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Economics Competitive Exam: Mock Test 19

Federal Government Notes Questions with Answers PDF Download - 19

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Federal Government Quiz with Answers PDF Download: MCQs 19

MCQ: 91

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

  1. budget surplus
  2. budget deficit
  3. fiscal challenge
  4. monetary challenge
MCQ: 92

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

  1. increase of labor
  2. increase of efficiency
  3. increase of capital
  4. increase of machines
MCQ: 93

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

  1. buyers and sellers are price takers
  2. each firm sells a virtually identical product
  3. entry is limited
  4. 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

  1. foreign reserves market
  2. foreign exchange market
  3. capital market
  4. free market
MCQ: 95

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

  1. financial inflows
  2. financial outflows
  3. accommodating payments
  4. autonomous payments

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