1. Important Concepts in Micro & Macroeconomics

General Knowledge Test with questions on Important Concepts in Microeconomics for UPSC, SSC, Banking, UPPSC, RPSC, KAS, MPSC, MPPSC etc. Examinations.

An autonomous increase in expenditure should result in an increase in a country’s real GNP only if ?
Which among the following is considered to be the main determinant of the level of activity is in national income terms?
A systematic record of all economic transactions completed between residents of a country and the rest of the world in a year is known as..?
Which among the following is a suitable term for the state of economy in which economic activity is slowing down but wages and prices continue to rise ?
Which among the following is the branch of economics that deals with the performance, structure, and behavior of the economy of the entire community, either a nation, a region, or the entire world?

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