This is a series of mcqs on economics.

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

2. (GCVWTGUQHUVCIGQHGZRCPUKQPKPDWUKPGUU
E[ENGCTG
#4KUGKPPCVKQPCNQWVRWV4KUGKPEQPUWOGTCPF
ECRKVCNGZRGPFKVWTG$CPMCFXCPEGUITQYUNQYN[
$4KUGKPPCVKQPCNQWVRWV4KUGKPEQPUWOGTCPF
ECRKVCNGZRGPFKVWTG$CPMCFXCPEGUITQYTCRKFN[
%4KUGKPPCVKQPCNQWVRWV4KUGKPEQPUWOGT
GZRGPFKVWTG$CPMCFXCPEGUITQYTCRKFN[
4KUGKPPCVKQPCNQWVRWV4KUGKPECRKVCN
GZRGPFKVWTG$CPMCFXCPEGUITQYTCRKFN[
/GVJQF
UQHOGCUWTGOGPV
QHGNCUVKEKV[KU
CTG
#2GTEGPVCIGOGVJQF
$6QVCNQWVNC[GZRGPFKVWTG
OGVJQF
%2QKPVGNCUVKEKV[OGVJQF
#NNQHVJGCDQXG
6JGRTQFWEVKQPHWPEVKQP
UVWFKGU
#+PRWVCPFQWVRWVTGNCVKQP
$(CEVQTUQHRTQFWEVKQPCPF
HKPCNRTQFWEVKQP
%6GEJPQNQI[WUGFKP
RTQFWEVKQP
#NNQHVJGCDQXG
#PUYGT
$
#PUYGT
#PUYGT
$
#PUYGT
'EQPQOKERTQDNGOFQGUPQV
TGEQIPKGVJGDQWPFCTKGUQHECUVG
ETGGFEWNVWTG6JWUGEQPQOKE
RTQDNGOKUCNYC[UEQPUKFGTGFCUVJG
#)GPGTCNRTQDNGO
$7PKXGTUCNRTQDNGO
%*KUVQTKECNRTQDNGO
%NCUUKECNRTQDNGO

3. 6JGEQUVUYJKEJEQXGT
VJGEQUVQHCFXGTVKUKPIKU
#2TQFWEVEQUV
$5GNNKPIEQUV
%2GTKQFEQUV
/CTIKPCNEQUV
GOCPFKUFGVGTOKPGF
D[
#2TKEGQHVJGRTQFWEV
$4GNCVKXGRTKEGUQHQVJGT
IQQFU
%6CUVGUCPFJCDKVU
#NNQHVJGCDQXG
6JGHGCVWTGUQHC,QKPV
5VQEM%QORCP[CTG
#2GTRGVWCNUWEEGUUKQP
$.KOKVGFNKCDKNKV[
%(TGGVTCPUHGTCDKNKV[QH
UJCTGU
#NNQHVJGCDQXG
#PUYGT
#
#PUYGT
#PUYGT
$
#PUYGT
5NQRGQHUWRRN[
EWTXGKU
#RQUKVKXG
$0GICVKXG
%GTQ
#P[QHVJGCDQXG

4. +PVJGEQPVGZVQHHQTOWNCVKQPQH
CPKPXGUVOGPVRTQLGEVAAAAAAAA
HGCUKDKNKV[OGCPUVJGCXCKNCDKNKV[QH
NCPFRNCPVOCEJKPGT[TCYOCVGTKCNU
CPFVGEJPKECNMPQYJQYGVE
#.GICN
$6GEJPKECN
%1RGTCVKQPCN
5EJGFWNG
6JGUWRRN[EWTXG
UNQRGUAAAHTQOAAAAVQAAAA
#QYPYCTFUNGHVTKIJV
$QYPYCTFUTKIJVNGHV
%WRYCTFUNGHVTKIJV
QYPYCTFUTKIJVNGHV
0GICVKXGUNQRGOGCPU
EWTXGUNQRGUFQYPYCTFU
HTQOAAAAAAAA
#.GHVVQNGHV
$TKIJVVQTKIJV
%.GHVVQTKIJV
4KIJVVQNGHV
#PUYGT
#
#PUYGT
#
#PUYGT
$
#PUYGT
%
4GUQWTEGCNNQECVKQP
FGEKUKQPUKPHTGGOCTMGV
GEQPQO[
#6JGQT[QHRTKEG
$#RRNKGFDTCPEJQHMPQYNGFIG
%7PKXGTUCN
0QPGQHVJGCDQXG

5. 'EQPQOKUVUJCXG
RQKPVGFQWVVJCVVJGTGCN
YQTNFKUHWNNQH
#2GTHGEVEQORGVKVKQP
$+ORGTHGEVEQORGVKVKQP
%/QPQRQNKUVKEEQORGVKVKQP
0QPGQHVJGCDQXG
6JGKORQTVCPV
FGVGTOKPCPVUQHUWRRN[CTG
#)QXGTPOGPVRQNKE[
$#NYC[UTGHGTTGFVQKP
TGNCVKQPVQRTKEGVKOG
%#XCKNCDKNKV[QHHCEVQTUQH
RTQFWEVKQP
#NNQHVJGCDQXG
6JGCEVQHWUKPIIQQFU
CPFUGTXKEGUVQUCVKUH[
YCPVUKUECNNGF
#5CVKUHCEVKQP
$%QPUWORVKQP
%$QVJ
#CPF
$
0QPGQHVJGCDQXG
#PUYGT
#PUYGT
#PUYGT
$
#PUYGT
$
#EEQTFKPIVQ.KQPGN4QDDKPU
FGHKPKVKQPQHGEQPQOKEUň'EQPQOKEU
KUCUEKGPEGYJKEJ
#5ECTEGOGCPUJCXGCNVGTPCVGWUGU
$4GNCVKQPUJKRDGVYGGPGPFUCPF
UECTEGTGUQWTEGU
%5VWFKGUJWOCPDGJCXKQT
#NNQHVJGCDQXG

6. +PGEQPQOKEUVJGSWGUVKQP
TGNCVGFVQVJGUGNGEVKQPQHOGVJQFU
YKVJYJKEJEQOOQFKVKGUCTG
RTQFWEGFKUCUWDLGEVOCVVGTQH
#6JGQT[QHRTKEG
$6JGQT[QHRTQFWEVKQP
%6JGQT[QHFGOCPF
0QPGQHVJGCDQXG
6JGKPFGZPWODGTUYJKEJ
OGCUWTGVJGEJCPIGUKPVJG
IGPGTCNRTKEGNGXGNQHCEQWPVT[
TGHGTUVQAAAAAAAA
#9JQNGUCNGRTKEGKPFGZ
$%QPUWOGTRTKEGKPFGZ
%$QVJ
#CPF
$
0QPGQHVJGCDQXG
%QUV$GPGHKVCPCN[UKU
CKOUCVAAAAAAAAQHUQEKCN
YGCNVJ
#/KPKOKCVKQP
$1RVKOKCVKQP
%/CZKOKCVKQP
0QPGQHVJGCDQXG
#PUYGT
#PUYGT
#
#PUYGT
$
#PUYGT
%
/CETQ'EQPQOKEUKUVJGUVWF[
QH
#2TQDNGOUUWEJCUVJGTCVGUQH
KPHNCVKQPVJGDCNCPEGQHRC[OGPVU
GVE
$6JGCIITGICVGDGJCXKQTQHVJG
GEQPQO[
%6JGDGJCXKQTQHGEQPQOKECIGPVU
#NNQHVJGCDQXG

7. #HKTORTCEVKUKPIRTKEG
FKUETKOKPCVKQPYKNNDG
#$W[KPIQPN[HTQOHKTOUUGNNKPIKPDWNM
CVCFKUVCPEG
$$W[KPIKPEJGCRGUVCPFUGNNKPIKPVJG
FGCTGUVOCTMGVU
%%JCTIKPIFKHHGTGPVRTKEGUKPFKHHGTGPV
OCTMGVUHQTCRTQFWEV
%JCTIKPIFKHHGTGPVRTKEGUHQT
FKHHGTGPVSWCNKVKGUQHCRTQFWEV
ʼn6JGEQPEGRVQHOCTIKPCN
WVKNKV[KUWUGHWNHQTGZRNCKPKPI
FKCOQPFYCVGT2CTCFQZ6JKU
UVCVGOGPVKU
##DUQNWVGN[EQTTGEV
$#DUQNWVGN[YTQPI
%2CTVKCNN[EQTTGEV
0QPGQHVJGUG
6JGJQTKQPVCNFGOCPF
EWTXGHQTCEQOOQFKV[UJQYU
VJCVKVUFGOCPFKU
#(CKTN[GNCUVKE
$2GTHGEVN[GNCUVKE
%*KIJN[GNCUVKE
/QFGTCVGN[GNCUVKE
#PUYGT
%
#PUYGT
#
#PUYGT
%
#PUYGT
$
6JGGEQPQOKGUCPF
FKUGEQPQOKGUQHNCTIGUECNG
RTQFWEVKQPKUFGVGTOKPGFD[
#6JGNQPITWP#%EWTXG
$6JGNQPITWP/%EWTXG
%6JGPQTOCNNQPITWP#%EWTXG
6JGPQTOCNNQPITWP6%EWTXG

8. 6JGTGCNCKOQH
RTQFWEVKQPKU
#6QGNKOKPCVGRQXGTV[
$6JGETGCVGOCVGTKCNIQQFU
%6QUCVKUH[RGQRNG UYCPVU
6QRTQXKFGDCUKE
PGEGUUKVKGU
ʼn6JGRTKEGYJKEJKUPGEGUUCT[
VQTGVCKPCIKXGPWPKVQHCHCEVQTKPC
EGTVCKPKPFWUVT[OC[DGECNNGFKVU
VTCPUHGTGCTPKPIUQTVTCPUHGTRTKEG
GHKPGFD[
#2TQH.KRUG[
$#NHTGF/CTUJCNN
%4QDGTVUQP
,QCP4QDKPUQP
%TQUUGNCUVKEKV[QH
EQORNGOGPVCT[IQQFUKU
#0GICVKXG
$*KIJ
%GTQ
+PHKPKVG
#PUYGT
#
#PUYGT
#
#PUYGT
%
#PUYGT
#
#OQPQRQNKUVJCUEQPVTQNQXGTVJG
RTKEGJGEJCTIGUHQTJKURTQFWEV*GYKNN
DGCDNGVQOCZKOKUGJKURTQHKVD[
#.QYGTKPIVJGRTKEGKHVJGFGOCPF
EWTXGKUGNCUVKE
$4CKUKPIVJGRTKEGKHVJGFGOCPF
EWTXGKUGNCUVKE
%.QYGTKPIVJGRTKEGKHVJGFGOCPF
EWTXGKUKPGNCUVKE
0QPGQHVJGCDQXGKUCRRNKECDNG

9. #P+UQEQUVNKPGTGRTGUGPVU
#%QODKPCVKQPUQHVYQKPRWVUYJKEJ
[KGNFXCT[KPICOQWPVUQHQWVRWV
$%QODKPCVKQPUQHVYQKPRWVUYJKEJ
EQUVVJGUCOGCOQWPVVQCHKTO
%%QODKPCVKQPUQHVYQKPRWVUYJKEJ
[KGNFVJGUCOGCOQWPVQHQWVRWV
%QODKPCVKQPUQHVYQKPRWVUYJKEJ
EQUVFKHHGTGPVCOQWPVUQHQWVNC[VQC
HKTO
/CVEJVJGHQNNQYKPI
#(QTCIKXGPRGTEGPVbbbbG EJCPIG
KPRTKEGFGOCPFEJCPIGUD[GTQRGTEGPV
$(QTCIKXGPRGTEGPVbbbbGEJCPIG
KPRTKEGFGOCPFEJCPIGUD[RGTEGPV
%(QTCIKXGPRGTEGPVbbbbGEJCPIG
KPRTKEGFGOCPFEJCPIGUD[RGTEGPV
(QTCIKXGPRGTEGPVbbbbGEJCPIG
KPRTKEGFGOCPFEJCPIGUD[RGTEGPV
#
#
$
%
$
#
$
%
bbbbbbbbbbbbbbbbbb
%
#
$
%
#
$
%
bbbbbbbbbbbbbbbbbb
6JGNCYQHKPETGCUKPI
TGVWTPUKUQPN[CRRNKECDNGVQ
CITKEWNVWTGCEEQTFKPIVQ
#%NCUUKECNUEJQQN
$,/-G[PGU
%/QFGTPUEJQQN
0GQENCUUKECNUEJQQN
#PUYGT
%
#PUYGT
$
#PUYGT
$
#PUYGT
#
/CTIKPCNTGXGPWGYKNN
DGGTQKHVJGGNCUVKEKV[QH
FGOCPFKU
#'SWCNVQGTQ
$)TGCVGTVJCPQPG
%'SWCNVQQPG
.GUUVJCPQPG

10. #RTQFWEVVJCVGPLQ[U
TCRKFN[ITQYKPIFGOCPFQXGT
VKOGKUNKMGN[VQDG
#CPKPHGTKQTIQQF
$CPQPE[ENKECNPQTOCNIQQF
%CE[ENKECNPQTOCNIQQF
PGKVJGTCPQTOCNPQTCP
KPHGTKQTIQQF
6JGOQXGOGPVCNQPICP
KPFKHHGTGPEGEWTXGTGHNGEVKPIVJG
UWDUVKVWVKQPQHEJGCRGTRTQFWEVU
HQTOQTGGZRGPUKXGQPGUKU
#UWRRN[GHHGEV
$WVKNKV[GHHGEV
%CUWDUVKVWVKQPGHHGEV
CPKPEQOGGHHGEV
'XGPKPVJGNQPITWP
GSWKNKDTKWOVJGRWTGOQPQRQNKUV
CU
QRRQUGFVQVJGRGTHGEVN[EQORGVKVKXG
HKTOECPOCMGCDPQTOCNRTQHKVU
DGECWUGQH
#$NQEMGFGPVT[
$*KUNQY.#%
%*KIJRTKEGJGEJCTIGU
#FXGTVKUKPI
#PUYGT
$
#PUYGT
%
#PUYGT
%
#PUYGT
#
/CTIKPCNEQUVEWTXG
#*CUVJGUJCRGQHVJGKPXGTVGF
7
$*CUVJGUJCRGQHVJGCNRJCDGV
7
%*CUVJGUJCRGCTGEVCPIWNCT
J[RGTDQNC
#NNQHVJGUG

11. .QPITWPGSWKNKDTKWO
RTKEGQHCRGTHGEV
EQORGVKVKXGHKTOKUCNYC[U
#'SWCNVQ#(%
$$GNQYVJG.#%
%#DQXGVJG.#%
'SWCNVQ.#%
'EQPQOKGUQH5ECNGOGCPU
#4GFWEVKQPUKPWPKVEQUVQH
RTQFWEVKQP
$4GFWEVKQPUKPWPKVEQUVQH
FKUVTKDWVKQP
%#FFKVKQPVQVJGWPKVEQUVQH
RTQFWEVKQP
4GFWEVKQPKPVJGVQVCNEQUVQH
RTQFWEVKQP
#HCNNKPI/7EWTXGKNNWUVTCVGU
#6JGRTKPEKRNGQHFKOKPKUJKPI
OCTIKPCNWVKNKV[
$6JGRTKPEKRNGQHGSWKOCTIKPCN
WVKNKV[
%6JGRTKPEKRNGQHFKOKPKUJKPI
OCTIKPCNTCVGQHUWDUVKVWVKQP
0QPGQHVJGUG
#PUYGT
%
#PUYGT
#
#PUYGT
#PUYGT
#
#HVGTTGCEJKPIVJGUCVWTCVKQPRQKPV
EQPUWORVKQPQHCFFKVKQPCNWPKVUQHVJG
EQOOQFKV[ECWUGU
#6QVCNWVKNKV[CPFOCTIKPCNWVKNKV[DQVJVQ
KPETGCUG
$6QVCNWVKNKV[VQHCNNCPFOCTIKPCNWVKNKV[VQ
KPETGCUG
%6QVCNWVKNKV[VQHCNNCPFOCTIKPCNWVKNKV[VQ
DGEQOGPGICVKXG
6QVCNWVKNKV[VQDGEQOGPGICVKXGCPF
OCTIKPCNWVKNKV[VQHCNN

12. 6*#0-;17