Economics World Economy Test 02 Online Mcqs Preparation World Economy Test 02 Online Mcqs Preparation 1. The Law of Diminishing Returns applies to :A. ProductionB. CapitalC. Merchandising D. Land Loading... 2. Which of the following is a non-economic activity ?A. Sweeper cleaning the streets B. Professor instructing his studentsC. Danseuse performing at a theaterD. Mother tending her sick child Loading... 3. The largest automobile manufacturing center in the world is at:A. ParisB. DetroitC. BirminghamD. Tokyo Loading... 4. The cause of high inflation is :A. Shortage of goodsB. Superior quality of goodsC. High prices D. Black-market Loading... 5. Changes in the standard of living of the people in a country are indicated best by changes in the :A. Index of industrial productivityB. Per capita incomeC. Cost of living index D. Wholesale price index Loading... 6. When prices are rising, one of the ways of bringing about reduction in prices would be to:A. Increase government spendingB. Reduce the rate of personal income taxC. Lower interest rateD. Increase the availability of goods Loading... 7. The theory of 'surplus value' is associated with ?A. SocialismB. Fabian socialismC. Communism D. Guild socialism Loading... 8. Banks charge higher rate of interest on the score of :A. Type of customerB. Risk involved C. Nature of goodsD. Purpose of loan Loading... 9. The currency of Bangladesh is the :A. Rupee B. RialC. RupiahD. Takka Loading... 10. Which of the following world be a 'fixed cost' to a manufacturing firm ?A. Wages B. Raw materialC. Machinery and plantD. Replacement of loan Loading... Loading... Related PostsWorld Economy Test 03 Online Mcqs PreparationWorld Economy Test 01 Online Mcqs PreparationEconomy of Pakistan Test 01 Online PreparationWorld General Knowledge MCQs Test 01World General Knowledge MCQs Test 03 OnlineWorld General Knowledge MCQs Test 02 Online Continue Reading Previous World Economy Test 03 Online Mcqs PreparationNext World Economy Test 01 Online Mcqs Preparation Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ