Top 550+ Solved Economics (GK) MCQ Questions Answer
Q. While determining income the expenditure on which of the following items is not considered as investment?
a. Construction of factory
b. Computer
c. Increase in the stock of unsold articles
d. Stock and share in joint stock company
Q. Rate of interest is determined by -
a. The rate of return on the capital invested
b. Central Government
c. Liquidity preference
d. Commercial Banks
Q. Speculative demand for cash is determined by -
a. The rate of interest
b. the level of income
c. the general price level
d. the market conditions
Q. Gross National Product is the money measure of -
a. all tangible goods produced in a country
b. final goods and services produced in the economy
c. services generated annually in the economy
d. all tangible goods available in the economy
Q. The difference between GNP and NNP equals -
a. corporate profits
b. personal taxes
c. transfer payments
d. depreciation
Q. Investment multiplier shows the effect of investment on -
a. Employment
b. Savings
c. Income
d. Consumption
Q. Barter transactions means -
a. Goods are exchanged with gold.
b. Coins are exchanged for goods.
c. Money acts as a medium of exchange.
d. Goods are exchanged with goods.
Q. The supply-side measure to control inflation is -
a. Reducing public expenditure
b. Price control through Public Distribution System
c. Higher taxation to mop up liquidity
d. Credit control
Q. HDI is an aggregate measure of progress in which of the three dimensions?
a. Health, Education, Income
b. Food Security, Employment, Income
c. Agriculture, Industry, Services
d. Height, Weight, Colour
Q. What is an octroi?
a. Tax
b. Tax collection centre
c. Tax processing centre
d. Tax information centre
Q. Demand of commodity mainly depends upon -
a. Purchasing will
b. Purchasing power
c. Tax policy
d. Advertisement
Q. NIFTY is associated with -
a. Cloth Market Price Index
b. Consumer Price Index
c. BSE Index
d. NSE Index
Q. The data collection for national income estimation is conducted in India by—
a. The Finance Ministry of the Government of India
b. The RBI
c. The NSSO (National Sample Survey Organization
d. None of these
Q. What is AGMARK?
a. It is a marketing seal issued on the graded agricultural commodity
b. It stands for agricultural marketing
c. It represents agricultural management and regulation
d. None of these
Q. The Imperial Bank of India, after its nationalization came to be known as :
a. Reserve Bank of India
b. State Bank of India
c. United Bank of India
d. Indian Overseas bank