Basic Economy Questions for MCQ Scholarships

The largest stock exchange of the world is:

1. NASDAQ
2. New York Stock Exchange
3. Shanghai Stock Exchange
4. Tokyo Stock Exchange

Correct answer: 2. New York Stock Exchange

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Major source of income for the majority of people in the world is:

1. Business
2. Properties they put on rent
3. Salary/Wages
4. Stock exchange investments

Correct answer: 3. Salary/Wages

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Jack introduces a new product in the market which solves the problem of people. Jack makes big profits from that product. Jack can be best described as:

1. HR Office
2. An Entrepreneur
3. A good project director
4. Corporate manager

Correct answer: 2. An Entrepreneur

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NSE stands for:

1. National stock exchange
2. Netherlands stock exchange
3. New stock exchange
4. All of above

Correct answer: 1. National stock exchange

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Govt arranged a meeting focused on boosting the literacy rate of a certain state. Which of the following suggestion will be best for boosting the literacy rate:

1. Implement new taxes on education products
2. Announce scholarships for students
3. Increase the number of daily attendance hours
4. All of these

Correct answer: 2. Announce scholarships for students