MCQOPTIONS
Saved Bookmarks
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.
| 151. |
If the supply curve is a straight line passing through the origin, then the price elasticity of supply will be - |
| A. | less than unity |
| B. | infinitely large |
| C. | greater than unity |
| D. | equal to unity |
| Answer» E. | |
| 152. |
The currency traded in a foreign exchange market for which demand is persistently high relative to supply is called: |
| A. | Soft currency |
| B. | Bad currency |
| C. | Hard currency |
| D. | Hot currency |
| Answer» D. Hot currency | |
| 153. |
Which of the following is an inverted `U' shaped curve? |
| A. | Average cost |
| B. | Marginal cost |
| C. | Total cost |
| D. | Fixed cost |
| Answer» B. Marginal cost | |
| 154. |
The 'breali-even point' is where - |
| A. | marginal revenue equals marginal cost |
| B. | average revenue equals average cost |
| C. | total revenue equals total cost |
| D. | None of these |
| Answer» C. total revenue equals total cost | |
| 155. |
Debenture holders of a company are its - |
| A. | Shareholders |
| B. | Creditors |
| C. | Debtors |
| D. | Directors |
| Answer» C. Debtors | |
| 156. |
AGMARK is a guarantee of standard: |
| A. | quality |
| B. | quantity |
| C. | weight |
| D. | size |
| Answer» B. quantity | |
| 157. |
The supply of labour in the market depends on - |
| A. | the proportion of the population in the labour force |
| B. | the number of person hours put in by each person |
| C. | the size of population |
| D. | All the above |
| Answer» E. | |
| 158. |
The system of agricultural support by which market prices are fixed at above free market levels and government buys surpluses, thus supporting prices and raising farmer s income is called: |
| A. | Price Regulation |
| B. | Price Support |
| C. | Price System |
| D. | None of the above |
| Answer» C. Price System | |
| 159. |
Money market is a market for - |
| A. | Short term fund |
| B. | Long term fund |
| C. | Negotiable instruments |
| D. | Sale of shares |
| Answer» B. Long term fund | |
| 160. |
An economy when private and government enterprises both operates, is: |
| A. | Free economy |
| B. | Closed economy |
| C. | Joint economy |
| D. | Mixed economy |
| Answer» E. | |
| 161. |
An economic theory is a/an - |
| A. | Axion |
| B. | Proposition |
| C. | Hypothesis |
| D. | Tested hypothesis |
| Answer» C. Hypothesis | |
| 162. |
The compulsory transfer of money from private individuals, institutions or groups to the government is called: |
| A. | Tax burden |
| B. | Tax evasion |
| C. | Taxation |
| D. | Tax yield |
| Answer» D. Tax yield | |
| 163. |
The value of the output of all goods and services produced within a nation's borders, normally given as a total for the year. It thus includes the production of foreign owned firms within the country, but excludes the income from domestically owned firms located abroad, is called: |
| A. | Gross National Product |
| B. | Gross Home Products |
| C. | Gross Domestic Product |
| D. | General Domestic Production |
| Answer» D. General Domestic Production | |
| 164. |
Whe a large number of investors in a country transfer investments elsewhere because of disturbed economic conditions, it is called - |
| A. | Transfer of Capital |
| B. | Escape of Capital |
| C. | Outflow of Capital |
| D. | Flight of Capital |
| Answer» E. | |
| 165. |
Labour Intensive Technique would get chosen in a - |
| A. | Labour Surplus Economy |
| B. | Capital Surplus Economy |
| C. | Developed Economy |
| D. | Developing Economy |
| Answer» B. Capital Surplus Economy | |
| 166. |
Which nationalized bank of India has a shining star as its emblem? |
| A. | Syndicate Bank |
| B. | Indian Bank |
| C. | Bank of India |
| D. | Bank of Baroda |
| Answer» D. Bank of Baroda | |
| 167. |
Coal mines were Nationalized in the year : |
| A. | 1970 |
| B. | 1971 |
| C. | 1972 |
| D. | 1976 |
| Answer» D. 1976 | |
| 168. |
The part of the economy in which economy activity is carried on by private enterprise is termed: |
| A. | Personal Sector |
| B. | Corporate Sector |
| C. | Private Sector |
| D. | Public Sector |
| Answer» D. Public Sector | |
| 169. |
In UK, who is the first Lord of the Treasury? |
| A. | Queen |
| B. | King |
| C. | Prime Minister |
| D. | Finance Minister |
| Answer» D. Finance Minister | |
| 170. |
Claims on another country held in the form of the currency of that country are known as: |
| A. | Foreign Aid |
| B. | Foreign Exchange |
| C. | Both of the above |
| D. | None of the above |
| Answer» C. Both of the above | |
| 171. |
What is the term used for the flow of goods and services that enter for sale into one country and which is product of another country? |
| A. | Exports |
| B. | Imports |
| C. | Income |
| D. | Gross Domestic Product (GDP) |
| Answer» C. Income | |
| 172. |
Pegging up of a currency means, fixing the value of a currency - |
| A. | at a constant level |
| B. | at a lower level |
| C. | at a higher level |
| D. | leaving it to market forces |
| Answer» B. at a lower level | |
| 173. |
Deficit financing is an instrument of - |
| A. | monetary policy |
| B. | credit policy |
| C. | fiscal policy |
| D. | tax policy |
| Answer» D. tax policy | |
| 174. |
Interest on public, debt is part of - |
| A. | Transfer payments by the enterprises |
| B. | Transfer payments by the government. |
| C. | National income |
| D. | Interest payments by households |
| Answer» C. National income | |
| 175. |
The incidence of Tax refers to - |
| A. | Who pays the Tax? |
| B. | Who bears the burden of Tax? |
| C. | How Taxes can be shifted? |
| D. | Who transfers the Tax burden? |
| Answer» C. How Taxes can be shifted? | |
| 176. |
Gross National Product means - |
| A. | gross value of finished goods |
| B. | money values of the total national production for any given period |
| C. | gross value of raw materials and semi- finished products |
| D. | money value of inputs and outputs |
| Answer» C. gross value of raw materials and semi- finished products | |
| 177. |
Core Industries are - |
| A. | Basic industries |
| B. | Consumer goods industries |
| C. | Capital goods industries |
| D. | Government industries |
| Answer» B. Consumer goods industries | |
| 178. |
Who propounded the 'market law? |
| A. | Adam Smith |
| B. | J.B. Say |
| C. | T.R. Malthus |
| D. | David Recardo |
| Answer» C. T.R. Malthus | |
| 179. |
The hypothesis that rapid growth of per capita income will be associated with a reduction in poverty is called - |
| A. | trickle down Hypothesis |
| B. | trickle up hypothesis |
| C. | U shaped hypothesis |
| D. | poverty estimation hypothesis |
| Answer» B. trickle up hypothesis | |
| 180. |
The self-employed in a developing country who are engaged in small scale labour intensive work belong to the - |
| A. | Informal sector |
| B. | Primary sector |
| C. | Secondary sector |
| D. | Tertiary sector |
| Answer» C. Secondary sector | |
| 181. |
"he national income consists of a collection of goods and services reduced to common basis by being measured in terms of money," Who says this? |
| A. | Samuelson |
| B. | Kuznets |
| C. | Hicks |
| D. | Pigou |
| Answer» D. Pigou | |
| 182. |
Average Fixed Cost Curve is - |
| A. | Upward sloping |
| B. | `U' shaped |
| C. | 'V' shaped |
| D. | Downward sloping |
| Answer» E. | |
| 183. |
Production of a commodity mostly through the natural process is an activity of - |
| A. | Primary Sector |
| B. | Secondary Sector |
| C. | Tertiary Sector |
| D. | Technology Sector |
| Answer» B. Secondary Sector | |
| 184. |
The incomes of Indians working abroad are a part of - |
| A. | domestic income of India |
| B. | income earned from Abroad |
| C. | net domestic product of India |
| D. | gross domestic product of India |
| Answer» D. gross domestic product of India | |
| 185. |
Lorenz curve shows - |
| A. | Inflation |
| B. | Unemployment |
| C. | Income distribution |
| D. | Poverty |
| Answer» D. Poverty | |
| 186. |
The Ouadrilaterals or the Quad are the four largest members. Besides European Union others are |
| A. | United States |
| B. | Canada |
| C. | Japan |
| D. | All of the above |
| Answer» E. | |
| 187. |
The fixed cost on such factors of production which are neither hired nor bought by the firm is called - |
| A. | social cost |
| B. | opportunity cost |
| C. | economic cost |
| D. | surcharged cost |
| Answer» B. opportunity cost | |
| 188. |
Price theory is also known as - |
| A. | Macro Economics |
| B. | Development Economics |
| C. | Public Economics |
| D. | Micro Economics |
| Answer» E. | |
| 189. |
Gross Profit means - |
| A. | Total investment over total saving |
| B. | Changes in methods of production |
| C. | Changes in the form of business organisation |
| D. | Total receipts over total expenditure |
| Answer» E. | |
| 190. |
Short-term loans to the public for the purchase of specific goods is called: |
| A. | Commercial Credit |
| B. | Public Credit |
| C. | Consumer Credit |
| D. | None of the above |
| Answer» D. None of the above | |
| 191. |
The part of current assets financed from long term funds is called: |
| A. | Working Capital |
| B. | Investment |
| C. | Current Equity |
| D. | Working Equity |
| Answer» B. Investment | |
| 192. |
Interest paid by the government on the loans raised is called - |
| A. | Debt Servicing |
| B. | Deficit Financing |
| C. | Discounted Budgeting |
| D. | Bridge-loan |
| Answer» B. Deficit Financing | |
| 193. |
Instruments for short-term borrowing by the government are called: |
| A. | Treasury Bills |
| B. | Treasury Notes |
| C. | Credit Line |
| D. | Promissory Notes |
| Answer» B. Treasury Notes | |
| 194. |
Longterm funds in the capital, market can be raised either by borrowing from certain institutions or through - |
| A. | issue of note |
| B. | taking loan from Government |
| C. | issue of securities |
| D. | taking loan from foreign institutions |
| Answer» D. taking loan from foreign institutions | |
| 195. |
A deduction from face value is referred to as: |
| A. | Premium |
| B. | Discount |
| C. | Reward |
| D. | None of the above |
| Answer» C. Reward | |
| 196. |
The functional relationship between income and consumption expenditure is explained by - |
| A. | Consumer' Surplus |
| B. | Law of Demand |
| C. | Law of Supply |
| D. | Keynes's psychological law of consumption |
| Answer» E. | |
| 197. |
The use of resources to satisfy current needs and wants is called: |
| A. | Depletion |
| B. | Dissipation |
| C. | Consumption |
| D. | Destruction |
| Answer» D. Destruction | |
| 198. |
The demand of a commodity is a direct demand but the demand of a factor of production is called a - |
| A. | Crossed demand |
| B. | Joint demand |
| C. | Derived demand |
| D. | Independent demand |
| Answer» D. Independent demand | |
| 199. |
The demand for two or more commodities or factor of production that are used together so that a change in demand for one will be reflected in a change in demand for other e.g., cloth and thread is called |
| A. | Joint Demand |
| B. | Complementary Demand |
| C. | Isolated Demand |
| D. | Both a and b |
| Answer» E. | |
| 200. |
"Zakat" is a charity on: |
| A. | Wealth/income which stays with a Muslim for at least one year |
| B. | Levied on a Muslim who is Sahib-e-Nisab |
| C. | Deducted at the rate of 2 % of the income |
| D. | All of the above |
| Answer» E. | |