A. Reliance Industries Ltd.
B. British Gas
C. General Motors
D. State Bank
Economics Mcqs
Who is a “Lame Duck” in a stock market ?
A. A new investor
B. A old investor
C. A member of the stock exchange who cannot meet his obligations
D. None of the above
A tax which is paid by the person on whom the tax is incident is called a ?
A. Local tax
B. Indirect tax
C. Direct tax
D. Rate
The standard of living in a country is represented by its ?
A. National income
B. Per capita income
C. Poverty ratio
D. None of these
Transfer payments means ?
A. Bank loans
B. The payment without work
C. Tax payments
D. Payments made to all factors of production
What would reduce the role of central planning in a economy ?
A. Increasing government spending
B. Increasing public ownership of firms
C. Increasing the role of markets
D. Removing the profit motive
What does price elasticity of demand measure ?
A. Changes in price caused by changes in demand
B. The rate of change of sales
C. The responsiveness of demand to price changes
D. The value of sales at a given price
What is the meaning of the term stagflation ?
A. Fall in prices due to less circulation of currency
B. Fall in employment due to declining production
C. High inflation rate combined with high unemployment and unchanged consume demand
D. None of these
We measure national income by this method ?
A. Expenditure method
B. Income method
C. Product method
D. All of the above
GNP is……………?
A. Total sales in the economy
B. Total monetary transactions in an economy
C. The market value of all goods and services produced in an economy
D. Total spending in an economy