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Economics MCQs For Lectureship CSS PMS And NTS Part III

Economics MCQs For Lectureship CSS PMS And NTS Part III

81 What does devaluation of money means?

Decrease in the value of the money in terms of foreign currency

82 Wall Street in New York, USA is associated with which activity?

Banking and Finance

83 Change in the living standard of people in a country means positive change in

Per capita income

84 To counter rising prices, one of the best ways would be to

Increase the availability of goods

85 The Theory of Surplus Value is associated with what?

Guild Socialism

86 Where the Law of Diminishing Returns applies?

Production

87 What is the cause of high inflation?

High prices

88 Banks charge higher rate of interest on what basis?

Risk involved

89 In which case Supply usually lags behind?

Necessities

90 Entrepreneur organizes and takes all responsibility for the business bearing the risk that it

 Entails

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