Top 550+ Solved Economics (GK) MCQ Questions Answer
Q. Excise duty on a commodity is payable with reference to its -
a. production
b. production and sale
c. production and transportation
d. production, transportation and sale
Q. "Smart Money" term is used for -
a. Credit Card
b. Internet Banking
c. eBanking
d. Cash with Public
Q. Which of the following brings out the 'Consumer Price Index Number' for Industrial workers?
a. RBI
b. The Labour Bureau
c. Commerce Department
d. NITI Aayog
Q. 'Green Banking' means :
a. Banks financing agriculture
b. Banks financing irrigation projects
c. Banks financing farmers
d. Banks financing pro environmental projects
Q. A currency having a falling exchange rate due to continuing balance of payments deficit is called a-
a. Soft currency
b. Hard currency
c. Scarce currency
d. Surplus currency
Q. Bank rate is that rate on which -
a. Any bank lends money to an individual
b. State Bank of India gives loan to the rural banks
c. Central Bank of Country lends money to the commercial banks
d. Rural bank gives loan to cooperative societies
Q. Devaluation usually causes the internal prices to :
a. fall
b. rise
c. remain unchanged
d. None of the above
Q. Which among the following is not a non-customs duty obstacle in the world trade?
a. Quantity restriction
b. Establishment of Standard of labour in manufacturing
c. Determination of import duty uniformly
d. Restrictions on goods quality
Q. seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as -
a. defence
b. betting
c. inter-trading
d. mortgage
Q. Which one of the following does not deal with export promotion?
a. Trade Development Authority
b. Minerals and Metals Trading Corporation
c. Cooperative Marketing Societies
d. Slate Trading Corporation of India
Q. Which of the following sets belongs to Central tax?
a. Excise duty, Sales tax and Custom duty
b. Excise duty, Custom duly and Income tax
c. Income tax, Custom duty and House, Lax
d. Custom duty, Entertainment tax and Income tax
Q. ho defined 'Rent' as that portion or produce of the earth which is paid to the landlord for the use of original and indestructible power of the soil?
a. Ricardo
b. Marshall
c. Keynes
d. Plgou
Q. Economies of a firm are :
a. An increase in its profits
b. A reduction in its selling expenses
c. Its dominance of the market
d. Saving in it's production costs
Q. Nature of unemployment in agriculture in India is -
a. only seasonal
b. only disguised
c. Both (1) and (2)
d. None of the above