Top 550+ Solved Economics (GK) MCQ Questions Answer
Q. Who among the following has suggested tax on expenditure?
a. Dalton
b. Kaldor
c. Musgrave
d. Gautam Mathur
Q. Which of the following is not helpful in controlling money supply?
a. Free market policy
b. CRR
c. Bank Rate
d. Change in margin requirement
Q. The process of curing inflation by reducing money supply is called -
a. Cost-push inflation
b. Demand-pull inflation
c. Disinflation
d. Reflation
Q. 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
Q. "Closed Economy" means :
a. no provision for public sector
b. no provision for private sector
c. economy policy not well defined
d. a country having no imports and exports
Q. Dumping is a form of price discrimination at -
a. within industry
b. national level
c. international level
d. local level
Q. Money supply is governed by the -
a. Planning Commission
b. Finance Commission
c. Reserve Bank of India
d. Commercial Banks
Q. The food stocks that are built up during the years of bumper harvest are called :
a. Capital stock
b. Buffer stock
c. Production stock
d. Grain stock
Q. 'NABARD' is associated with the development of -
a. agricultural sector and rural areas
b. heavy Industries
c. banking sector
d. real estates
Q. According to Malthusian theory of population -
a. Population increases in geometric ratio, food supply increases in arithmetic ratio
b. Population increases in arithmetic ratio, food supply increases in geometric ratio
c. Population increases in a harmonic mean, food supply increases in geometric ratio
d. Population increases in a harmonic ratio, food supply increases in a arithmetic ratio
Q. Whch of the following curve describes the variation of household expenditure on a particular good with respect to household income?
a. Demand curve
b. Engel curve
c. Great Cats by curve
d. Cost curve
Q. Malthusian theory is associated with which of the following?
a. Poverty
b. Employment
c. Diseases
d. Population