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MCQs 1: International resources shared by all countries e.g ocean, air etc?

Global environment facility Global commons Global reserves None
Answer Explanation

MCQs 2: Situation in which govt. intervention in an economy worsens outcomes__________________?

Govt. failure Market perfection Govt. inefficiency None
Answer Explanation

MCQs 3: Proportion of school aged children who don’t complete a particular school cycle ?

IIIiteracy rate Dropout rate Children un education rate All
Answer Explanation

MCQs 4: A barrier to the attainment of a set target in a particular period of time?

Economic inefficient Economic integration Economic constraint None
Answer Explanation

MCQs 5: All international changes in ownership of merchandise passing across the customs borders of trading countries?

Merchandise trade balance International trade laws Trade barriers Merchandise imports and exports
Answer Explanation

MCQs 6: Sum total of currency in circulation plus commercial bank demand deposits and sometimes savings bank time deposits?

Money supply Money lender National income None
Answer Explanation

MCQs 7: Loans not passed through formal banking system e.g. family loans?

Formal finance Informal finance Med term loans Long term loans
Answer Explanation

MCQs 8: The payment for the use of borrowed funds _____________?

Interest Loan Both None
Answer Explanation

MCQs 9: Discount rate that causes a project to have a net present value of zero used to rank projects in comparison with market rates of interest?

Rate or returns External rate or returns Internal rate or returns None
Answer Explanation

MCQs 10: A deliberate effort to replace major consumer imports by promoting the emergence and expansion of domestic industries such as textile, shoes etc ?

Import substitution Export substitution Autarchy Industrialization
Answer Explanation

MCQs 11: A household’s or firm’s income in the form of goods or services ?

Extra income Income in kind Fixed income None
Answer Explanation

MCQs 12: Productive investments embodied in human persons?

Fixed capital Human capital Both A and B non of these
Answer Explanation

MCQs 13: Index measuring deprivation in basic human development in a country ?

Human deprivation index Human poverty index Human development index None
Answer Explanation

MCQs 14: Monopoly and oligopoly are the examples of___________________?

Perfect competition Imperfect competition Pure competition None
Answer Explanation

MCQs 15: A demand curve shifts because of change is_____________________?

Consumer tastes Number of buyers in market Incomes All of these
Answer Explanation

MCQs 16: Other thing remain the same as price rises, the corresponding quantity supplied rises, as price falls the quantity supplied falls is___________________?

Say’s law Keynes theory of supply Law of supply None
Answer Explanation

MCQs 17: Determinant of supply is__________________?

Resource price Techniques of production Taxes a subsidies All
Answer Explanation

MCQs 18: The intersection of the supply curve and demand curve indicates ?

Market equilibrium Market demand Market condition None
Answer Explanation

MCQs 19: The coordinating mechanism of capitalism is a system of___________________?

Capital and laborers Competition Market and prices All
Answer Explanation

MCQs 20: A good and service is indivisible and to which the exclusion principle does apply is called_________________?

Public service Public good Public finance Public debt
Answer Explanation

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