Quiz for:
Macro Economics - MCQ Final Review

Question 1

Which kind of good is a car purchased by a household?

Question 2

Which requirement is necessary for commercial banks regarding their deposits in the central bank?

Question 3

How do you calculate Real GDP given Nominal GDP of 840 and a Price Index of 120?

Question 4

Which method can reduce the availability of credit?

Question 5

Who is responsible for issuing ₹1 currency note in India?

Question 6

Which statement about stock and flow concepts is correct?

Question 7

Who regulates the money supply in an economy?

Question 8

Which of the following is NOT a problem associated with barter systems?

Question 9

Which statement about GDP at Market Price (MP) and GDP at Factor Cost (FC) is correct?

Question 10

What does a deficit in the balance of payments indicate?

Question 11

Which of the following is NOT a factor payment?

Question 12

What happens in an underemployment equilibrium?

Question 13

What signifies borrowing as a fiscal deficit?

Question 14

When does the credit creation process end?

Question 15

Which factor is associated with the increase in the money supply?

Question 16

Which of the following will decrease the money supply?

Question 17

Which of the following is NOT an invisible item in BOP transactions?

Question 18

Which phase is correctly identified in the Circular Flow Diagram?

Question 19

Why are scholarships not included in national income?

Question 20

Given Factor Income from Abroad (FIFA) is 200 and Factor Income to Abroad is 40, what is the Net Factor Income from Abroad (NIFA)?