(A) High Devoted Index
(B) High Development Index
(C) Human Development Index
(D) None of the above
Category: Economics Mcqs
Users will find here Economics Mcqs for NTS, CSS, PMS, PPSC, FPSC, KPPSC, AJKPSC, BPSC, PTS, SPSC, Lecturer and all other types of Competitive Exams and Interviews. Economics students can prepare their Economics Portion for all test from here.
The HDI is closely correlated with?
(A) GDP
(B) GNP
(C) Both of the above
(D) None of the above
In the process of growth domestic production replaces?
(A) Exports
(B) Savings
(C) Capital gains
(D) Imports
In case of perfect competition a firm is?
(A) Free to fire prices
(B) Independent
(C) Price taker
(D) None of the above
The first is at equilibrium where?
(A) Profit is minimum
(B) Profit is maximum
(C) Output is maximum
(D) Revenues are maximum
The main objective of the firm is to?
(A) Bear losses
(B) Avoid losses
(C) Make economic decisions
(D) Face losses
Socialism brings about:
(A) Satisfaction of consumers need
(B) Optimum utilisation of resources
(C) Equal distribution of income and wealth
(D) All of the above
Socialism means:
(A) No freedom to enterprise
(B) Complete role of government
(C) No competition
(D) All of the above