Federal Government Notes Questions with Answers PDF Download – Test 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