Equilibrium in financial market. Explanation: Equilibrium in financial market

Guinness World Records (General Knowledge - Page

9001

Increase in supply of money will positively affect:

A. Economic growth of the country B. Rate of unemployment C. Labour force participation rate D. Rate of inflation

9002

The relationship between inflation and unemployment is represented by:

A. Okun's law B. Phillips curve C. Say's law D. U-shape curve

9003

Which of the following is not a component of GDP?

A. Consumption by households B. Investment by firms C. Public Spendings D. Rate of unemployment

9004

Classical economics is the:

A. Supply side economics B. Demand side economics C. Both (A) & (B) D. None of these

9005

LM curve represents:

A. Equilibrium in goods market B. Budget balance C. Equilibrium in financial market D. None of these

9006

Monopolistic Competition is different from Perfect Competition because of:

A. The large number of firms in the industry B. The lack of barriers to entry and exit of firms C. The low level of price competition in Monopolistic Competition D. The high level of price competition in Monopolistic Competition

9007

The doctrine of comparative advantage states that there are gains from international trade:

A. Only if both comparative and absolute advantage are present in both countries. B. If opportunity costs are the same in the countries involved. C. Only if there are economies of scale available. D. If countries specialize in the production of goods in which they are relatively more efficient.

9008

Trade based on absolute advantage was presented by:

A. Alfred Marshall B. Adam Smith C. Lionel Robbins D. None of these

9009

According to Keynes, the relationship between money supply and rate of interest is:

A. Negative B. Positive C. Direct D. None of these

9010

A country that makes large net income payments to investors in another country is likely to:

A. Have a large GDP than GNP B. Grow slower economically than the other country C. Grow faster economically than the other country D. Have smaller GDP than GNP

9011

Disposable income is:

A. The same as personal income B. Income that is used only for consumption C. Personal income remaining after income taxes D. Exclusive of social security payments or welfare

9012

The marginal utility of a good refers to the:

A. Total utility of the good for consumption of the last unit B. Extra utility associated with consuming another unit of the good C. Utility associated with consuming an alternative good D. Consumer surplus associated with the consumption of an alternative good

9013

Which of the following does not apply to Pareto efficiency?

A. Consumptive efficiency B. Production efficiency C. Allocative efficiency D. Equity

9014

What type of unemployment is directly related to swings in the business cycle?

A. Seasonal B. Frictional C. Cyclical D. Structural

9015

Which of the following is not a basic assumption of perfect competition?

A. Free entry and exit B. Many small sellers and buyers C. Perfect information D. Homogeneous product

9016

When was Quaid e Azam become the president of first constituent assembly?

A. 10 August 1947 B. 11 August 1947 C. 15 August 1946 D. None of These

9017

Imam Abu Hanifa R.A Died during the reign of ________ ?

A. Hisham B. Harun al-Rashid C. Al-Mansur D. Al-Saffah

9018

In Torat by which name Prophet Muhammad (SAWS) was called________?

A. Muhammad B. Farooq C. Tayyab D. Ahmed

9019

Which of the following should be used when you want to add a slide to an existing presentation?

A. File, add a new slide B. Insert, New slide C. File Open D. File, New

9020

Federal Investigation Agency (FIA) founded in___________?

A. 13 June 1970 B. 13 January 1975 C. 13 August 1980 D. 13 September 1985

Guinness World Records (General Knowledge Focus) MCQs with Answers & Explanations (Page 451)

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