#1
Which of the following is a key principle of good governance?
Corruption
Transparency
Nepotism
Authoritarianism
#2
In governance, what is the concept of 'checks and balances' designed to prevent?
Corruption
Tyranny or abuse of power
Economic recession
Political apathy
#3
Which economic school of thought emphasizes the role of aggregate demand in influencing economic fluctuations?
Austrian economics
Keynesian economics
Neoclassical economics
Monetarism
#4
In economic governance, what does the term 'inflation targeting' refer to?
Controlling interest rates
Managing budget deficits
Setting specific inflation goals
Promoting international trade
#5
In governance, what is the purpose of a separation of powers among different branches of government?
Concentrating power in one branch
Ensuring checks and balances
Promoting authoritarianism
Minimizing citizen participation
#6
What is the primary goal of fiscal policy?
Stabilizing prices
Maximizing employment
Reducing income inequality
Promoting economic growth
#7
Which economic theory advocates minimal government intervention in the market?
Keynesian economics
Monetarism
Classical liberalism
Marxism
#8
What is the role of the central bank in economic governance?
Political decision-making
Issuing currency and monetary policy
Executing fiscal policies
Regulating international trade
#9
Which economic indicator measures the average prices of goods and services in an economy?
Gross Domestic Product (GDP)
Unemployment rate
Consumer Price Index (CPI)
Balance of Trade
#10
What is the purpose of a sovereign wealth fund in economic governance?
Encouraging consumer spending
Investing in foreign currencies
Managing government revenues for long-term wealth
Funding political campaigns
#11
What is the concept of 'Rule of Law' in governance?
Rule by the majority
Equality of outcome
Fair and just legal system
Dictatorship
#12
In the context of economic policies, what does 'Laissez-faire' mean?
Government intervention
Hands-off or non-intervention
Socialism
Command economy
#13
What is the primary goal of monetary policy?
Stabilizing prices
Maximizing employment
Reducing income inequality
Promoting economic growth
#14
According to classical economic theory, what is the primary driver of economic growth?
Government intervention
Consumer spending
Investment and savings
Trade deficits
#15
In governance, what does the term 'social contract' refer to?
Legal agreements between nations
Contractual relationships in the business sector
Agreement between citizens and the government
International trade agreements