MCQOPTIONS
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MCQOPTIONS
This section includes 864 Mcqs, each offering curated multiple-choice questions to sharpen your General Knowledge (GK) knowledge and support exam preparation. Choose a topic below to get started.
| 551. |
A speculator who sells stocks, in order to buy back when price falls, for gain is a - |
| A. | Bull |
| B. | Bear |
| C. | Boar |
| D. | Bison |
| Answer» C. Boar | |
| 552. |
Which one of the following is not included in current revenue of the Union Government? |
| A. | Tax revenue |
| B. | Non-tax revenue |
| C. | Loans |
| D. | interest payments |
| Answer» D. interest payments | |
| 553. |
A daily index of prices on the principal stock exchange in New York is called: |
| A. | Dow Jones industrial average |
| B. | Equity market indexl |
| C. | Both of the above |
| D. | None of the above |
| Answer» B. Equity market indexl | |
| 554. |
The sale of shares on the stock exchange in order to realize capital appreciation is known as: |
| A. | Profit Sharing |
| B. | Profit Taking |
| C. | Dividends |
| D. | Equity |
| Answer» C. Dividends | |
| 555. |
One who owes money to another is known as |
| A. | Creditor |
| B. | Debtor |
| C. | Both of the above |
| D. | None of the above |
| Answer» C. Both of the above | |
| 556. |
The difference between the GNP and the NNP is equal to the - |
| A. | consumer expenditure on durable goods |
| B. | direct tax revenue |
| C. | indirect tax revenue |
| D. | capital depreciation |
| Answer» E. | |
| 557. |
Nature of unemployment in agriculture in India is - |
| A. | only seasonal |
| B. | only disguised |
| C. | Both (1) and (2) |
| D. | None of the above |
| Answer» D. None of the above | |
| 558. |
One to whom an amount of money is due is called: |
| A. | Creditor |
| B. | Debtor |
| C. | Both of the above |
| D. | None of the above |
| Answer» B. Debtor | |
| 559. |
Monopoly means - |
| A. | single buyer |
| B. | many sellers |
| C. | single seller |
| D. | many buyers |
| Answer» D. many buyers | |
| 560. |
What does the letter `e' denotes in the term `e - banking'? |
| A. | Essential Banking |
| B. | Economic Banking |
| C. | Electronic Banking |
| D. | Expansion Banking |
| Answer» D. Expansion Banking | |
| 561. |
What is the term for stocks of raw materials work in progress and finished goods? |
| A. | Inventory |
| B. | Checklist |
| C. | Stock |
| D. | Statement |
| Answer» B. Checklist | |
| 562. |
Which activity is not included in production? |
| A. | Production of wheat by a farmer |
| B. | Production of medicines by a company |
| C. | Services given by a nurse in hospital |
| D. | Services done by a house-wife in her own house |
| Answer» E. | |
| 563. |
Which term is not related to banking? |
| A. | C.R.R. |
| B. | N .E.E .R. |
| C. | S.L.R. |
| D. | Fixed Deposits |
| Answer» C. S.L.R. | |
| 564. |
A loss in social welfare deriving from a policy or action that has no corresponding gain is called: |
| A. | Deadweight Waste |
| B. | Deadweight Loss |
| C. | Both of the above |
| D. | None of the above |
| Answer» C. Both of the above | |
| 565. |
Which of the following statement is not false? |
| A. | Pakistan's balance of payments is mostly favourable |
| B. | Terms of trade of Pakistan are favourable |
| C. | Devaluation makes the exports to increase |
| D. | Pakistan imports cotton and exports wheat |
| Answer» D. Pakistan imports cotton and exports wheat | |
| 566. |
The difference between the amount produced by a firm and the higher amount that could most efficiently be produced is termed as: |
| A. | Excess Profit |
| B. | Excess Supply |
| C. | Excess Capacity |
| D. | Excess Demand |
| Answer» D. Excess Demand | |
| 567. |
Regional Rural Banks arc sponsored by |
| A. | Nationalized Commercial Bank |
| B. | Reserve Bank of India |
| C. | State Bank of India |
| D. | Government of India |
| Answer» B. Reserve Bank of India | |
| 568. |
In accounting terms, what constitutes the 'closing stock'? |
| A. | Net Investment |
| B. | Gross Investment-Capital Losses |
| C. | Opening Stock-Capital Losses |
| D. | Opening Stock + Net Investment - Capital Losses |
| Answer» E. | |
| 569. |
In India, disguised unemployment is generally observed in - |
| A. | the Agricultural sector |
| B. | the Factory sector |
| C. | the Service sector |
| D. | All these sectors |
| Answer» B. the Factory sector | |
| 570. |
In a business, raw materials, components, work in progress and finished goods are jointly regarded as - |
| A. | capital stock |
| B. | inventory |
| C. | investment |
| D. | net worth |
| Answer» C. investment | |
| 571. |
The remuneration of the entrepreneur in production is - |
| A. | Pure profit |
| B. | Gross profit |
| C. | Net profit |
| D. | Super-normal profit |
| Answer» D. Super-normal profit | |
| 572. |
Barter transactions means - |
| A. | Goods are exchanged with gold. |
| B. | Coins are exchanged for goods. |
| C. | Money acts as a medium of exchange. |
| D. | Goods are exchanged with goods. |
| Answer» E. | |
| 573. |
Which of the following relations always holds true? |
| A. | Income = Consumption + Investment |
| B. | Income = Consumption + Saving |
| C. | Saving = Investment |
| D. | Income = Consumption + Saving + Investment |
| Answer» C. Saving = Investment | |
| 574. |
Which of the following is the website address of the World Trade Organization? |
| A. | http://www.wto.com |
| B. | http://www.wto.org |
| C. | http://www.wtosecretariat.org |
| D. | http://www.wtosecretariat.com |
| Answer» C. http://www.wtosecretariat.org | |
| 575. |
Seawater, fresh air, etc., are regarded in Economics as - |
| A. | Giffen goods |
| B. | inferior goods |
| C. | free goods |
| D. | normal goods |
| Answer» D. normal goods | |
| 576. |
The total increase in the welfare of society from an economic action is called: |
| A. | Fringe Benefits |
| B. | Social Benefits |
| C. | Individual Benefits |
| D. | None of the above |
| Answer» C. Individual Benefits | |
| 577. |
The basis of determining dearness allowance to employees in India is - |
| A. | National Income |
| B. | Consumer Price Index |
| C. | Standard of Living |
| D. | Inflation Rate |
| Answer» C. Standard of Living | |
| 578. |
The first volume of Karl Marx s greatest work Das kapital was published in 1887. The next two volumes were published posthumously. Who edited those volumes? |
| A. | Adam Smith |
| B. | Thomas Malthus |
| C. | Friendrich Engles |
| D. | Josphe Stalin |
| Answer» D. Josphe Stalin | |
| 579. |
How will a reduction in 'Bank Rate' affect the availability of credit? |
| A. | Credit will increase |
| B. | Credit will not increase |
| C. | Credit will decrease |
| D. | None of these |
| Answer» B. Credit will not increase | |
| 580. |
The Communist Manifesto appeared in 1848. It is regarded as a classic exposition of modern Communist views and it influenced all subsequent Communist literature. Karl Marx completed it alongwith |
| A. | Friedrich Engels |
| B. | Thomas Mathus |
| C. | Adam Smith |
| D. | Vladimir Illich Lenin |
| Answer» B. Thomas Mathus | |
| 581. |
Which famous thinker and economic philosopher said, Religion is the opium of the people. ? |
| A. | Adam Smith |
| B. | Thomas Malthus |
| C. | Karl Marx |
| D. | John Maynard Keynes |
| Answer» D. John Maynard Keynes | |
| 582. |
In a fully planned economy, who decided what would be produced: |
| A. | Private entrepreneurs only |
| B. | Government only |
| C. | Consumers only |
| D. | The government in public enterprise and private entrepreneurs in private enterprises |
| Answer» C. Consumers only | |
| 583. |
In the context of the stock market, IPO stands for - |
| A. | Immediate Payment Order |
| B. | Internal Policy Obligation |
| C. | Initial Public Offer |
| D. | International Payment Obligation |
| Answer» D. International Payment Obligation | |
| 584. |
The economist who believed that unemployment is impossible and that market mechanism has a built in regulatory system to meet any ups and downs - |
| A. | J.M.Keynes |
| B. | Ohlin |
| C. | J. B. Say |
| D. | Galbraith |
| Answer» D. Galbraith | |
| 585. |
Which British philosopher and economist is regarded as founder of modern Economics ? |
| A. | Thomas Malthus (1766 1834) |
| B. | Adam Smith (1723 1790) |
| C. | Karl Marx (1818 1883) |
| D. | All of the above |
| Answer» C. Karl Marx (1818 1883) | |
| 586. |
The main feature of a capitalist economy is - |
| A. | Administered prices |
| B. | Public ownership |
| C. | Economic planning |
| D. | Private ownership |
| Answer» E. | |
| 587. |
OPEC's largest oil producing country is: |
| A. | Kuwait |
| B. | Iran |
| C. | Saudi Arabia |
| D. | U.A.E |
| Answer» D. U.A.E | |
| 588. |
One advantage for the capitalist system for allocating resources in economy is that it: |
| A. | Avoids unemployment |
| B. | Reduces inequality of incomes |
| C. | Affords the fullest opportunity for individuals to indicate their preferences for goods within the limits of their spending power |
| D. | Always results in goods being produced at the lowest possible cost. |
| Answer» D. Always results in goods being produced at the lowest possible cost. | |
| 589. |
According to Malthusian theory of population - |
| A. | Population increases in geometric ratio, food supply increases in arithmetic ratio |
| B. | Population increases in arithmetic ratio, food supply increases in geometric ratio |
| C. | Population increases in a harmonic mean, food supply increases in geometric ratio |
| D. | Population increases in a harmonic ratio, food supply increases in a arithmetic ratio |
| Answer» B. Population increases in arithmetic ratio, food supply increases in geometric ratio | |
| 590. |
Which of the following is/are true for a capitalist society? |
| A. | People have the right to own private property |
| B. | There is freedom of enterprise |
| C. | Freedom of choice for the consumers |
| D. | All of the above |
| Answer» E. | |
| 591. |
Which one among the following statements is truly explain the `Laissez Faire' theory? |
| A. | State should refrain from all intervention in economic affairs |
| B. | State should manage every field of economic activities for the benefit of the public |
| C. | There should be fair distribution of wealth in the society |
| D. | None of the above one |
| Answer» B. State should manage every field of economic activities for the benefit of the public | |
| 592. |
Gross National Product - Depreciation Allowance =? |
| A. | Per Capita Income |
| B. | Gross Domestic Product |
| C. | Personal Income |
| D. | Net National Product |
| Answer» E. | |
| 593. |
Malthusian theory of population explored the relationship between - |
| A. | food supply and technology |
| B. | food supply and population growth |
| C. | population growth and development |
| D. | optimum growth and resources |
| Answer» C. population growth and development | |
| 594. |
A decline in the share of manufacturing sector in national income is termed as: |
| A. | Industralization |
| B. | Privatization |
| C. | Nationalization |
| D. | Deindustralization |
| Answer» E. | |
| 595. |
Which of the following countries could most aptly be described as having a fully centrally planned economy? |
| A. | U.K. |
| B. | U.S.A. |
| C. | Former U.S.S.R. |
| D. | Germany |
| Answer» D. Germany | |
| 596. |
Karl Marx (1818 1883) was a German political philosopher and economist. He is one of the most influential thinkers of all times. Which of the following is his work? |
| A. | The Communist Manifesto |
| B. | Critique of Political Economy |
| C. | Das Kapital |
| D. | All of the above |
| Answer» E. | |
| 597. |
Kisan Credit Card scheme was introduced in - |
| A. | 1991 |
| B. | 1996 |
| C. | 1998 |
| D. | 2000 |
| Answer» D. 2000 | |
| 598. |
Which of the following countries could most aptly be described as having a fully centrally planned economy? |
| A. | U.K. |
| B. | USA |
| C. | Cuba |
| D. | 144 |
| Answer» D. 144 | |
| 599. |
One of the essential conditions of Monopolistic competition is - |
| A. | Many buyers but one seller |
| B. | Price discrimination |
| C. | Product differentiation |
| D. | Homogeneous product |
| Answer» D. Homogeneous product | |
| 600. |
Buffer stock operations are conducted by - |
| A. | Warehousing Corporation of India |
| B. | State Trading Corporation of India |
| C. | Food Corporation of India |
| D. | Ministry of Agriculture |
| Answer» D. Ministry of Agriculture | |