MCQOPTIONS
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MCQOPTIONS
This section includes 1254 Mcqs, each offering curated multiple-choice questions to sharpen your General Knowledge knowledge and support exam preparation. Choose a topic below to get started.
| 401. |
The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good. |
| A. | monotonic |
| B. | indifferent |
| C. | market demand |
| D. | diminishing |
| Answer» D. diminishing | |
| 402. |
The consumption schedule is such that |
| A. | the MPC and the APC must be equal at all levels of income. |
| B. | the APC is constant and the MPC declines as income rises. |
| C. | both the APC and the MPC increase as income rises. |
| D. | the MPC is constant and the APC declines as income rises. |
| Answer» E. | |
| 403. |
The consumption and saving schedules reveal that the: |
| A. | MPC and APC are equal at the point where the consumption schedule intersects the 45-degree line. |
| B. | MPC is equal to or greater than one at all income levels. |
| C. | MPC is greater than zero, but less than one. |
| D. | APS is positive at all income levels. |
| Answer» D. APS is positive at all income levels. | |
| 404. |
The concept of net domestic investment refers to |
| A. | the difference between the market value and book value of outstanding capital stock. |
| B. | total investment less the amount of investment goods used up in producing the year's output. |
| C. | the amount of machinery and equipment used up in producing the GDP in a specific year. |
| D. | gross domestic investment less net exports. |
| Answer» C. the amount of machinery and equipment used up in producing the GDP in a specific year. | |
| 405. |
The concept of Economic planning in India is derived from ________. |
| A. | Russia |
| B. | Australia |
| C. | USA |
| D. | UK |
| Answer» B. Australia | |
| 406. |
The concept of joint sector implies cooperation between |
| A. | Public sector and private sector industries |
| B. | State Government and Central Government |
| C. | Domestic and Foreign Companies |
| D. | None of these |
| Answer» B. State Government and Central Government | |
| 407. |
The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the ____________ of the economy. |
| A. | Resource Probability Set |
| B. | Production Probability Set |
| C. | Resource Possibility Set |
| D. | Production Possibility Set |
| Answer» E. | |
| 408. |
The closest example of a centrally planned economy is the __________ for the major part of the 20th Century. |
| A. | USA |
| B. | India |
| C. | Soviet Union |
| D. | Japan |
| Answer» D. Japan | |
| 409. |
The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called? |
| A. | Law of demand |
| B. | Substitution effect |
| C. | Problem of choice |
| D. | Optimal choice |
| Answer» C. Problem of choice | |
| 410. |
The Certificate of Deposit (CD) is a negotiable money market instrument and issued in the form of? |
| A. | Derivative Usance Promissory Note |
| B. | Usance Promissory Note |
| C. | Demand Promissory Note |
| D. | Both a & b |
| Answer» C. Demand Promissory Note | |
| 411. |
The Budget proposals also seek to provide relief to salaried tax payers by allowing a standard deduction of what amount in place of the present exemption allowed for transport allowance and reimbursement of miscellaneous medical expenses? |
| A. | Rs. 20,000 |
| B. | Rs. 40,000 |
| C. | Rs. 50,000 |
| D. | Rs. 80,000 |
| Answer» C. Rs. 50,000 | |
| 412. |
The Central Government has launched which of the following app to verify the GST (Goods and Services Tax) Rates under the GST regime? |
| A. | GST Rate Searcher |
| B. | GST Rate Explorer |
| C. | GST Rate Finder |
| D. | GST Rate Google |
| Answer» D. GST Rate Google | |
| 413. |
The Buckingham Canal, which has been declared a National Waterway of India recently, is a canal running from |
| A. | Punjab to Haryana |
| B. | Mumbai to goa |
| C. | Vijayawada to Villupuram |
| D. | Cochin to Kozhikode |
| Answer» D. Cochin to Kozhikode | |
| 414. |
The best solution for overcoming the evil effects of small and uneconomic holdings is: ___________. |
| A. | urbanization of rural population |
| B. | using capital intensive technology |
| C. | co-operative farming |
| D. | rapid industrialization |
| Answer» D. rapid industrialization | |
| 415. |
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 | |
| 416. |
The ________ balance is the sum of the balance of merchandise trade, services and net transfers received from the rest of the world. |
| A. | Current Account |
| B. | Savings Account |
| C. | Capital Account |
| D. | Asset Account |
| Answer» B. Savings Account | |
| 417. |
The base year for computation of National Income in India is |
| A. | 1990 - 91 |
| B. | 1993 - 94 |
| C. | 1999 - 2000 |
| D. | 2000 - 01 |
| Answer» C. 1999 - 2000 | |
| 418. |
The average variable cost curve is ____ shaped. |
| A. | U |
| B. | V |
| C. | X |
| D. | W |
| Answer» B. V | |
| 419. |
The average product curve are inverse ____ shaped. |
| A. | X |
| B. | W |
| C. | V |
| D. | U |
| Answer» E. | |
| 420. |
The APC can be defined as the fraction of a: |
| A. | change in income that is not spent. |
| B. | change in income that is spent. |
| C. | specific level of total income that is not consumed. |
| D. | specific level of total income that is consumed. |
| Answer» E. | |
| 421. |
The agricultural price support program is an example of ___________._x005F_x000D_ |
| A. | a price ceiling |
| B. | a price floor |
| C. | equilibrium pricing |
| D. | No option is correct |
| Answer» C. equilibrium pricing | |
| 422. |
The annual percentage rate on a credit card determines_x005F_x000D_ |
| A. | The amount of money you still owe to the credit card company |
| B. | Money you withdrawn from the credit card |
| C. | Total transactions done throughout the year |
| D. | The amount of interest you are charged on credit card purchases |
| Answer» E. | |
| 423. |
The 2011 census could be the |
| A. | 13th census |
| B. | 14th census |
| C. | 15th census |
| D. | 16th census |
| Answer» D. 16th census | |
| 424. |
The account receivable turnover measures |
| A. | How often, on average receivables are received and collected during the period |
| B. | How long it takes to sell accounts receivable to a factor |
| C. | The relation of cash sales to credit sales |
| D. | How long it takes to sell merchandise inventory |
| Answer» B. How long it takes to sell accounts receivable to a factor | |
| 425. |
The 14th Finance Commission has recommended increase in States share in net proceeds from tax collection from 32% to |
| A. | 0.35 |
| B. | 0.4 |
| C. | 0.42 |
| D. | 0.45 |
| Answer» D. 0.45 | |
| 426. |
The _________ of a firm is a relationship between inputs used and output produced by the firm. |
| A. | Marginal product |
| B. | Production function |
| C. | Total product |
| D. | Average product |
| Answer» C. Total product | |
| 427. |
The _________ balance is equal to capital flows from the rest of the world, minus capital flows to the rest of the world. |
| A. | Current Account |
| B. | Savings Account |
| C. | Capital Account |
| D. | Asset Account |
| Answer» D. Asset Account | |
| 428. |
Tennis rackets and ballpoint pens are |
| A. | complementary goods |
| B. | independent goods |
| C. | inferior goods |
| D. | substitute goods |
| Answer» C. inferior goods | |
| 429. |
Taxes cannot be levied by the union government in India - |
| A. | Tax on professions |
| B. | Service tax |
| C. | Income tax |
| D. | All of the above |
| Answer» B. Service tax | |
| 430. |
Tax on inheritance is called __________ |
| A. | Excise duty |
| B. | Estate duty |
| C. | Gift tax |
| D. | Sales tax |
| Answer» C. Gift tax | |
| 431. |
Supply curves tend to be |
| A. | more elastic in the long run, because there is time for firms to enter or leave the industry. |
| B. | less elastic in the long run, because there is time for firms to enter or leave an industry. |
| C. | perfectly elastic in the long run, because consumer demand will have sufficient time to adjust fully to changes in supply. B. |
| D. | None of the above |
| Answer» B. less elastic in the long run, because there is time for firms to enter or leave an industry. | |
| 432. |
Take Off Stage in an economy means |
| A. | All controls are removed |
| B. | Economy is stagnant |
| C. | Steady growth begins |
| D. | Economy is about to collapse |
| Answer» D. Economy is about to collapse | |
| 433. |
"Sunrise Industries†are industries _____________ |
| A. | which are well developed and have ample scope for further development_x005F_x000D_ |
| B. | which improve export performance of the country_x005F_x000D_ |
| C. | which small-scale industries_x005F_x000D_ |
| D. | which have high growth potential and meet further requirements of the economy_x005F_x000D_ |
| Answer» E. | |
| 434. |
Sundarbans of Estern India is an example of |
| A. | Forest Ecosystem |
| B. | Mangrove Ecosystem |
| C. | Grassland Ecosystem |
| D. | Marine Ecosystem |
| Answer» C. Grassland Ecosystem | |
| 435. |
Sudden decrease of birth rate would cause___________. |
| A. | increase in per capita income |
| B. | increase in investment |
| C. | increase in savings |
| D. | increase in loan requests |
| Answer» B. increase in investment | |
| 436. |
STEP is the abbreviated name of the welfare programme to help |
| A. | Children |
| B. | Woman |
| C. | Farmers |
| D. | Senior citizens |
| Answer» C. Farmers | |
| 437. |
Structural employment arises due to |
| A. | Deflationary Conditions |
| B. | Heavy industry bias |
| C. | Shortage of raw meterials |
| D. | Inadequate productive capacity |
| Answer» C. Shortage of raw meterials | |
| 438. |
Stagflation is defined as |
| A. | low inflation, low growth, low unemployment |
| B. | high inflation, low growth, high unemployment |
| C. | high inflation, high growth, high unemployment |
| D. | low inflation, high growth, low unemployment |
| Answer» C. high inflation, high growth, high unemployment | |
| 439. |
Sociologists define the concept of "race" as |
| A. | a socially constructed category composed of people who share biologically transmitted traits that members of a society consider important. |
| B. | people who fall into any minority category. |
| C. | a cultural heritage shared by a category of people. |
| D. | a person's skin color. |
| Answer» B. people who fall into any minority category. | |
| 440. |
Stagflation exists when _____ |
| A. | price indices and output both decrease. |
| B. | price indices increase but output decreases. |
| C. | price indices and output both increase. |
| D. | price indices decrease but output increases. |
| Answer» C. price indices and output both increase. | |
| 441. |
Stagflation is a period of _______. |
| A. | Persistent high inflation combined with high unemployment |
| B. | Persistent high inflation combined with low unemployment |
| C. | Persistent low inflation combined with high unemployment |
| D. | Persistent low inflation combined with low unemployment |
| Answer» B. Persistent high inflation combined with low unemployment | |
| 442. |
Singbhum is famous for |
| A. | Coal |
| B. | Copper |
| C. | Iron |
| D. | Aluminium |
| Answer» D. Aluminium | |
| 443. |
SIDO is related to the development of which of the following?_x005F_x000D_ |
| A. | Small industry_x005F_x000D_ |
| B. | Steel industry |
| C. | Software industry_x005F_x000D_ |
| D. | Sugar industry_x005F_x000D_ |
| Answer» B. Steel industry | |
| 444. |
Should the parents inIndia in future be forced to opt for one child against the 2 or many at present?_x005F_x000D_ _x005F_x000D_ Yes.This the only way to check the ver increasin population of India_x005F_x000D_ No.This type of pressure tactic is not adopted by any other country in the world_x005F_x000D_ |
| A. | Only 1 is true |
| B. | Only 2 is true |
| C. | Either 1 or 2 is true |
| D. | Neither 1 nor 2 is true |
| Answer» B. Only 2 is true | |
| 445. |
Short term contractions and expansions in economic activity are called ______________ |
| A. | Expansions |
| B. | Recession |
| C. | Deficits |
| D. | The business cycle |
| Answer» E. | |
| 446. |
Short run marginal cost curve cuts the short run average cost curve from _______ at the minimum point of short run average cost. |
| A. | top |
| B. | below |
| C. | right |
| D. | left |
| Answer» C. right | |
| 447. |
Short run marginal cost curve cuts the average variable cost curve from _______ at the minimum point of average variable cost. |
| A. | top |
| B. | below |
| C. | right |
| D. | left |
| Answer» C. right | |
| 448. |
Second Nationalization of Commercial Banks in India took place in ? |
| A. | 1890 |
| B. | 1969 |
| C. | 1972 |
| D. | 1980 |
| Answer» E. | |
| 449. |
SEBI is evaluating whether ICO (Initial Coin Offerings) can be brought under its purview. ICO is related to ______._x005F_x000D_ |
| A. | Dollars |
| B. | Pounds |
| C. | Rupees |
| D. | Cyptocurrency |
| Answer» E. | |
| 450. |
Saving is that portion of money income that is ..... |
| A. | spent for development of Industries |
| B. | not spent on consumption |
| C. | spent on health and education |
| D. | spent for consumer durables |
| Answer» C. spent on health and education | |