Business Economics Macro MCQs

M

Mr. Dubey • 51.17K Points
Coach

Q 1. in order to influence spending on goods and services in the short-run, monetary policy is directed at directly influencing...

(A) unemployment rates.
(B) inflation rates.
(C) interest rates.
(D) economic growth rates.
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M

Mr. Dubey • 51.17K Points
Coach

Q 2. In the long run, inflation is caused by

(A) aggressive labour unions.
(B) greedy monopolists.
(C) growth in the money supply.
(D) global warming.
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M

Mr. Dubey • 51.17K Points
Coach

Q 3. Debt obligations of the government that have maturities of one year or less is normally called

(A) Commercial Papers
(B) Commercial Deposits
(C) Treasury Bills
(D) Certificate of Deposits
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M

Mr. Dubey • 51.17K Points
Coach

Q 4. Public Debt means

(A) Borrowing by a Government from abroad and does not include borrowing from within the country
(B) Borrowing by general public, private individuals or association of individuals from the Government which they need to repay to Government under the prescribed terms and conditions
(C) Borrowing by General Public in the form of loans or advances from the Government, Local Bodies, Government owned financial institutions
(D) Borrowing by a Government from within the country or from abroad, from private individuals or association of individuals or from banking and non-banking institutions
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M

Mr. Dubey • 51.17K Points
Coach

Q 5. Which of the following statement is INCORRECT with regard to the burden of public debt of a country?

(A) If the public debt is taken for productive purposes it will not be a burden on the economy.
(B) If the public debt is taken for unproductive purposes, it will impose both money burden and real burden on the economy.
(C) In case of Internal Debt, the direct money burden on the economy is huge as transfer of wealth happens within the community
(D) In the case of External debt, the amount of repayment of interest and principal represents the direct money burden on the community
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M

Mr. Dubey • 51.17K Points
Coach

Q 6. Which of the following are the causes of public debt of a country?

(A) War or war-preparedness, including nuclear programmes
(B) To cover the budget deficits on current account
(C) To undertake public welfare schemes
(D) All of the above
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M

Mr. Dubey • 51.17K Points
Coach

Q 7. Which of the following factors contribute to public debt of a country?

(A) To undertake public welfare
(B) Urge for economic growth
(C) Inefficiencies of public organisations and corruption
(D) All of the above
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M

Mr. Dubey • 51.17K Points
Coach

Q 8. Taxes are levied to

(A) Provide general benefits to the People
(B) Encourage people on unnecessary spending
(C) Accumulate funds for the Government for future use
(D) All of the above
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M

Mr. Dubey • 51.17K Points
Coach

Q 9. The role of Government would be highest in which of the following type of economy:

(A) Free market economy
(B) Keynesian Economy
(C) Mixed Economy
(D) Socialist Economy
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Mr. Dubey • 51.17K Points
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Q 10. In a free market economy, self-interested individuals operate through a system of mutual interdependence to promote the general benefit of society at large. Adam Smith referred this as:

(A) Invisible hand
(B) Direct Intervention
(C) Collective Spirit
(D) Private Spirit
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