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Economics
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Question-1
Full employment does not mean achieving ________________ level of unemployment.
(A)
Zero
(B)
Finite
(C)
Infinite
(D)
None of these
Question-2
The rate of savings could be increased through __________________
(A)
Forced savings
(B)
Increasing rate of interest
(C)
Impose new taxes
(D)
All of these
Question-3
The situation in which there is no change in level of output and employment is known as ________________
(A)
Economic growth
(B)
Economic instability stability
(C)
Economic stability
(D)
None of these
Question-4
large changes in prices would lead to __________________
(A)
Insatbility
(B)
Uncertainty
(C)
Business failures
(D)
All of these
Question-5
______________ is used to control inflation.
(A)
Fiscal policy
(B)
Contractionary fiscal policy
(C)
Expansionary fiscal policy
(D)
None of these
Question-6
________________ level of inflation stimulates the economic growth.
(A)
Mild
(B)
Very low
(C)
High
(D)
All of these
Question-7
Keynes argued that fluctuation in employment and output are due to fluctuation in ________________
(A)
Deflation
(B)
Higher levels of output
(C)
Private expenditure
(D)
None of these
Question-8
The aim of fiscal policy in less developed country (LDC?s) is to __________________
(A)
Reduce inflation
(B)
faster economic growth
(C)
Reduce inequalities
(D)
All of these
Question-9
Fiscal policy as an economic tool popularized in _______________
(A)
1910
(B)
1920
(C)
1930
(D)
None of these
Question-10
Increasing money supply in the economy through increasing the money supply is known as _________________
(A)
Revenue policy
(B)
Expendiure policy
(C)
Deficit financing
(D)
None of these
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Plus 2 Humanities
ICSE/ISC
Practice in Related Chapters
Micro Economic Theory
Theory of Consumer Behavior; Marginal Utility and Indifference Curve Analysis
Law of Supply and Price Elasticity of Supply
Laws of Returns - Returns to a Factor and Returns to Scale
Demand and Law of Demand
Elasticity of Demand
Cost and Revenue Analysis
FORMS OF MARKET
EQUILIBRIUM OF FIRM
Determination of Equilibrium Price and Output Under Perfect Competition Monopoly and Monopolistic
Equilibrium Price: Market Price
Nature of Goods and Services Produced
National Income Aggregates
INTERNATIONAL TRADE; NEED AND BASIS
Balance of Payments
Theory of Distribution: Marginal Productivity Theory and Determination of Wages
Public Expenditure
PUBLIC DEBT
Fiscal Policy and Deficit Financing
The Theory of Distribution: Rent, Interest and Profit
National Income and Circular Flow of Income
Measurement of National Income
- GOVERNMENT BUDGET
PUBLIC FINANCE;TAXATION
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