Art

Boost your knowledge with a comprehensive collection of Arts MCQs with answers and detailed explanations. Covering topics from history of art, literature, philosophy, sociology, political science, and fine arts, these objective questions are designed for students, teachers, and candidates preparing for competitive exams (CSS, PMS, NTS, FPSC, PPSC, UPSC, etc.). Each MCQ is followed by a clear explanation to help you understand concepts better and improve your exam preparation. Perfect for self-assessment, practice, and revision in the field of Arts and Humanities.

3661. What is the meaning of the term stagflation?

A. Fall in prices due to less circulation of currency
B. Fall in employment due to declining production
C. High inflation rate combined with high unemployment and unchanged consume demand
D. None of these
✅ The correct answer is option C.

3665. What is the budget?

A. A budget is an economic plan for an undefined period of time
B. A budget is an economic plan for a defined period of time
C. A budget is a financial plan for an undefined period of time
D. A budget is a financial plan for a defined period of time
✅ The correct answer is option D.

3666. What is a net investment is?

A. Gross investment minus household investment
B. Gross investment minus govt. Investment
C. Gross investment minus capital consumption allowance
D. None of the above
✅ The correct answer is option C.

3669. OECD stands for ?

A. Organization for Economic Cooperation and Development and Development
B. Oil Exporting Countries Development
C. Organization for Environmental cooperative Department
D. Open Economies Caucus on Development
✅ The correct answer is option A.

3670. What does price elasticity of demand measure?

A. Changes in price caused by changes in demand
B. The rate of change of sales
C. The responsiveness of demand to price changes
D. The value of sales at a given price
✅ The correct answer is option C.