Top 80+ Solved Principles of Economics and Management MCQ Questions Answer
Q. Which of the following is also known as International Bank for Reconstruction andDevelopment?
a. Asian Development Bank
b. World Bank
c. Reserve Bank of India
d. International Monetary Fund
Q. A change in fiscal policy affects the balance of payments through:
a. The current account only
b. The capital account only
c. Both, the current account and capital account
d. Neither current account nor capital account
Q. Fiscal Policy means:
a. Policy relating to money and banking in a country
b. Policy relating to non-banking financial institutions
c. Policy relating to government spending’ taxation and borrowing
d. Policy relating to financial matters of international trade
Q. Which one of the following is NOT the objective of fiscal policy of government of India?
a. Full employment
b. Price stability
c. Regulation of inter-state trade
d. Economic growth
Q. Monetary policy is implemented by in India.
a. The Ministry of Finance
b. Planning Commission
c. The Parliament
d. Reserve Bank of India
Q. The most simple and popular method of measuring economic development is to calculatethe trend of gross national product (GNP) at __________
a. Current prices
b. Constant prices
c. Both of the above
d. None of the above
Q. By __ growth rate of an economy can be speeded up.
a. Investment in share market
b. Investment abroad
c. Investment in human capital formation
d. Investment in primary sector
Q. When national income is calculated with reference to a base year, it is called:
a. Nominal national income
b. Net national income
c. Real national income
d. Gross national income
Q. Which market structure symbolizes the existence of ‘few sellers’?
a. Oligopoly
b. Monopoly
c. Monopolistic competition
d. Perfect competition
Q. Which among the following are the factors that determine the national income of a country?
a. Quantity and Quality of factors of production
b. The state of technical knowledge
c. Economic and political stability
d. All of the above
Q. Management is a creative and ________ process.
a. Continuous
b. Technical
c. Democratic
d. None of the above
Q. Which type of strategies do professional managers help organizations in chalking out?
a. Multi-disciplinary
b. Corporate
c. Managerial
d. All of the above
Q. Management exists at the ______ level of the organization.
a. Lower
b. Middle
c. Top
d. All of the above
Q. Management is said to be the combination of
a. Arts, science and profession
b. Arts, science and engineering
c. Arts, commerce and science
d. Arts, commerce and engineering
Q. ______ is supposed to be immutable, unchanging and eternal.
a. Policy
b. Vision
c. Mission
d. All of the above