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[USA] CURRENT AFFAIRS MCQ 2021

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1. The maximum quantity of goods that can be efficiently produced by an economy using its scarce resources and available technology is called




2. Which economic term is used to measure the overall performance of an economy?




3. Productive efficiency occurs when an economy cannot produce _____ of one good without producing _____ of another good.




4. The concept of invisible hand in the organization of supply and demand in a well-functioning market mechanism refers to the




5. The increase in economic integration among nations is termed as




6. The price elasticity of demand is the percentage change in _____ demanded divided by the percentage change in _____.




7. When price of a commodity increased by 3%, the quantity demanded decreased by 5%. The quantity is said to have




8. When price of a commodity increased by 5%, the quantity demanded decreased by 3%. The quantity is said to have




9. When price of a commodity decreased by 4%, the quantity demanded increased by 4%. The quantity is said to have




10. The term recession refers to the




11. What from the following measures a government can take to reduce inequality in the distribution of income?




12. Capital is one of the three fundamental inputs called factors of production which is a produced and durable input and is itself an output of an economy. Which from the following is NOT among capital?




13. The economic term used to rank countries according to human development is




14. The ultimate goal of economic science is to




15. In which from the following questions, we can only examine the likely consequences of alternative policies, and the answer can be resolved only by discussions?




16. What is meant by entrept trade?




17. The conflict of interest between owners of a company and the management of the company is termed as




18. The term oligopoly means




19. In a monopolistic competition, a business finds its maximum-profit position where




20. In a perfect competition, maximum profit occurs where marginal revenue equals




21. A businessman or a company should accept investments that have _____ net present values.




22. A businessman or a company should accept investments that offer rates of return _____ their opportunity costs of capital.




23. If there are changes in factors other than a products own price that affect the quantity purchased, the phenomena is termed as




24. An increase in supply generally _____ price and _____ quantity demanded.




25. Marginal revenue (MR) is _____ when demand is elastic, _____ when demand is unit-elastic, and _____ when demand is inelastic.




26. Which of the following characteristic can exist both in perfect competition and in monopoly




27. The impact and incidence of sales tax is




28. The largest indirect Tax revenue collection is through




29. Basket of main currencies is




30. The direct exchange of goods and services for other goods and services is known as




31. Poverty line is determined by




32. An investment is said to be risky because




33. Which from the following is NOT an example of intangible assets?




34. The following are the examples of financial assets except?




35. The sale of financial assets is also referred to as the




36. The construction of new manufacturing plant is also referred to as the




37. According to the Efficient Market Hypothesis, which from the following is NOT true?




38. According to the weak form of market efficiency __________ past information is included in the stock price.




39. We say about a particular investment that it is risky, because




40. In Finance, risk is calculated by calculating the




41. The sale of bonds by a country or a corporation is referred to as the




42. The cost of an item is $100. The seller has a mark-up of 20%. What is the selling price?




43. A firms investment decision is also called the




44. Conflicts between shareholders and managers interest is called




45. In the principle-agent framework




46. The risk that can be eliminated by diversification is called




47. The risk that cannot be eliminated by diversification is called




48. Which from the following is the safest investment?




49. The spread of possible outcomes of an investment returns is measured by




50. Risk is best judged in