Top 250+ Solved Business Economics MCQ Questions Answer
Q. Which sector contributes the most to India's economy?
a. service sector
b. manufacturing sector
c. agricultural sector
d. small scale industries
Q. If the contribution of the agricultural sector is decreasing in a country's economy, then whatconclusion can be drawn?
a. the country is growing in the direction of being a developed nation
b. the country is moving towards becoming developing nation
c. the country is moving towards becoming less developed nation
d. the economic growth rate of the country has stopped
Q. Which is not added in the calculation of national income of India?
a. the value of goods and services
b. the sold value of the old fridge
c. services rendered by the housewives
d. both b & c
Q. Output means. ……………unless stated otherwise
a. gross output at mp (gdpmp)
b. net output at mp
c. gross output at fc
d. none
Q. Which of the following is not a component of domestic income?
a. operating surplus
b. compensation of employees
c. net factor income from abroad
d. mixed income
Q. If factor cost is greater than marker price, it means that
a. indirect taxes < subsidies (subsidy> indirect taxes)
b. indirect taxes > subsidies
c. i.t = subsidies
d. none
Q. Which of the following is not true about final goods ?
a. final gods satisfy wants of ultimate consumers and producers.
b. final goods have direct demand as they satisfy the wants directly.
c. final goods are subject to further transformation in the process of production.
d. final goods are neither used up as raw-material nor for resale in the same year.
Q. Following is an example of final good:
a. flour used by a banker in making biscuits
b. unsold stock of goods lying with the sellers
c. tyres purchased by a transport company
d. mobile sets purchased by a mobile dealer
Q. Which out of the following is not included in estimation of NI?
a. subsidized lunch
b. old-age pension
c. free medical facilities
d. construction of a house
Q. Which of the following is a synonym of “Undistributed Profits”?
a. savings of private corporate sector
b. reserves and surplus
c. retained earnings
d. all of these
Q. Piyush’s mother is a teacher. She also teaches Piyush. How would you treat this whitecalculating national income and domestic income ?
a. it will be included in the national income, but not in the domestic income.
b. it will be included in the domestic income, but not in the national income.
c. it will be included in domestic income as well as national income.
d. it will neither be included in the domestic income nor in the national income.
Q. Goods which are not used in the production of other goods are called:
a. capital goods
b. consumption goods
c. producer goods
d. intermediate goods
Q. Depreciation is the:
a. loss of vale of fixed assets in use due to normal wear and tear
b. loss of value of fixed assets in use due to normal rate of accidental damages
c. loss of value of fixed assets in the due to foreseen obsolescence
d. all of these
Q. Which of following is not included in national income ?
a. factor income
b. rent
c. operating surplus
d. transfer income