Macroeconomics objective Questions
(1) If there is a price floor there will be….
a) Surpluses
b) Equilibrium
c) Shortages
d) Price ceiling
e) None of these
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]A[/su_spoiler]
(2) The largest sector in Pakistan economy is….
a) Services
b) Industry
c) Agriculture
d) Transport
e) All of above
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]C[/su_spoiler]
(3) In past 5 years average growth rate of Pakistan national income is….
a) 26%
b) 37%
c) 7%
d) 9%
e) 6%
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]E[/su_spoiler]
(4) Which of the one is per capita income…….
a)Family income
b) Private income
c) Worker income
d) Person income
e) Industrial unit income
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]D[/su_spoiler]
(5) The growth rate of population in Pakistan……
a) 5%
b) 12%
c) 2%
d) 7%
e) 1%
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]C[/su_spoiler]
(6) Say’s law states that…….
a) There is no such things as a free lunch
b) Demand creates its own supply
c) Macroeconomic policy activism is essential to ensure full-employment
d) Supply creates its own demand
e) None of these
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]D[/su_spoiler]
(7) The most volatile component of aggregate demand is……
a) Investment
b) Consumption
c) Government spending
d) Net exports
e) Real exchange rates
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]A[/su_spoiler]
(8) Ifthe MPS increases, the multiplier will be…..
a) Decrease
b) Remain save
c) remain constant
d) Increase
e) either increase or decrease depending on the size of the change in investment
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]A[/su_spoiler]
(9)The index used most often to measure inflation is the……
a) Student price index
b) Wholesale price index
c) Producer price index
d) Consumer price index
e) None of these
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]D[/su_spoiler]
(10) All currencies other than the domestic currency of a given country are referred to as….
a) Hard currency
b) Near money
c) Reserve currency
d) Pay order
e) Foreign exchange
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]E[/su_spoiler]
(11) The exchange rate determined by unregulated forces of supply and demad are…..
a) Fixed
b) Managed
c) Floating
d) Current
e) Pegged
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]C[/su_spoiler]
(12) A variable whose value is determined by the model of which it is a part is termed…..
a) Endogenous
b) Temporary
c) Independent
d) Constant
e) Exogenous
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]A[/su_spoiler]
ead More MCQs on Macro-economics
- SET 1: Macroeconomic MCQs
- SET 2: Macroeconomic MCQs
- SET 3: Macroeconomic MCQs
- SET 4: Macroeconomic MCQs
- SET 5: Macroeconomic MCQs
Macro-economics More topics on T4Tutorials