Top 550+ Solved Economics (GK) MCQ Questions Answer

a. Income = Consumption + Investment

b. Income = Consumption + Saving

c. Saving = Investment

d. Income = Consumption + Saving + Investment

a. aggregate consumption and total population.

b. aggregate consumption and general price level.

c. aggregate consumption and aggregate income

d. aggregate consumption and interest rate

a. there is no involuntary unemployment

b. there is involuntary unemployment

c. there is no voluntary unemployment

d. there is voluntary unemployment

a. Production

b. Price

c. Income

d. Import

a. Percentage share of agriculture is higher than services

b. Percentage share of industry is higher than agriculture

c. Percentage share of services is higher than industry

d. Percentage share of services is higher than agriculture and industry put together

a. David Ricardo

b. John Stuart Mill

c. Thomas Malthus

d. John Maynard Keynes

a. Balance Sheet of items

b. Balance of Payments

c. Balance of Trade

d. Balance of Account

a. Agriculture income

b. Per capita income

c. Gross industrial production

d. Inflation

a. degressive

b. regressive

c. progressive

d. proportional

a. Monetary-policy

b. Fiscal policy

c. Price policy

d. Wage policy

a. Life Insurance Policies

b. Long-term Government Bonds

c. National Savings Certificates

d. Provident Fund

a. A simple, transparent, easy to pay tax imposed on consumers

b. A new initiative taken by the Government to increase the tax-burden of high income groups

c. A single tax that replaces State taxes like, surcharge, turnover tax, et

d. A new tax to be imposed on the producers of capital goods

a. A new scheme of fixed deposits

b. A method for regulating stock exchanges

c. An agency for safe-keeping of securities

d. An advisory service to investors

a. Banking

b. Foreign Trade

c. Stock Market

d. Internet Trade

a. Unmanaged Currency

b. Managed Currency

c. Scarce Currency

d. Surplus Currency