ECONOMICS QUIZ

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ECONOMICS QUIZ

This paper contains 10 multiple choice questions on ECONOMICS asked in different exams such as BHU B. Com, M. Com, M.A (Economics) entrance exams.

Points are given against each questions.

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1. How many countries are member of SAARC?( BHU B.COM 2017)

1 point

Clear selection

2. Where is the headquarter of World Trade Organisation?

1 point

Paris

Newyork

London

Geneva

Clear selection

3. OPEC was set up in: (UP GDC ASSTT. PROF EXAM 2019)

1 point

1956

1960

1965

1966

Clear selection

4. Which one among the following deficit remains highest?

1 point

Budget Deficit

Fiscal Deficit

Revenue Deficit

Primary Deficit

Clear selection

5. Which one of the following is not the basic property of indifference curves? (UGC NET COMMERCE JULY 2018)

1 point

Indifference curves have a negative slope.

Indifference curves of imperfect substitutes are concave to the origin.

Indifference curves do not intersect nor are they tangent to one another.

Upper indifference curves indicate higher level of satisfaction.

Clear selection

6.In a perfectly competitive market, a firm in the long run operates at the level of output where: (UGC NET COMMERCE JULY 2018)

1 point

AC = MC when MC is lowest

MC = AR = MR when MC is lowest

MR = MC

AR = MR =AC = MC

Clear selection

7. A graph of a cumulative frequency distribution is called: (UGC NET COMMERCE JULY 2018)

1 point

Frequency polygon

Frequency curve

Ogive

Pie diagram

Clear selection

8. In the case of classification of data, the class having its upper limit is treated as the lower limit of its next class is called: (UGC NET COMMERCE JULY 2018)

1 point

Open ended class

Close ended class

Exclusive class

Inclusive class

Clear selection

9. The certificate which evidences an unsecured corporate debt of short-term maturity, is known as:

1 point

Certificate of Deposit

Short-term loan certificate

Treasury Bill

Commercial paper

Clear selection

10. In recent years (2019) which among the following countries has been the largest source of foreign direct investment in India?

1 point

USA

Japan

Singapore

Mauritius

Clear selection

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