(A) Wage rate
(B) Bank rate
(C) Interest rate
(D) Exchange rate
Tag: Economics Mcqs
Imputed gross rent of owner occupied buildings is a part of?
(A) Intermediate consumption
(B) Final consumption
(C) Capital formation
(D) Consumer durable
Free trade refers to?
(A) Unrestricted exchange of goods and service
(B) Movement of goods free of cost
(C) Free movement of goods from one country to another
(D) Trade free of duty
Economies of scale means reduction in?
(A) Total cost of distribution
(B) Total cost of production
(C) Unit cost of production
(D) Unit cost of distribution
When the total product rises at an increasing rate the?
(A) Marginal product is rising
(B) Marginal product is zero
(C) Marginal product is falling
(D) Marginal product remains constant
Laissez-Faire term is associated with which form of economy?
(A) Mixed economy
(B) Socialist economy
(C) Capitalist economy
(D) Command economy
Supply of agricultural products is generally?
(A) Elastic
(B) Inelastic
(C) Perfectly elastic
(D) Perfectly inelastic
Permission given to a bank customer to draw cheques in excess of his current account balance is called?
(A) An ordinary loan
(B) A personal loan
(C) Discounting a bill of exchange
(D) An overdraft