
D. Malaysia
What is Black Money ?
A. Income on which payment of tax is usually evaded
B. Illegally earned money
C. Money earned through underhand deals
D. None of these
Which function is performed by both commercial banks and central banks ?
A. Acting as bankers to the government
B. Advising the government on monetary policy
C. Dealing in foreign exchange
D. Fixing the main interest rate
If saving exceeds investment the national income will ?
A. Fall
B. Rise
C. Fluctuate
D. Remain constant
Devaluation of currency helps to promote ?
A. National income
B. Saving
C. Imports at lower cost
D. Exports