📊Economics MCQs
Economics MCQs
451 MCQs441
Disposable income is:
📊EconomicsBy: Areesha Khan Disposable income is the income left after taxes
AThe same as personal income
BIncome that is used only for consumption
CPersonal income remaining after income taxes
DExclusive of social security payments or welfare
442
The Human Development Index (HDI) ranks all countries on the scale of:
📊EconomicsBy: Areesha Khan
A0 to 1
B1 to 100
C-1 to +1
DNone of these
443
Monopolistic Competition is different from Perfect Competition because of:
📊EconomicsBy: Areesha Khan
AThe large number of firms in the industry
BThe lack of barriers to entry and exit of firms
CThe low level of price competition in Monopolistic Competition
DThe high level of price competition in Monopolistic Competition
444
The account in balance of payment that consists of all transactions in financial assets is known as:
📊EconomicsBy: Areesha Khan
ACapital account
BCurrent account
COfficial Reserve account
DNone of these
445
LM curve represents:
📊EconomicsBy: Areesha Khan
AEquilibrium in goods market
BBudget balance
CEquilibrium in financial market
DNone of these
446
Classical economics is the:
📊EconomicsBy: Areesha Khan
ASupply side economics
BDemand side economics
CBoth (A) & (B)
DNone of these
447
Which of the following is not a component of GDP?
📊EconomicsBy: Areesha Khan
AConsumption by households
BInvestment by firms
CPublic Spendings
DRate of unemployment
448
The relationship between inflation and unemployment is represented by:
📊EconomicsBy: Areesha Khan
AOkun’s law
BPhillips curve
CSay’s law
DU-shape curve
449
Increase in supply of money will positively affect:
📊EconomicsBy: Areesha Khan
AEconomic growth of the country
BRate of unemployment
CLabour force participation rate
DRate of inflation
450
Automatic stabilizers are one of the __________ policy tools.
📊EconomicsBy: Areesha Khan
AMonetary
BTrade
CFiscal
DInvestment