Q. What is Disposable Personal Income?
✅ Correct Answer: (A)
DPI = PI – Income Tax paid
Principles of Economics and Management MCQs | Page - 5
Dear candidates you will find MCQ questions of Principles of Economics and Management here. Learn these questions and prepare yourself for coming examinations and interviews. You can check the right answer of any question by clicking on any option or by clicking view answer button.
Q. _______ is about not having enough money to meet basic needs including Food, Clothing and Home.
✅ Correct Answer: (A)
Poverty
Q. A situation in which a person is jobless is knows as _____.
✅ Correct Answer: (C)
Unemployment
Q. Which is the types of unemployment?
✅ Correct Answer: (D)
All of the above
Q. ______ is defined as a continuous increase in the general level of prices for goods and services
✅ Correct Answer: (B)
Inflation
Q. _______ is an economic good that acts as a medium of exchange in transaction.
✅ Correct Answer: (A)
Money
Q. Identify the function of money.
✅ Correct Answer: (D)
All of the above
Q. Which one is known as plastic money?
✅ Correct Answer: (C)
Credit or Debit cards
Q. From which policy government adjusts its spending levels and tax rates to monitor and influence a nation’s economy.
✅ Correct Answer: (A)
Fiscal policy
Q. Financial activities done by bank is called _____.
✅ Correct Answer: (C)
Banking
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