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Aptitude Test Topic: Economics

This section is comprised of MCQs on Economics.

Directions

The following are questions on Economics. Select the correct option to represent your answer.

To give the answer click/tap the option alphabet for your answer choice. for correct answer green check and for wrong answer a red cross will appear along with a button to show explanation with or without video of the question answer.

Economics: All Topics Practice MCQ

Question Statement:

Multiplier process in economic theory is conventionally taken to mean:

the manner in which prices increase

the manner in which banks create credit

income of an economy grows on account of an initial investment

the manner in which government expenditure increases

Explanation:

Correct Answer: C

Sol. In economics, a multiplier is a factor of proportionality that measures how much an endogenous variable change in response to a change in some exogenous variable.

Question: 4 Test: 5 of 5 Next Test

Tests

You are taking Aptitude Test No. 5

Each aptitude test is comprised of 10 except the last test which might have fewer than 10 in some topics.

You are at question (MCQ) number 4 and Test Number 5 of Economics: All topics. To deal with Economics questions, you must take lesson on the subject. In case of science and Art subjects revise your text books and in case of general aptitude topics take lessons from the topic page.

The question: Multiplier process in economic theory is conventionally taken to mean: .... with options: the manner in which prices increase, the manner in which banks create credit, income of an economy grows on account of an initial investment , the manner in which government expenditure increases can be solved with the concepts and understanding of Economics.