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Monday, 13 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 2576:
When price elasticity of supply is equal to 0.4, supply is said to be
  • A Inelastic
  • B Elastic
  • C Unitary elastic
  • D Public utilities
View Answer & Explanation
Question 2577:
In the money market , money can only be borrowed for
  • A Long term
  • B Short term
  • C Capital project
  • D Public utilities
View Answer & Explanation
Question 2578:
Deflation can be controlled by increase in
  • A The bank rate
  • B Income tax
  • C The price level
  • D The budget deficit
View Answer & Explanation
Question 2579:
Mortgage banks give loan to investors on long term basis to
  • A Finance agriculture
  • B Establish banks
  • C Acquire machinery
  • D Build houses
View Answer & Explanation
Question 2580:
The situation where by a government spends more than its budgets for a fiscal year is known as
  • A Extra budget
  • B Surplus budget
  • C Mid-year budget
  • D Deficit budget
View Answer & Explanation