Economics

The central bank cuts interest rates. What happens next?:

People borrow more Saving becomes more attractive Loans get more expensive House prices drop

In 2018, the US imposed tariffs on Chinese goods. What was the goal?:

Encourage free trade Reduce domestic inflation Protect US industries Increase Chinese exports

OPEC (Oil Producing Countries) controls oil supply to influence prices. What kind of market is this?:

Monopoly Perfect competition Oligopoly Free market

The Indian government often reduces import duties on crude oil during price spikes. What is the main reason?:

To boost exports To control inflation To weaken the rupee To reduce fuel demand

Despite high GDP growth, India has struggled with ‘jobless growth.’ Why?:

More investments in capital-intensive industries High minimum wages Declining foreign direct investment Overregulation in the private sector

India has a factory in China. China has a factory in India. Which one counts in India’s GDP?:

The Indian factory in China The Chinese factory in India Both Neither

If everyone starts saving more and spending less, what happens to the economy?:

It grows It shrinks It stays the same More jobs are created

Your Score

70%

Login