51. Which of the following is not a function of a commercial bank?
A. Accepting public deposits
B. Granting loan and advances
C. Undertaking agency functions
D. Banker to the government
✅ The correct answer is option D.
Economics MCQs
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52. The key issues of macroeconomics are ?
A. Unemployment
B. Inflation
C. Economic growth
D. All of the above
✅ The correct answer is option D.
53. Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ?
A. Multilateral contracts
B. Production and export controls
C. Buffer stock arrangements
D. Tariff-rates quotas
✅ The correct answer is option D.
54. When actual inflation exceeds expected inflation?
A. Unemployment is equal to the natural rate of unemployment
B. People will reduce their expectations of inflation in the future
C. Unemployment is greater than the natural rate of unemployment
D. Unemployment is less than the natural rate of unemployment
✅ The correct answer is option D.
55. What is referred by the term ‘Portfolio’?
A. A collection of investments, real or financial
B. Net assets of a company
C. Total profit of company in a year
D. Total unmovable assets of a company
✅ The correct answer is option A.
56. Which of the following workers would be most likely to find it more difficult to get a job after a rise in the minimum wage rate?
A. A teenage worker with few qualifications.
B. A manual worker with fifteen years of work experience.
C. A professional worker with a university degree.
D. All there are equally likely to find it difficult to get a job.
✅ The correct answer is option A.
57. The Harrod Domar growth model suggests that?
A. Growth is directly related to savings and inversely related to the capital/output ratio
B. Growth is directly related to the capital/output ratio and inversely related to savings
C. Growth is indirectly related to savings and the capital/output ratio
D. Growth is directly related to savings and the capital/output ratio
✅ The correct answer is option A.
58. A bank deposit, that cannot be withdrawn before the date which is specified at the time of deposit, is called ?
A. Bond deposit
B. Term deposit
C. Time deposit
D. Fixed investment
✅ The correct answer is option B.
59. A price floor ?
A. always determines the price at which a good must be sold.
B. sets a legal maximum on the price at which a good can be sold.
C. is not a binding constraint if it is set above the equilibrium price.
D. sets a legal minimum on the price at which a good can be sold.
✅ The correct answer is option D.
60. Where ‘Nikkei Stock average’ applies?
A. Mainly to Korean equities
B. Mainly to international equities
C. Mainly to Japanese equities
D. Mainly to US equities
✅ The correct answer is option B.