1) Which of the following world be a 'fixed cost' to a manufacturing firm? a. Wages b. Raw material c. Replacement of loan d. Machinery and plant
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2) Which of the following is a non-economic activity? a. Sweeper cleaning the streets b. Mother tending her sick child c. Danseuse performing at a theatre d. Professor instructing his students
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3) The Law of Diminishing Returns applies to a. Merchandising b. Production c. Land d. Capital e. Perishable goods
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4) The cause of high inflation is a. High prices b. Black-market c. Shortage of goods d. Superior quality of goods
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5) Banks charge higher rate of interest on the score of a. Risk involved b. Purpose of loan c. Nature of goods d. Type of customer
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6) Economics is a. Creating maximum production b. Producing buying and selling for maximum profit c. Producing good at minimum cost d. The science of planning and arranging the production, distribution and consumption of goods and services for the material welfare of mankind
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7) Supply usually lags behind in the case of a. Personal service b. Entertainment c. Luxuries d. Food e. Necessities
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8) The entrepreneur a. Benefits at the expense of the other people b. Formulates the policy c. Organizes and takes all responsibility for the business bearing the risks it entails d. Provides the capital for the business
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9) The worker's real wage depends on a. His gross earnings b. His ability to increase production c. His ability to save d. The purchasing power of his earnings e. The net amount he gets after deductions
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10) In Poland the demand of 'Solidrity' is for a. Holding of price level for common people b. Right to make trade unions c. Higher pays scales for labourers d. Religious freedom e. None of these
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11) Who among the following is a famous economist? a. Henry Francis Carry b. Gunnar Myrdal c. Max Muller d. Macaulay
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12) What is the main function of money? a. To buy eatables from the market b. To serve as a medium of exchange c. To earn interest from a bank: d. To buy luxurious goods
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13) The price of a commodity is fixed a. By demand and supply of a commodity b. By the government c. By supply of a commodity d. By demand of a commodity
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14) The sum of money paid on shares to a shareholder by a public limited company out of its profits is called a. Annuity b. Bonus c. Interest d. Dividend
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15) What is the currency of Bangladesh? a. Dinar b. Takka c. Rial d. Rupee
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16) What is the currency of Myanmar? a. Pound b. Takka c. Kyat d. Rupee
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