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11. |
Changes in the standard of living of the people in a country are indicated best by changes in the |
A. |
Per capita income |
B. |
Wholesale price index |
C. |
Cost of living index |
D. |
Index of industrial productivity |
Answer: Option A
Explanation:
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12. |
When prices are rising, one of the ways of bringing about reduction in prices would be to: |
A. |
Increase the availability of goods |
B. |
Reduce the rate of personal income tax |
C. |
Lower interest rate |
D. |
Increase government spending |
Answer: Option A
Explanation:
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13. |
The currency of Bangladesh is the |
Answer: Option B
Explanation:
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14. |
The largest automobile manufacturing centre in the world is at: |
A. |
Birmingham |
B. |
Detroit |
C. |
Paris |
D. |
Tokyo |
Answer: Option B
Explanation:
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15. |
The theory of 'surplus value' is associated with |
A. |
Communism |
B. |
Guild socialism |
C. |
Socialism |
D. |
Fabian socialism |
Answer: Option B
Explanation:
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16. |
Which of the following world be a 'fixed cost' to a manufacturing firm? |
A. |
Wages |
B. |
Raw material |
C. |
Replacement of loan |
D. |
Machinery and plant |
Answer: Option D
Explanation:
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17. |
Which of the following is a non-economic activity? |
A. |
Sweeper cleaning the streets |
B. |
Mother tending her sick child |
C. |
Danseuse performing at a theatre |
D. |
Professor instructing his students |
Answer: Option B
Explanation:
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18. |
The Law of Diminishing Returns applies to |
A. |
Merchandising |
B. |
Production |
C. |
Land |
D. |
Capital |
E. |
Perishable goods |
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Answer: Option B
Explanation:
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19. |
The cause of high inflation is |
A. |
High prices |
B. |
Black-market |
C. |
Shortage of goods |
D. |
Superior quality of goods |
Answer: Option A
Explanation:
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20. |
Banks charge higher rate of interest on the score of |
A. |
Risk involved |
B. |
Purpose of loan |
C. |
Nature of goods |
D. |
Type of customer |
Answer: Option A
Explanation:
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