This is a series of mcq questions on Economics.

1. 'EQPQOKEU
/%3
3WGUVKQP$CPM
5GTKGU
3WGUVKQPU

2. 9JGPVJGOCTMGVUWRRN[EWTXG
HQTCEQOOQFKV[KUPGICVKXGN[
UNQRGFYGJCXGCECUGQH
#6JGUVCDNGGSWKNKDTKWO
$2CTVKCNGSWKNKDTKWO
%6JGIGPGTCNGSWKNKDTKWO
0QPGQHVJGCDQXGWPNGUU
CFFKVKQPCNKPHQTOCVKQPKUIKXGP
'EQPQOKUVUCUUQEKCVGF
YKVJVJGFGXGNQROGPVQH
KPFKHHGTGPEGEWTXGCPCN[UKUCTG
#*KEMUCPF4QDDKPU
$*KEMUCPF#NNGP
%/CTUJCNNCPF*KEMU
*KEMUCPF9CNTCU
2WTGOQPQRQN[GZKUVU
#9JGPVJGTGKUCUKPINGRTQFWEGT
YKVJENQUGUWDUVKVWVGU
$9JGPVJGTGKUCUKPINGRTQFWEGT
YKVJQWVCP[ENQUGUWDUVKVWVGU
%9JGPVJGTGKUCUKPINGRTQFWEGT
9JGPCHGYRTQFWEGTUEQPVTQN
VJGKPFWUVT[
#PUYGT
E
#PUYGT
E
#PUYGT
F
#PUYGT
D
7PFGTOQPQRQN[VJGUWRRN[EWTXG
KUCDUGPVDGECWUG
#6JGTGKUPQGPVT[HQTQVJGTU
$6JGOQPQRQNKUVCNYC[UOCMGU
RTQHKV
%'SWKNKDTKWOKPXQNXGU/%/4CPF
/%2
6JGOQPQRQNKUVEQPVTQNUVJG
UWRRN[

3. /CPCIGTKCNGEQPQOKEUECPPQVDG
WUGFVQKFGPVKH[
#OKETQGEQPQOKEEQPUGSWGPEGUQH
OCPCIGTKCNDGJCXKQT
$JQYOCETQGEQPQOKEHQTEGUCHHGEV
VJGQTICPKCVKQP
%IQCNUQHVJGQTICPKCVKQP
YC[UVQGHHKEKGPVN[CEJKGXGVJG
QTICPKCVKQP UIQCNU
)QUUGPņU5GEQPFNCYUVCVGUVJCV
#6JGEQPUWOGTUEQPUWOGQPN[YJGP
bbbb2Z2[/7O
$9JGPVJGKPEQOGKPETGCUGUVJGOQPG[
XCNWGQTTGCNKPEQOGYKNNFGETGCUG
%1PEGCRGTUQPJCUURGPVJKUGPVKTG
KPEQOGJGYQWNFJCXGOCZKOKUGFJKUVQVCN
RNGCUWTGHTQOKVQPN[KHVJGUCVKUHCEVKQP
ICKPGFHTQOVJGNCUVKVGOQHGCEJEQOOQFKV[
DQWIJVYCUVJGUCOG
0QPGQHVJGUG
1PGGSWCVGURTKEGCPF/%VQ
OCZKOKUGRTQHKVVJGQVJGTQPG
GSWCVGU/%CPF/4HQTVJGUCOG
RWTRQUGVJG[CTG
#/QPQRQNKUVCPFRGTHGEVEQORGVKVQT
$1NKIQRQNKUVCPFOQPQRQNKUV
%/QPQRQNKUVCPFRGTHGEVEQORGVKVQT
2GTHGEVEQORGVKVQTCPFFWQRQNKUV
#PUYGT
%
#PUYGT
%
#PUYGT
%
#PUYGT
#
6JGUWDUVKVWVKQPGHHGEVYQTMUVQ
GPEQWTCIGCEQPUWOGTVQRWTEJCUGOQTGQHC
RTQFWEVYJGPVJGRTKEGQHVJCVIQQFUKU
HCNNKPIDGECWUG
#1VJGTRTQFWEVUCTGPQYNGUUGZRGPUKXG
VJCPDGHQTG
$6JGEQPUWOGT UTGCNKPEQOGJCUFGETGCUGF
%6JGRTQFWEVKUPQYTGNCVKXGN[NGUU
GZRGPUKXGVJCPDGHQTG
6JGEQPUWOGT UTGCNKPEQOGJCUKPETGCUGF

4. 12'%KUCPGZCORNGQH
VJGV[RGQHRTQFWEGT U
QTICPKUCVKQPMPQYPCUC
#6TWUV
$2TQFWEGT U%QQRGTCVKXG
%/CTMGVKPIDQCTF
%CTVGN
#TKIJVYCTFUUJKHVKP
UWRRN[EWTXGKPFKECVGU
##PKPETGCUGKPSWCNKV[
UWRRNKGF
$#FGETGCUGKPUWRRN[
%#PKPETGCUGKPUWRRN[
0QPGQHVJGCDQXG
6JGVQVCNWVKNKV[KU
OCZKOWOYJGP
#/7KUGTQ
$/7KUGSWCNVQ#7
%/7KUVJGJKIJGUV
#7KUVJGJKIJGUV
#PUYGT
$
#PUYGT
%
#PUYGT
#PUYGT
#
+PETGCUKPITGVWTPUVQUECNG
ECPDGGZRNCKPGFKPVGTOUQH
#'ZVGTPCNCPFKPVGTPCN
FKUGEQPQOKGU
$'ZVGTPCNCPFKPVGTPCNGEQPQOKGU
%'ZVGTPCNFKUGEQPQOKGUCPF
KPVGTPCNGEQPQOKGU
1RVKOWOHCEVQTEQODKPCVKQP

5. #RGTHGEVN[EQORGVKVKXGKPFWUVT[
DGEQOGUCOQPQRQN[YKVJVJGUCOG
EQUVEQPFKVKQPUKVYKNNPQYUGNN
##NCTIGTQWVRWVCVCJKIJGTRTKEG
$#NCTIGTQWVRWVCVVJGQNFRTKEG
%#PWPEJCPIGFQWVRWVCVCJKIJGT
RTKEG
#TGFWEGFQWVRWVCVCJKIJGTRTKEG
6JGGNCUVKEKV[QH
UWDUVKVWVKQPDGVYGGPVYQKPRWVU
KP%'5RTQFWEVKQPHWPEVKQP
#GETGCUGUEQPVKPWQWUN[
$+PETGCUGUEQPVKPWQWUN[
%4GOCKPUEQPUVCPV
0QPGQHVJGUG
1PCPKPFKHHGTGPEGOCRKHVJG
KPEQOGEQPUWORVKQPEWTXGUNQRGU
FQYPYCTFUVQVJGTKIJVKVUJQYUVJCV
#$QVJ:CPF;CTGUWRGTKQTIQQFU
$;KUCPKPHGTKQTIQQF
%:KUCPKPHGTKQTIQQF
$QVJ:CPF;CTGKPHGTKQTIQQFU
#PUYGT
#PUYGT
%
#PUYGT
#PUYGT
$
6JGCFXGTVKUGOGPVEQUVKU
KPENWFGFKP
##NYC[UKPXCTKCDNGEQUV
$5QOGVKOGUKPHKZGFEQUV
UQOGVKOGUKPXCTKCDNGEQUV
%(KZGFEQUV
0GXGTKPENWFGFKPXCTKCDNG
EQUV

6. #RGTHGEVN[EQORGVKVKXGHKTOYKNN
CNYC[UGZRCPFQWVRWVCUNQPICU
#4KUKPIOCTIKPCNEQUVKUNGUUVJCP
VJGCXGTCIGEQUV
$4KUKPIOCTIKPCNEQUVKUNGUUVJCP
VJGOCTIKPCNTGXGPWG
%4KUKPIOCTIKPCNEQUVKUNGUUVJCP
RTKEG
0QPGQHVJGCDQXG
7PFGTDKNCVGTCNOQPQRQN[VJG
RTKEGKUJKIJGTKH
#6JGOQPQRQNKUVJCUJKUYC[
$6JGOQPQRUQPKUVJCUJKUYC[
%6JGOQPQRQNKUVCEVUCUC
EQORGVKVQT
6JGOQPQRUQPKUVUGNNUJKUQYP
RTQFWEVKPCOQPQRQN[OCTMGV
'ZRCPFKPIQWVRWVVKNNVJG
TKUKPIOCTIKPCNEQUVKUNGUUVJCP
RTKEGKUVJGPCVWTGQH
#2GTHGEVN[EQORGVKVKXGKPFWUVT[
$2GTHGEVN[EQORGVKVKXGOCTMGV
%2GTHGEVN[EQORGVKVKXGHKTO
+ORGTHGEVN[EQORGVKVKXG
OCTMGV
#PUYGT
#PUYGT
#
#PUYGT
#PUYGT
#PGPVTGRTGPGWTYKNNUVC[
KPDWUKPGUUKPVJGNQPITWPCU
NQPICUJGOGGVU
#8CTKCDNGEQUVUQHRTQFWEVKQP
$(KZGFEQUVUQHRTQFWEVKQP
%#NNEQUVUQHRTQFWEVKQP
0QPGQHVJGUG

7. 1VJGTVJKPIUTGOCKPKPIVJGUCOG
YJGPCEQPUWOGT UKPEQOGKPETGCUGU
JKUGSWKNKDTKWORQKPVOQXGUVQ
##JKIJGTKPFKHHGTGPEGEWTXG
$/QXGUVQVJGNGHVJCPFUKFGQPVJG
UCOGKPFKHHGTGPEGEWTXG
%4GOCKPUWPEJCPIGFQPVJGUCOG
KPFKHHGTGPEGEWTXG
#NQYGTKPFKHHGTGPEGEWTXG
#PKPFKHHGTGPEGEWTXGKU
CNYC[U
##XGTVKECNUVTCKIJVNKPG
$%QPXGZVQVJGQTKIKP
%%QPECXGVQVJGQTKIKP
#JQTKQPVCNUVTCKIJVNKPG
+HVJGRTKEGKUUVCVWVQTKN[
HKZGFCPFGSWCNVQ/%
OQPQRQN[RTQHKVUYKNNDG
##VUCOGNGXGN
$GETGCUGF
%'NKOKPCVGF
+PETGCUGF
#PUYGT
$
#PUYGT
$
#PUYGT
#
#PUYGT
%
9JGPCOQPQRQNKUVKUKP
#.QPITWPGSWKNKDTKWOJGOC[QT
OC[PQVDGKPUJQTVTWPGSWKNKDTKWO
$.QPITWPGSWKNKDTKWOJGYKNN
CNUQDGKPUJQTVTWPGSWKNKDTKWO
%5JQTVTWPGSWKNKDTKWOJGYKNN
CNUQDGKPNQPITWPGSWKNKDTKWO
0QPGQHVJGCDQXG

8. 6JGEQORGVKVKQPCOQPI
DW[GTUGCEJVT[KPIVQIGV
GPQWIJQHVJGRTQFWEVVQUCVKUH[
JKUYCPVUVGPFUVQOQXG
#6JGGSWKNKDTKWORTKEG
$6JGOCTMGVRTKEG
%6JGEQPUWOGT URTKEG
#NNQHVJGCDQXG
+HVJGUWRRN[EWTXGQHCEQOOQFKV[
KURQUKVKXGN[UNQRGFCTKUGKPVJGRTKEG
QHVJGEQOOQFKV[EGVGTKURCTKDWU
TGUWNVUKPCPFKUTGHGTTGFVQCU
##FGETGCUGKPDQVJFGOCPFCPF
UWRRN[
$#FGETGCUGKPSWCPVKV[UWRRNKGF
%#FGETGCUGKPUWRRN[
#FGETGCUGKPFGOCPF
#EQPUWOGTYKNNDGOCZKOKUKPIJKUWVKNKV[
KHJGCNNQECVGFJKUOQPG[KPEQOGUQVJCV
#'NCUVKEKV[QHFGOCPFKUVJGUCOGHQTCNN
RWTEJCUGFRTQFWEVU
$6JGOCTIKPCNWVKNKV[HTQOVJGNCUVTWRGG
URGPVQPGCEJRWTEJCUGFRTQFWEVKUVJG
UCOG
%6JGOCTIKPCNWVKNKV[QHVJGNCUVWPKVQH
GCEJRTQFWEVEQPUWOGFKUGSWCN
6QVCNWVKNKV[ICKPGFHTQOGCEJRTQFWEV
EQPUWOGFKUVJGUCOG
#PUYGT
#
#PUYGT
%
#PUYGT
#PUYGT
$
#XGTCIGHKZGFEQUV
ECPDGQDVCKPGFVJTQWIJ
##(%6(%3
$#(%6%
68%
%#(%6(%/%
#(%/%
68%

9. #VVJGUJWVFQYPRQKPV
#6JGVQVCNNQUUGUQHVJG
HKTOGSWCN6(%
$6468%
%2#8%
#NNQHVJGCDQXG
9JGTGVJGNGCFKPIHKTOUKPCP
KPFWUVT[EQODKPGVQRWTUWGCEQOOQP
RQNKE[KPVJGKTKPVGTGUVDWVTGVCKP
VJGKTUGRCTCVGKFGPVKVKGUUWEJ
EQODKPCVKQPKUIGPGTCNN[MPQYPCU
#,QKPVUVQEMEQORCP[
$%CTVGN
%6TWUV
*QNFKPIEQORCP[
1PGYC[VJGIQXGTPOGPVECPKPFWEGC
OQPQRQNKUVVQGZRCPFJKUQWVRWVKUD[
KORQUKPI
##RTKEGHNQQTVJCVOCMGUVJG
OQPQRQNKUVTCKUGJKURTKEG
$#RTKEGEGKNKPIVJCVOCMGUVJG
OQPQRQNKUVNQYGTJKURTKEG
%#URGEKHKEVCZQPVJGOQPQRQNKUV U
QWVRWV
#JGCX[VCZQPVJGOQPQRQNKUV URTQHKVU
#PUYGT
#PUYGT
$
#PUYGT
#PUYGT
$
6JGRTKEGYJKEJCEQPUWOGT
YQWNFDGYKNNKPIVQRC[HQTC
EQOOQFKV[GSWCNUVQJKU
##XGTCIGWVKNKV[
$/CTIKPCNWVKNKV[
%6QVCNWVKNKV[
QGUPQVJCXGCP[TGNCVKQPVQ
CP[QPGQHVJGUG

10. 6JGGSWKNKDTKWONGXGNQH
QWVRWVHQTVJGRWTG
OQPQRQNKUVKUYJGTG
#/4/%
$2#%
%/4/%
/4 /%
$KNCVGTCNOQPQRQN[OGCPU
##OQPQRQN[UGNNGTDW[KPI
JKUKPRWVHTQOOCP[UWRRNKGTU
$6YQTKXCNDW[GTUQPN[
%6YQTKXCNUGNNGTUQPN[
#OQPQRQNKUVHCEKPIC
OQPQRUQPKUV
6JG.#%EWTXGKUVCPIGPV
VQVJGNQYGUVRQKPVQPVJG5#%
EWTXGUYJGPVJG.#%EWTXGKU
#4KUKPI
$(CNNKPI
%#VKVUOKPKOWO
0QPGQHVJGUG
#PUYGT
#
#PUYGT
#PUYGT
#
#PUYGT
%
9JGPVJGEQPUWOGT UKPEQOG
KPETGCUGUVJGDWFIGVNKPGQPCP
KPFKHHGTGPEGOCROQXGUVQ
##RCTCNNGNRQUKVKQPVQVJGTKIJV
$#RCTCNNGNRQUKVKQPVQVJG
QTKIKP
%#RCTCNNGNRQUKVKQPVQVJGNGHV
0QPGQHVJGCDQXG

11. 6JGKORQUKVKQPQHCEGKNKPI
QPCOQPQRQNKUV URTKEGYKNN
CHHGEVJKU
#'SWKNKDTKWOQWVRWVQPN[
$#XGTCIGTGXGPWGKPVJGUJQTV
TWPQPN[
%2TQHKVUQPN[
'SWKNKDTKWOQWVRWVCPFRTQHKVU
7PFGTRGTHGEVEQORGVKVKQPC
HKTOYKNNDGKPGSWKNKDTKWOYJGPKVU
#%KU
#%QXGTKPIQPN[RTKOGEQUVUQH
RTQFWEVKQP
$#VCOKPKOWO
%#VCOCZKOWO
%QXGTKPIYCIGUCPFUCNCTKGUQPN[
+PRGTHGEVN[EQORGVKVKXG
OCTMGV
#(KTOKUVJGRTKEGIKXGTCPFVJG
KPFWUVT[VJGRTKEGVCMGT
$(KTOKUVJGRTKEGVCMGTCPF
KPFWUVT[VJGRTKEGIKXGT
%$QVJCTGVJGRTKEGVCMGTU
0QPGQHVJGUG
#PUYGT
$
#PUYGT
$
#PUYGT
#PUYGT
$
ņ/CTIKPCNWVKNKV[
CRRTQCEJ YCUHKPCNKUGFD[
##%2KIQW
$#NHTGF/CTUJCNN
%,5/KNN
,4*KEMU

12. 6*#0-;17