Basic Concepts of Economics MCQs

Term the central market for buying and selling all kind of securities ?

A. A big company
B. Stock Exchange
C. Joint stock
D. A multinational company

Deregulation is the reduction of government’s role in ?

A. Controlling Banks
B. Controlling cooperation
C. Controlling markets
D. None of them

Large payment to senior employee who is forced into retirement is called ?

A. Golden bonus
B. Golden shake hand
C. Friendly handshake
D. Golden handshake

When the stock market is down falling it is called ?

A. Bullish
B. Bearish
C. Falling
D. Crashing

The situation with increasing unemployment and inflation is terms as ?

A. Hyperinflation
B. Reflection
C. Stagflation
D. Galloping

Which of the following is regarded as a factor of production ?

A. Capital
B. Interest
C. Profit
D. None of these

Which type of income is earned only the actor of production enterprise ?

A. interest
B. Profit
C. rent
D. wages

Which of the following must always balance ?

A. The balance of visible trade
B. The balance of invisible trade
C. The balance on the current account
D. The balance of payments

Which of the following can be used for check inflation temporarily ?

A. increase in wages
B. Decrease in money supply
C. Decrease in tax
D. None of these

The period of high inflation and low economic growth is termed as ?

A. Stagnation
B. Take-off stage in economy
C. Stagflation
D. None of these

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