Economics Mcqs

A. Increase in taxation
B. Increase in savings
C. Increase in govt. spending
D. Decrease in consumption spending

A. NI
B. NNP
C. GNP
D. Consumption

A. A loan from a bank
B. A loan from one’s parents
C. Gifts and donations
D. A broker’s commission

A. The sale of the sub-standard commodity
B. Sale in a foreign market of a commodity at a price below marginal cost
C. Sale in a foreign market of a commodity just at marginal cost without too much of profit
D. Smuggling of goods without paying any customs duty

A. To add up the values of goods and services for one year
B. Add up all savings
C. To count all imports
D. To add up the value of semi-finished goods

A. Budget for a surplus
B. Cut taxes
C. Encourage savings
D. Reduce its expenditure

A. a fall in living standards
B. a more youthful population
C. an ageing population
D. an increase in population

A. Net foreign investment
B. Private investment
C. Per capita income of citizens
D. None of the above

A. Per capita income
B. Industrial development
C. Number of people who have been lifted above the poverty line
D. National income

A. Shareholders
B. Creditors
C. Debtors
D. Directors