Top 550+ Solved Economics (GK) MCQ Questions Answer

From 436 to 450 of 701

Q. Government securities are considered liquid because they are -

a. backed by the Government treasury

b. convertible into other types of saving deposits

c. quickly and easily marketable

d. stable in value

  • c. quickly and easily marketable

Q. Deflation is a situation in which -

a. The value of money is falling.

b. The price of goods is increasing.

c. The value of money is increasing.

d. The price level is stagnant.

  • c. The value of money is increasing.

Q. Stagflation refers to a situation which is characterized by -

a. stagnant employment and deflation

b. deflation and rising unemployment

c. inflation and rising employment.

d. inflation and rising unemployment

  • d. inflation and rising unemployment

Q. How will a reduction in 'Bank Rate' affect the availability of credit?

a. Credit will increase

b. Credit will not increase

c. Credit will decrease

d. None of these

  • a. Credit will increase

Q. Inflation occurs when aggregate supply is -

a. more than aggregate demand

b. less than aggregate demand

c. equal to aggregate demand

d. None of these

  • b. less than aggregate demand

Q. Multinational Corporation is also called -

a. Trading Corporation

b. International Corporation

c. Finance Corporation

d. Trans-national Corporation

  • d. Trans-national Corporation

Q. Freeing the economy from all unnecessary controls and regulations is referred to as -

a. Freedom

b. Privatisation

c. Liberalisation

d. Globalisation

  • c. Liberalisation

Q. A high Statutory Liquidity Ratio (SLR)

a. restricts lending

b. increases supply of cash

c. provides funds to the state

d. increases the strength of the banks

  • a. restricts lending

Q. Corporation tax is a tax imposed on -

a. the net incomes of the companies

b. the corporate properties

c. the utilities provided by the corporation

d. tax imposed by the corporation on individual properties

  • a. the net incomes of the companies

Q. Which one of the following taxes is collected and utilized by the State Governments?

a. Personal income tax

b. Corporation tax

c. Land revenue

d. Custom duties

  • c. Land revenue

Q. Which amidst the following is not a credit rating agency?

a. CRISIL

b. CARE

c. ICRA

d. IFCI

  • d. IFCI

Q. The basis of determining dearness allowance to employees in India is -

a. National Income

b. Consumer Price Index

c. Standard of Living

d. Inflation Rate

  • b. Consumer Price Index

Q. An indifference curve measures the same level of -

a. Output from two factors

b. Satisfaction from two commodities

c. Satisfaction from Income and Capital

d. Satisfaction from expenditure and savings

  • b. Satisfaction from two commodities

Q. The Ability Principle of Taxation is given by -

a. Adam Smith

b. Edgeworth

c. Joan Robinson

d. J.S.Mill

  • a. Adam Smith

Q. 'Galloping Inflation' is also known as -

a. Walking Inflation

b. Running Inflation

c. Hyper Inflation

d. Creeping Inflation

  • c. Hyper Inflation
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