Which of the following world be a ‘fixed cost’ to a manufacturing firm ?
A. Machinery and plant
B. Replacement of loan
C. Wages
D. Raw material
World Economy
World Economy MCQs with answers in PDF format for test preparation. Multiple-choice questions on Economics with answers, covering topics such as the global economy, economic growth, and development. These questions and answers are tailored for exams like PPSC, FPSC, NTS, KPPSC, SPSC, and BPSC.
The largest automobile manufacturing centre in the world is at ___.
A. Detroit
B. Tokyo
C. Birmingham
D. Paris
When prices are rising, one of the ways of bringing about reduction in prices would be to ___?
A. Increase government spending
B. Increase the availability of goods
C. Reduce the rate of personal income tax
D. Lower interest rate
Changes in the standard of living of the people in a country are indicated best by changes in the ___?
A. Cost of living index
B. Index of industrial productivity
C. Per capita income
D. Wholesale price index
Which activity is the Wall street in New York, U.S.A. associated ?
A. Defence
B. Films
C. Literary arts
D. Banking and Finance
What is the complete name of the World Bank ?
A. International Monetary Fund
B. International Development Authority
C. International Bank for Reconstruction and Development
D. International Finance Corporation
Devaluation means:
A. Decrease in the value of money internally
B. Decrease in the value of money in terms of foreign currency
C. Change in the currency of a country
D. Decrease in the value of gold
Elasticity of Demand explains the relationship between:
A. Price of a commodity and quantity demanded
B. Income and quantity demanded
C. Price of substitutes arid quantity demanded
D. Utility of the commodity and quantity demanded
The National Rural Employment Programme focuses particularly on ____.
A. Creation of community assets
B. Famine relief
C. Reduction of unemployment
D. Beautification of rural areas
The first railway line in India was laid between ___.
A. Calcutta and Ranchi
B. Bombay and Thane
C. Calcutta and Madras
D. Bombay and Madras