Top 550+ Solved Economics (GK) MCQ Questions Answer
Q. Which of the following is not an investment expenditure in goods and services?
a. Expansion of the main plant of a company
b. Purchase of a house
c. Purchase of machinery
d. An increase in business in ventories
Q. Which one of following represents the Savings of the Private Corporate Sector?
a. Dividends paid to shareholders
b. Total profits of a company
c. Undistributed profits
d. Excess of income over expenditure
Q. Net National Product in National Income Accounting refers to -
a. Gross Domestic Product—Depreciation
b. Gross Domestic Product + Subsidies
c. Gross National Product—Depreciation
d. Gross National Product + Subsidies
Q. A very high rise in National Income at current market prices and a low rise at constant prices reveals -
a. the high rate of growth in the economy at the current period
b. the increased production in the current period
c. the improper growth of the economy
d. the high rate of inflation prevailing in the economy
Q. In calculating National Income which of the following is included?
a. Services of housewives
b. Pensions
c. Income of smugglers
d. Income of watchmen
Q. The term 'Green GNP' emphasises -
a. rapid growth of GNP
b. increase in per capita income
c. economic development
d. sustainable development
Q. Paraellel economy emerges due to -
a. Tax Avoidance
b. Tax Evasion
c. Tax Compliance
d. Tax Estimation
Q. Under-writting refers to -
a. under estimation
b. under selling
c. winding up the business
d. an act of insuring risk
Q. Basic infrastructure facilities in Economics are known as :
a. Human capital
b. Physical capital
c. Social overheads capital
d. Working capital
Q. Which one of the following is a direct tax?
a. Sales Tax
b. Excise Tax
c. Wealth Tax
d. Entertainment Tax
Q. Custom duty is an instrument of -
a. Monetary Policy
b. Foreign Trade Policy
c. Industrial Policy
d. Fiscal Policy
Q. Whe a large number of investors in a country transfer investments elsewhere because of disturbed economic conditions, it is called -
a. Transfer of Capital
b. Escape of Capital
c. Outflow of Capital
d. Flight of Capital
Q. 'Golden Handshake Scheme' is associated with -
a. inviting foreign companies
b. private investment in public enterprises
c. establishing joint enterprises
d. voluntary retirement