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Economics
History & Civics
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Question-1
__________________ unemployment is a situation in which a person is not willing to work at the existing wage rate.
(A)
Involuntary
(B)
Voluntary
(C)
Disguised
(D)
Frictional
Question-2
________________ level of inflation stimulates the economic growth.
(A)
Mild
(B)
Very low
(C)
High
(D)
All of these
Question-3
Boom is undesirable because of __________________
(A)
Deflation
(B)
Inflation
(C)
lower levels of output
(D)
None of these
Question-4
Higher economic growth leads to reduction in _________________
(A)
Unemployment
(B)
Poverty
(C)
Inequality
(D)
All of these
Question-5
Fiscal policy as an economic tool popularized in _______________
(A)
1910
(B)
1920
(C)
1930
(D)
None of these
Question-6
_______________ is a situation in which all the people are ready to work at the existing wage rate.
(A)
Involuntary employment
(B)
Voluntary employment
(C)
Full employment
(D)
Frictional employment
Question-7
Extreme from of recession is known as _____________
(A)
Depression
(B)
Recession
(C)
Boom
(D)
Recovery
Question-8
The main feature of depression is ________________
(A)
Inflation
(B)
Higher levels of employment
(C)
Unemployment
(D)
None of these
Question-9
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
Question-10
The aim of fiscal policy in developed country aims at _______________
(A)
Control inflation
(B)
Faster economic growth
(C)
Reduce ineqalities
(D)
maintain the economic stability
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