Basic Concepts of Economics

1. Backward integration is:

• ক. A vertical integration in which a consumer of raw materials acquires its supplies.
• খ. A horizontal integration in which a consumer of raw materials acquires its supplies.
• গ. Ensuring that factory is located near a river at its backward
• ঘ. Ensuring that factory is pollution free

2. How many gas field have been identified for exploration in Bangladesh?

• ক. 22
• খ. 23
• গ. 24
• ঘ. 21

3. In which of the following mineral resources is the most important for Bangladesh:

• ক. Oil
• খ. Gold
• গ. Hard Rock
• ঘ. Gas

4. In which year will we achieve Millennium Development Goal(MDG)?

• ক. 2010
• খ. 2021
• গ. 2015
• ঘ. 2030

5. Who is the lomgest serving Finance Minister of Bangladesh?

• ক. MA Muhit
• খ. M Syeduzzaman
• গ. SAMS Kibria
• ঘ. M Saifur Rahman

6. The current growth rate of population in Bagladesh is--

• ক. 1.82%
• খ. 2.23%
• গ. 1.41%
• ঘ. 1.12%

7. According to ADB/World Bank, the expected GDP growth rate of Bangladesh in the current fiscal year is expected to be close to:

• ক. 9%
• খ. 8%
• গ. 7%
• ঘ. 5%

8. Resource in an economy--

• ক. Are always fixed
• খ. Can Never decrease
• গ. Always increase over time
• ঘ. Are limited at any moment in time

9. An increase in investment is most likely to be caused by--

• ক. Lower interest rates
• খ. Lower National income
• গ. A decrease in the marginal propensity to consume
• ঘ. An increase in withdrawals

10. The Hon'able Minister, Ministry of Finance, Government of the People's Republic of Bangladesh is--

• ক. Mr. Abul Maal Abdul Muhith
• খ. Dr. Dipu Moni
• গ. Begum Sahara Khatun
• ঘ. Air vice Marshal (Rtd.) A. K. Khandaker

11. Investment depends mainly on:

• ক. Past levels of income
• খ. Future expected profits
• গ. Present national income levels
• ঘ. Historic data

12. Which sector uses largest volume of gas in Bangladesh?

• ক. DESA
• খ. BPBD
• গ. Households
• ঘ. Fertilizer factors

13. In 2003-04, Bangladesh received the highest foreign currency remittance from--

• ক. Japan
• খ. USA
• গ. Malaysia
• ঘ. Saudi Arabia

14. Which one is usually bigger, GNP, GDP or NNP?

• ক. GDP
• খ. GNP
• গ. NNP
• ঘ. All these are equal

15. HDI is an index that represents development of a country by:

• ক. Taking income, education and health under consideration
• খ. Taking income, environment and corruption under consideration
• গ. Taking income, growth and inflation under consideration
• ঘ. Taking income, education and child mortality under consideration

16. TIN Stands for--

• ক. Tax Identification Number
• খ. Tuna Bread Nuggest
• গ. Tin In Noon
• ঘ. Tower In Netherlands

17. The sector That consumes the most natural gas in Bangladesh is--

• ক. Transportation
• খ. Power
• গ. Fertilizer
• ঘ. Households

18. The acronym GDP stands for?

• ক. Growth of Domestic Product
• খ. Gross Domestic Product
• গ. Growing Diversified Product
• ঘ. General Domestic Product

19. Who is the founder of classical economics?

• ক. David Ricardo
• খ. Adam Smith
• গ. Paul Samuelson
• ঘ. J. M. Keynes

20. The GDP growth rate of Bangladesh in the year 2005-06 was--

• ক. 5.88%
• খ. 5.91%
• গ. 6.71%
• ঘ. 8.81%

21. The contribution of the 'Agricultural sector in GDP in Bangladesh in 2005-06 was--

• ক. 18.81%
• খ. 21.77%
• গ. 25.76%
• ঘ. 26.78%

22. The target year of achieving the Millenium Development Goal is--

• ক. 2010
• খ. 2015
• গ. 2020
• ঘ. 2025

23. The price elasticity is-- 0.71 means?

• ক. an increase in price by Tk 1 increases the demand by Tk 0.71
• খ. an increase in price by 1% reduces the demand by 0.71%
• গ. an increase in price by Tk 0.71 reduces the demand by Tk 1
• ঘ. an increase in price by Tk 0.71% increases the demand by Tk 1%

24. 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?

• ক. 500
• খ. 400
• গ. 300
• ঘ. 200

25. Disposable personal income basically measures--

• ক. households spending
• খ. all monetary payments to workers
• গ. the amount of money households have for spending after contractual obligation
• ঘ. compensation to employees minus income tax deduction