World Economy Test 03 Online Mcqs Preparation

1. Who among the following is a famous economist?

A. Max Muller

B. Macaulay

C. Henry Francis Carry

D. Gunnar Myrdal

2. Economics is :

A. Creating maximum production

B. Producing good at minimum cost

C. The science of planning and arranging the production, distribution and consumption of goods and services for the material welfare of mankind

D. Producing buying and selling for maximum profit

3. The price of a commodity is fixed :

A. By demand and supply of a commodity

B. By demand of a commodity

C. By supply of a commodity

D. By the government

4. The worker's real wage depends on :

A. His ability to increase production

B. His ability to save

C. His gross earnings

D. The purchasing power of his earnings

5. The entrepreneur :

A. Formulates the policy

B. Benefits at the expense of the other people

C. Organizes and takes all responsibility for the business bearing the risks it entails

D. Provides the capital for the business

6. What is the main function of money ?

A. To serve as a medium of exchange

B. To buy luxurious goods

C. To buy eatables from the market

D. To earn interest from a bank

7. In Poland the demand of 'Solidrity' is for :

A. Holding of price level for common people

B. Right to make trade unions

C. Higher pays scales for laborers

D. Religious freedom

8. Supply usually lags behind in the case of :

A. Personal service

B. Luxuries

C. Entertainment

D. Necessities

9. What is the currency of Bangladesh ?

A. Rupee

B. Rial

C. Takka

D. Dinar

10. The sum of money paid on shares to a shareholder by a public limited company out of its profits is called ?

A. Interest

B. Annuity

C. Bonus

D. Dividend

World Economy Test 03 Online Mcqs Preparation

Leave a Reply Cancel reply