MCQ

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1.The exchange rate is kept the same in all parts of market by-
A) exchange arbitrage✔
B) Hedging
C) Interest arbitrage
D) speculation

 2. How many % surcharge is affected on below 1cr ?
1.4
2.5
3.10✔
4.15

 3. In long run under monopolistic competition profits are maximized or losses are minimized when
A.MR=MC✔
B.MR=AC=AR
C.MR>AR
D.MR<MC

 4.Harrod took which factor in his technical progress model?
A.labour✔
B. Capital
C.both
D.None

 5. The term microeconomics given by
A. John Marshall
B. J R Hicks
C. Ragnar Frisch✔
D. Simon Kuznets

 6.Transfer payment by the government are not included in the net domestic product because: 
A - These are gift from the government to the recipients 
B - They are not counted as commodities 
C - No corresponding production of goods and service has taken place to match such payment ✔
D -There may be leakages in such payment

 7.Capitalism is called market economy because
A. Producers and Consumers are free to exercise their choices
B. There is no Central authority to direct the economy
C. The economy is self driven
D. All the above✔

 8.Keynesian economics lays more emphasis on :
A.fiscal policy✔
B. monetary policy 
C.interest rate policy
D.None
9. The elasticity of supply  of exports > The elasticity of supply of imports the terms of trade (TOT) will be 
1.favourable ✔
2.unfavourable 
3.no effect
4. 1&2

 10.The elasticity of demand for exports > The elasticity of demand for imports the terms of trade (TOT) will be 1.favourable  
2.unfavourable ✔
3.no effect
4.Both

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