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ECONOMICS QUIZ

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BUISNESS QUIZ, MBA QUIZ, ECONOMICS QUIZ, MBAGK, GK, KNOWLEDGE,

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ECONOMICS QUIZ

  1. 1. Economics
  2. 2. Which of the following is not the factor of Production??? • Land • Labour • Raw Material • Capital
  3. 3. Raw Material
  4. 4. Who said Supply Creates its own Demand??? • J.M. Kenys • Ricardo • J.B. Say • Adam Smith
  5. 5. J.B.SAY
  6. 6. IN WHICH YEAR THE WTO WAS CREATED??? • 1943 • 1945 • 1995 • 1947
  7. 7. 1995, Before WTO, GATT (General Agreement on Tariffs and Trade) was the official agreement of free trade between countries but it's not an organisation.
  8. 8. Two types of approaches are widely used when it comes to the problem of measurement of ‘utility’. What are those two approaches known as?
  9. 9. CARDINAL & ORDINAL
  10. 10. In which type of Market, there is no difference between Firm and Industry???
  11. 11. MONOPOLY
  12. 12. Name the both laws of Production Functions?
  13. 13. Law of Variable Proportion & Returns to Scale
  14. 14. In which year India’s first financial daily The Economic Times was launched??? 1982 1921 1961 1971
  15. 15. 1961
  16. 16. The term Inflation is used when the prices are increasing, what is the term which is used when the prices are decreasing???
  17. 17. Deflation
  18. 18. What is the effect of inflation on the value of money???
  19. 19. Inflation will decrease the value of money.
  20. 20. The difference between Export and Import is known as???
  21. 21. BoP
  22. 22. Increase in the overall level of prices over an extended period of time is known as???
  23. 23. Inflation
  24. 24. The giving of goods and services in return for the promise of payment at a future time. The payment usually has interest attached, this is known as….
  25. 25. Credit

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