Question :  The government's policy of reducing taxes to stimulate economic growth is known as ____________.

Option 1: Austerity measures

Option 2: Expansionary fiscal policy 

Option 3: Contractionary fiscal policy

Option 4: Supply-side economics

Question :  ___________ is a process where the central bank reduces the money supply in the economy.

Option 1: Contractionary monetary policy

Option 2: Expansionary monetary policy

Option 3: Quantitative easing

Option 4: Open market operations

Question : Which policy aimed to reduce the fiscal deficit and promote fiscal discipline in the 1991 economic policy?

Option 1: Monetary policy

Option 2: Fiscal policy

Option 3: Public debt policy

Option 4: External debt policy

Question : Custom duty is an instrument of

Option 1: Monetary policy

Option 2: Foreign trade policy

Option 3: Industrial policy

Option 4: Fiscal policy

Question : Which of the following unemployment is the result of depression in an economy?

Option 1: Cyclical unemployment

Option 2: Frictional unemployment

Option 3: Seasonal unemployment

Option 4: Structural unemployment