Top 550+ Solved Economics (GK) MCQ Questions Answer

a. Zero

b. Negative

c. Infinite

d. Positive

a. costs to outputs

b. costs to inputs

c. inputs to outputs

d. wage level to profits

a. A central place

b. Presence of competition

c. Place where goods are stored

d. Shops and super bazars

a. the number of workers

b. hours of work

c. extent of the market

d. working space

a. infinite

b. positive

c. zero

d. negative

a. effect of change in price of a commodity on its demand

b. effect of change in demand of a commodity on its price

c. effect of change in demand of a commodity over the supply of its substitute

d. (4) None of the above

a. A direct relationship between marginal utility and the stock of commodity

b. A constant relationship between marginal utility and the stock of commodity

c. A proportionate relation-ship between marginal utility and the stock of commodity

d. An inverse relationship between marginal utility and the stock of commodity

a. J.M. Keynes

b. Ragner Frisch

c. Ragner Nurkse

d. Prof. Knight

a. Excise duty

b. Estate duty

c. Gift tax

d. Sales tax

a. Syndicate Bank

b. Indian Bank

c. Bank of India

d. Bank of Baroda

a. Electrical goods

b. Hosiery goods

c. Biscuits

d. Cloth

a. Central Excise Duty

b. Land Revenue

c. State Excise Duty

d. General Sales Tax

a. differences In costs

b. scarcity of goods

c. comparative differences in costs

d. need for exports

a. I.M.F.

b. I.R.D

c. I.D.A

d. A.D.B

a. increased export and improvement in balance of payment

b. increased export and foreign reserve deficiency

c. increased import and improvement in balance of payment

d. increased export and import