Top 550+ Solved Economics (GK) MCQ Questions Answer
Q. In the balance of payments account, unrequited receipts and payments are also regarded as -
a. bilateral transfers
b. unilateral transfers
c. capital account transfers
d. invisible transfers
Q. "Wall Street" is the name of the :
a. Stock Exchange of New York
b. Indian Township in Washington
c. Super market in Munthai
d. Stock Exchange of kolkata
Q. Which one of the following is a developmental expenditure?
a. Irrigation expenditure
b. Civil administration
c. Debt services
d. Grant-in-aid
Q. Green banking means -
a. development of forestry by banks
b. financing of environmental friendly projects by banks
c. financing of irrigation projects by banks
d. None of the above
Q. The best Index of Economic Development is provided by:
a. Growth in Percapita Real Income from year to year.
b. Growth in National Income at Current Prices.
c. Growth in savings ratio.
d. Improvement in the Balance of Payments Position.
Q. Which one of the following is not a 'canon of taxation' according to Adam Smith?
a. Canon of certainty
b. Canon of simplicity
c. Canon of convenience
d. Canon of economy
Q. The business in Stock Markets and other securities markets is regulated -
a. Securities and Exchange Board of India
b. Sole Trade and Exchange Bank of India
c. State and Exchange Bank of India
d. Stock and Exchange Bank of India
Q. Liberalism stands for -
a. religious orthodoxy
b. a (movement and an attitude
c. self-emancipation
d. freedom in social, political and economic aspects
Q. Which of the following is a better measurement of Economic Development?
a. GDP
b. Disposable income
c. NNP
d. Per capita income
Q. Imputed gross rent of owner-occupied buildings is a part of -
a. capital formation
b. final consumption
c. intermediate consumption
d. consumer durable
Q. An increase in per capital income is not an indication of an increase in the economic welfare of the people -
a. When such increase is the result of an increased production action of comforts
b. When such increase is the result of an increase in agricultural production
c. When it is the result of an increase in the production of industrial goods
d. When such increase is the result of increased production of intoxicants
Q. 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
Q. Preparation of butter, ghee by a household for their own use is a part of :
a. own-account production
b. household capital formation
c. industrial production
d. consumption
Q. Average propensity to consume is defined as -
a. Aggregate consumption +Total population
b. Aggregate income ÷ Aggregate consumption
c. Change in consumption ÷ Change in income
d. Aggregate consumption +Aggregate income
Q. Market segmentation is:
a. Group of Sales Persons
b. Dividing target groups as per their needs
c. Market Division
d. Market Space