Top 80+ Solved Principles of Economics and Management MCQ Questions Answer
Q. Where is exchange of goods and services take place?
a. Company
b. Production
c. Market
d. None of the above
Q. _______ refers to a market with a single seller.
a. Monopoly
b. Oligopoly
c. Perfect competition
d. All of the above
Q. Full form of GNP.
a. Gross Natural Price
b. Global Natural Product
c. Global National Price
d. Gross National Product
Q. Full form of GDP.
a. Gross Domestic Products
b. Global Domestic Products
c. Gross Domestic Price
d. Global Domestic Price
Q. What is Disposable Personal Income?
a. DPI = PI – Income Tax paid
b. DPI = Income Tax paid – PI
c. DPI = PI – PI
d. None of the above
Q. _______ is about not having enough money to meet basic needs including Food,Clothing and Home.
a. Poverty
b. Labor
c. Unemployment
d. None of the above
Q. A situation in which a person is jobless is knows as _____.
a. Poverty
b. Labor
c. Unemployment
d. None of the above
Q. Which is the types of unemployment?
a. Cyclical unemployment
b. Structural unemployment
c. Seasonal unemployment
d. All of the above
Q. ______ is defined as a continuous increase in the general level of prices for goods andservices
a. Poverty
b. Inflation
c. Unemployment
d. None of the above
Q. _______ is an economic good that acts as a medium of exchange in transaction.
a. Money
b. Production
c. Equipment
d. None of the above
Q. Identify the function of money.
a. Medium of exchange
b. Measure of value
c. Store of value
d. All of the above
Q. Which one is known as plastic money?
a. Coin
b. Printed currency note
c. Credit or Debit cards
d. All of the above
Q. From which policy government adjusts its spending levels and tax rates to monitor and influence a nation’s economy.
a. Fiscal policy
b. Government policy
c. RBI policy
d. None of the above
Q. Financial activities done by bank is called _____.
a. Transaction
b. Operation
c. Banking
d. None of the above