Top 80+ Solved Macro Economics 2 MCQ Questions Answer
Q. A temporary unemployment which exists during the period of the transfer of labor fromone occupation to another is called
a. voluntary unemployment
b. involuntary unemployment
c. cyclical unemployment
d. frictional unemployment
Q. When more workers are engaged in a work than actually required to work, it is called
a. voluntary unemployment
b. involuntary unemployment
c. disguised unemployment
d. frictional unemployment
Q. The position of IS curve depends on---
a. rate of interest,
b. rate of investment,
c. autonomous expenditure
d. none of the above
Q. The curve which relates the level of income with the rate of interest which is determined bymoney- market equilibrium corresponding to different levels of demand for money is known as
a. is curve
b. lm curve
c. income curve
d. none of the above.
Q. The great depression was caused by what major event?
a. an increase in federal spending
b. the stock market crash
c. automobile workers going on strike
d. president hoover announcing a war
Q. The financial crisis of 2007-08 originated in the following country.
a. us
b. uk
c. russia
d. india
Q. During the financial crisis of 2007-08, which financial instruments commonly came to be called “Toxic Assets”?
a. treasury bill
b. mortgaged backed securities
c. s&p stokes
d. government bonds
Q. The period of economic downturn that ensued after the financial crisis of 2007-08 andaffected many countries world-wide is called:
a. the great depression
b. the great recession
c. black friday
d. great collapse
Q. Fiscal policy in India is formulated by
a. reserve bank of india
b. planning commission
c. finance ministry
d. securities and exchange board of india
Q. Economic Survey in India is published by the
a. reserve bank of india
b. ministry of finance, government of india
c. niti aayog
d. ministry of industries, government of india
Q. Which one of the following is the largest item of expenditure of the Government of India onrevenue account?
a. defense
b. pensions
c. subsidies
d. interest payments
Q. The lowest level of economic activity is called
a. contraction
b. trough
c. recovery
d. none of the above