CFA 2026 Level I Economics Fiscal Policy Free Quiz 2

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CFA 2026 Level I Economics Fiscal Policy Free Quiz 2

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CFA 2026 Level I Economics Fiscal Policy Free Quiz 2

Practice CFA 2026 Level I Economics MCQs from Fiscal Policy. Get instant results with Explanation.

General5 MCQs

11. What is discretionary fiscal policy?

A. Automatic stabilizersB. Monetary policyC. Discretionary fiscal policyD. Supply-side policy

12. What curve shows the relationship between tax rates and tax revenue?

A. Phillips curveB. Lorenz curveC. Demand curveD. Laffer curve

13. Which multiplier is typically larger, the government spending multiplier or the tax multiplier?

A. Government spending multiplier is larger than the tax multiplier.B. Tax multiplier is larger than the government spending multiplier.C. They are equal.D. The relationship depends on the state of the economy.

14. What is the fiscal multiplier?

A. Change in GDP / Change in taxesB. Change in GDP / Change in government spendingC. Change in investment / Change in GDPD. Change in exports / Change in GDP

15. What is the government budget constraint?

A. The balanced budget multiplierB. The debt-to-GDP ratioC. Government spending = Taxes + Borrowing + Money creationD. The primary deficit

General5 MCQs

16. What is a potential negative consequence of expansionary fiscal policy?

A. Multiplier effectB. Crowding-in effectC. Ricardian equivalenceD. Crowding-out effect

17. What is the value of the balanced budget multiplier?

A. Equal to 1B. Less than 1C. Greater than 1D. Zero

18. What is the debt-to-GDP ratio?

A. Budget deficit / GDPB. Government debt / GDPC. Interest payments / GDPD. Primary deficit / GDP

19. What is a concern with a high and rising debt-to-GDP ratio?

A. Low debt-to-GDP ratioB. Balanced budgetC. High and rising debt-to-GDP ratioD. Budget surplus

20. What is the primary deficit?

A. Total budget deficitB. Structural deficitC. Cyclical deficitD. Primary deficit

📋 CFA - Test Online Practice Quizzes

CFA

Conducting Body: CFA Institute

Frequency: 4 times a year (February, May, August, November) | Time: 135 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 90 MCQs):

Alternative Investments: 8 MCQs
Corporate Issuers: 7 MCQs
Derivatives: 5 MCQs
Economics: 7 MCQs
Equity Investments: 12 MCQs
Ethics: 16 MCQs
Financial Statement Analysis: 11 MCQs
Fixed Income: 11 MCQs
Portfolio Management: 9 MCQs
Quant Methods: 6 MCQs

Merit Formula: -

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