World Economy Test 02 Online Mcqs Preparation

1. Which of the following world be a 'fixed cost' to a manufacturing firm ?

A. Raw material

B. Machinery and plant

C. Wages

D. Replacement of loan

2. The Law of Diminishing Returns applies to :

A. Merchandising

B. Land

C. Capital

D. Production

3. Which of the following is a non-economic activity ?

A. Mother tending her sick child

B. Sweeper cleaning the streets

C. Professor instructing his students

D. Danseuse performing at a theater

4. 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. Wholesale price index

D. Per capita income

5. When prices are rising, one of the ways of bringing about reduction in prices would be to:

A. Reduce the rate of personal income tax

B. Increase the availability of goods

C. Increase government spending

D. Lower interest rate

6. The largest automobile manufacturing center in the world is at:

A. Birmingham

B. Detroit

C. Tokyo

D. Paris

7. Banks charge higher rate of interest on the score of :

A. Type of customer

B. Risk involved

C. Purpose of loan

D. Nature of goods

8. The theory of 'surplus value' is associated with ?

A. Socialism

B. Fabian socialism

C. Communism

D. Guild socialism

9. The cause of high inflation is :

A. Shortage of goods

B. Black-market

C. High prices

D. Superior quality of goods

10. The currency of Bangladesh is the :

A. Rupiah

B. Rupee

C. Rial

D. Takka

World Economy Test 02 Online Mcqs Preparation

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