Economics MCQS

661. What does ceteris paribus mean?
A. “Scientific method”
B. “Rational thinking “
C. “Other things remaining unchanged”
D. “There are no free lunches.”*

662. In land-intensive method which means production is used comparatively more:
A. Labour
B. Land
C. Capital
D. Organization

663. Profit-making is a basic motive in:
A. Socialism
B. Mixed economy
C. Communism
D. Capitalism

664. Market mechanism is the feature of:
A. Mixed economy
B. Capitalism
C. Socialism
D. Communism

665. In banking system, the term CD means:
A. Credit or Debit
B. Confidential Debt
C. Certificate of Debt
D. Certificate of Deposit

666. A fixed deposit for a particular time to earn interest is known as:
A. Bond
B. Current account
C. Savings account
D. Certificate of Deposit

467. If price consumption curve will be horizontal on x-axes then elasticity of demand will be:_?
A. Equal to 1
B. Greater than 1
C. Less than 1
D. Equal to 0

668. What is the difference between CDs and Savings Accounts?
I. CDs have fixed time, but savings accounts have not
II. CDs have a fixed interest rate, but savings accounts have not
A) I and II

669. A bank is generally a/an __ institution.
A. Public
B. Financial
C. Policy
D. Investment

670. Most of the banks in a country are
A. Commercial banks
B. Investment banks
C. National banks
D. State banks