Top 550+ Solved Economics (GK) MCQ Questions Answer
Q. The terms "Micro Economics" and "Macro Economics" were coined by -
a. Alfred Marshall
b. Ragner Nurkse
c. Ragner Frisch
d. J.M. Keynes
Q. 'Hire and Fire' is the policy of -
a. Capitalism
b. Socialism
c. Mixed Economy
d. Traditional Economy
Q. Consumption function expresses the relationship between consumption and -
a. savings
b. income
c. investment
d. price
Q. The relationship between the rate of interest and level of consumption was first visualized by -
a. Amartya K. Sen
b. Milton Friedman
c. Irving Fisher
d. James Duesenberry
Q. The Liquidity Preference Theory of Interest was propounded by :
a. J.M. Keynes
b. David Ricardo
c. Alfred Marshall
d. Adam Smith
Q. Which of the following is not an economic activity?
a. A labourer working in a factory.
b. A CRPF jawan guarding country’s borders.
c. A teacher teaching his own son.
d. A farmer tilling his own lan
Q. Poverty in less developed countries is largely due to -
a. voluntary idleness
b. income inequality
c. lack of cultural activities
d. lack of intelligence of the people
Q. A closed economy is one which -
a. Does not trade with other countries
b. Does not possess any means of international transport
c. Does not have a coatastal line
d. (4) Is not a member of the U.N.O.
Q. Who are the creditors of a Corporation?
a. Bond holders
b. Stock holders
c. Both Bond and Stock holders
d. Holders of preferred stock
Q. The ratio of a bank's cash holdings to its total deposit liabilities is called the -
a. Variable Reserve Ratio
b. Cash Reserve Ratio
c. Statutory Liquidity Ratio
d. Minimum Reserve Ratio
Q. The smaller the Cash Reserve Ratio, the scope for lending by banks is :
a. greater
b. smaller
c. weaker
d. lesser
Q. For hannelizing the unaccounted money for productive purposes the Government Introduced the scheme of :
a. Special Bearer Bonds
b. Resurgent. India Bonds
c. Provident Funds
d. Market Loans