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Basic of Economics – MCQs

428 questions. Click to practice.

Correct options are highlighted when revealed.

1.In the context of the stock market, who is referred to as a 'Lame Duck'?

2.Which corporation is recognized for having the largest count of shareholders globally?

3.What economic activity is typically encouraged by the devaluation of a country's currency?

4.What happens to the national income when saving is greater than investment?

5.Which activity is commonly carried out by both central banks and commercial banks?

6.How is Black Money defined?

7.Which country in Asia is considered the most industrially developed?

8.Which action can a central bank take to discourage consumers from borrowing more?

9.Which of the following government actions can help lower inflation?

10.Which group is most negatively impacted by inflation?

11.Who is credited with the statement, "The business of business is business"?

12.What does the term 'devaluation' refer to?

13.What is the term used to describe a phase characterized by high inflation combined with sluggish economic growth?

14.Which method can be applied temporarily to control inflation?

15.Which of the following is required to always be in equilibrium?

16.Which form of income is received exclusively by the owner of a production business?

17.Which item below is considered a factor of production?

18.What is the term used to describe the economic condition characterized by rising unemployment alongside increasing inflation?

19.What term describes a substantial financial reward given to a senior employee who is compelled to retire?

20.Deregulation refers to the process of decreasing the government's involvement in what area?