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Economics Practice Test 19

Federal Government Quiz PDF: Questions and Answers - 19

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Federal Government Questions and Answers PDF Download: Quiz 19

MCQ 91: A period when income or receipts exceed outlays or expenditures is known as

A) budget surplus
B) budget deficit
C) fiscal challenge
D) monetary challenge

MCQ 92: The changes in the labor saving technological change is closely dependent upon the

A) increase of labor
B) increase of efficiency
C) increase of capital
D) increase of machines

MCQ 93: Which of the following features isn't a feature of a perfectly competitive market?

A) buyers and sellers are price takers
B) each firm sells a virtually identical product
C) entry is limited
D) each firm chooses an output level that maximizes profits

MCQ 94: The type of market that is considered while converting one country's currency into the currency of another is known as

A) foreign reserves market
B) foreign exchange market
C) capital market
D) free market

MCQ 95: The surplus and deficit concept in balance of payments are positively related with

A) financial inflows
B) financial outflows
C) accommodating payments
D) autonomous payments

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Federal Government App (Android & iOS)

Federal Government App (Android & iOS)

BBA Economics App (Android & iOS)

BBA Economics App (Android & iOS)

Business Mathematics App (Android & iOS)

Business Mathematics App (Android & iOS)

Financial Markets App (Android & iOS)

Financial Markets App (Android & iOS)