BCS Written Economics Practice Questions - BCS Written Post-Related Economics, Subject Code 331 (BPSC, Bangladesh) Exam - BCS Written Economics Practice Questions - BCS Written Post-Related Economics, Subject Code 331 (BPSC, Bangladesh) Exam

Question 1

Which statement best distinguishes microeconomics from macroeconomics?

Microeconomics applies solely to developed countries; macroeconomics applies solely to developing countries Microeconomics studies economy-wide aggregates; macroeconomics studies a single firm Microeconomics studies individual units and markets; macroeconomics studies aggregates such as national income and the price level Microeconomics is only about money; macroeconomics is only about goods

Correct Answer:

Microeconomics studies individual units and markets; macroeconomics studies aggregates such as national income and the price level

Question 2

In the simplest closed-economy Keynesian model with no government, equilibrium national income is determined where planned saving equals planned investment. If the consumption function is C = 40 + 0.8Y and planned investment is 60, what is equilibrium income?

200 400 500 800

Correct Answer:

500

Question 3

Why is the simple Keynesian demand-management model often judged less applicable to underdeveloped countries than to mature industrial economies?

Underdeveloped countries have no government sector, so G cannot appear in the income identity Underdeveloped countries have unlimited unused industrial capacity and no supply constraints Keynes assumed unemployed resources with elastic output response; many underdeveloped economies face structural supply bottlenecks, so extra demand may raise prices more than real output Saving is always equal to investment in underdeveloped countries, so the multiplier is zero

Correct Answer:

Keynes assumed unemployed resources with elastic output response; many underdeveloped economies face structural supply bottlenecks, so extra demand may raise prices more than real output

Question 4

If the marginal propensity to consume is 0.75 in a simple Keynesian model with no taxes or foreign trade, and autonomous investment rises by 50, by how much does equilibrium income rise?

37.5 50 150 200

Correct Answer:

200

Question 5

In the Keynesian model, the level of employment in the short run is determined primarily by:

Population growth, which automatically creates matching jobs The real wage that always clears the labor market at full employment Effective demand, that is planned consumption plus planned investment (and other autonomous spending) The quantity of money alone, independent of spending

Correct Answer:

Effective demand, that is planned consumption plus planned investment (and other autonomous spending)

Question 1

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Prepare with the BCS Written Economics Practice Questions - BCS Written Post-Related Economics, Subject Code 331 (BPSC, Bangladesh) Exam practice quiz. This question bank includes 100 questions covering income, price, rises, demand, and good. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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BCS Written Economics Practice Questions - BCS Written Post-Related Economics, Subject Code 331 (BPSC, Bangladesh) Exam

This practice set contains 100 questions from the matching question bank and focuses on income, price, rises, demand, and good. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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BCS Written Economics Practice Questions - BCS Written Post-Related Economics, Subject Code 331 (BPSC, Bangladesh) Exam

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