Top 550+ Solved Economics (GK) MCQ Questions Answer
Q. A mixed economy refers to an economic system where -
a. The economy functions with foreign collaboration
b. Only t he private sector operates under government control
c. Both the government and the private sectors operate sectors operate simultaneously
d. No foreign investment is allowed
Q. A Black Market is a situation where in
a. Goods are loaded by the producers
b. Goods are sold secretly
c. Goods are sold at prices higher than what is fixed by the Government
d. Goods are made available
Q. Buoyancy of a tax is defined as -
a. percentage increase in tax revenue/ percentage increase in tax base
b. increase in tax revenue/ percentage increase in tax coverage
c. increase in tax revenue/increase in tax base
d. percentage increase in tax revenue/ increase in tax coverage
Q. What is referred to as "Depository Services"?
a. A new scheme of fixed deposits
b. A method of regulating stock exchanges
c. An agency for safe-keeping of securities
d. An advisory service to investors
Q. Regulated markets aim at the development of the marketing structure to -
a. widen the price spread between the producer and the consumer
b. narrow down the price spread between the producer and the consumer
c. increase the non-functional margins of the traders
d. maximize the non-functional margins of the commission agents
Q. Evaluating all the options to find out most suitable solution to business problems is interdisplinary activities. It is called -
a. Professional research
b. Management research
c. Operational research
d. Commercial research
Q. Variation in Cash Reserve Ratio and Open Market Operations are instruments of
a. Budgetary policy
b. Trade policy
c. Fiscal policy
d. Monetary policy
Q. The purpose of devaluation is to :
a. be little foreign currencies
b. encourage exports
c. discourage exports
d. encourage import
Q. Foreign currency which has a tendency of quick migration is called -
a. Scarce currency
b. Soft currency
c. Gold currency
d. Hot currency
Q. Bank Rate refers to the interest rate at which -
a. Commercial banks receive deposits from the public
b. Central bank gives loans to Commercial banks
c. Government loans are floated
d. Commercial banks grant loans to their customers
Q. A Trade Policy consists of -
a. Export-Import Policy
b. Licencing Policy
c. Foreign Exchange Policy
d. Balance of Payment Policy
Q. Globalisation means -
a. Integration of economy
b. Integration of financial market
c. Integration of the domestic economy with the world economy
d. Integration of the various sectors of economy
Q. The 'sunrise industries' imply -
a. petrochemicals and electronics industry
b. sunflower oil industry
c. computer industry
d. chemical industry
Q. Regional Rural Banks arc sponsored by
a. Nationalized Commercial Bank
b. Reserve Bank of India
c. State Bank of India
d. Government of India