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Basic Concepts of Economics

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Question: Which is not to be considered as economic goal?

  1. a.
    Full employment
  2. b.
    Economic stability
  3. c.
    Perfect competition
  4. d.
    Economic security
  5. e.
    None of these
Answer: c

Question: Disposable personal income basically measures--

  1. a.
    households spending
  2. b.
    all monetary payments to workers
  3. c.
    the amount of money households have for spending after contractual obligation
  4. d.
    compensation to employees minus income tax deduction
  5. e.
    the difference between personal income and personal taxes
Answer: e

Question: Bangladesh is ---- country.

  1. a.
    developed
  2. b.
    undeveloped
  3. c.
    least developed
  4. d.
    under developed
  5. e.
    None of the above
Answer: c

Question: In which market advertising cost is not essential?

  1. a.
    Monopoly
  2. b.
    Perfect competition
  3. c.
    Duopoly
  4. d.
    Oligopoly
  5. e.
    None of the above
Answer: b

Question: The contribution of the 'Agricultural sector in GDP in Bangladesh in 2005-06 was--

  1. a.
    18.81%
  2. b.
    21.77%
  3. c.
    25.76%
  4. d.
    26.78%
  5. e.
    None of these
Answer: b

Question: Which one is the unique determinant of investment?

  1. a.
    Interers rate
  2. b.
    Inventory
  3. c.
    Capital
  4. d.
    Savings
  5. e.
    None of the above
Answer: a

Question: Which products are used in production process insted of consumption is called--

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

Question: If the total cost C = 1000 + 0.2s, where 's' is the sales volume, the variable cost on sales of Tk. 1000 will be Taka?

  1. a.
    500
  2. b.
    400
  3. c.
    300
  4. d.
    200
  5. e.
    100
Answer: d

Question: Who is the lomgest serving Finance Minister of Bangladesh?

  1. a.
    MA Muhit
  2. b.
    M Syeduzzaman
  3. c.
    SAMS Kibria
  4. d.
    M Saifur Rahman
  5. e.
    None of them
Answer: d

Question: In which market commodition price is fined?

  1. a.
    Monopoly
  2. b.
    Perfect competition
  3. c.
    Oligopoly
  4. d.
    Monopolistic competition
  5. e.
    None of the above
Answer: b

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