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Basic Concepts of Economics

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Question: What is Nominal GNP?

  1. a.
    Real GNP × GNP deflator
  2. b.
    Real GNP ÷ GNP deflator
  3. c.
    Real GDP × GNP deflator
  4. d.
    Real GDP × GDP deflator
  5. e.
    None of the above
Answer: a

Question: Computer hard disc is what kind of product?

  1. a.
    Necessary goods
  2. b.
    Natural goods
  3. c.
    Find goods
  4. d.
    Intermediate goods
  5. e.
    None of the above
Answer: d

Question: In 2003-04, Bangladesh received the highest foreign currency remittance from--

  1. a.
    Japan
  2. b.
    USA
  3. c.
    Malaysia
  4. d.
    Saudi Arabia
Answer: d

Question: According to the recent report of the world bank, how many districts of Bangladesh are under extreme proverty areas?

  1. a.
    10
  2. b.
    12
  3. c.
    15
  4. d.
    17
Answer: c

Question: Which one is usually bigger, GNP, GDP or NNP?

  1. a.
    GDP
  2. b.
    GNP
  3. c.
    NNP
  4. d.
    All these are equal
Answer: b

Question: The term 'cost' in 'cost-benefit analysis' is defined as--

  1. a.
    social cost
  2. b.
    private cost
  3. c.
    external cost
  4. d.
    financial cost
  5. e.
    None of them
Answer: a

Question: The target year of achieving the Millenium Development Goal is--

  1. a.
    2010
  2. b.
    2015
  3. c.
    2020
  4. d.
    2025
  5. e.
    2030
Answer: b

Question: What is cause of downward slopping demand curve?

  1. a.
    Diminishing marginal utility
  2. b.
    Diminishing marginal productivity
  3. c.
    Increasing marginal cost
  4. d.
    Future apprehension of price inflation
  5. e.
    None of the above
Answer: a

Question: An inquiary into the Nature and Causes of the wealth of Nation? Who is the writer of this book?

  1. a.
    Alfred Marshall
  2. b.
    Adam Smith
  3. c.
    L. Robins
  4. d.
    Keyns
  5. e.
    None of them
Answer: b

Question: In which year will we achieve Millennium Development Goal(MDG)?

  1. a.
    2010
  2. b.
    2021
  3. c.
    2015
  4. d.
    2030
Answer: c

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