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49 Economics MCQ Questions in english हिन्दी
With which form of economy is the term ‘Laissez-faire’ associated?
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Which one of the following is a driving force influencing the industrial growth of an economy ?
In India, the concepts of “minimum needs” and “direction anti-poverty programmes ” were the innovations of:
National Development Council was set up in:
The strategy of Rolling plan was adopted during the Prime Ministership of:
The Decentralisation system was recommended by :
The Second Five Year Plan laid more stress upon:
Economic survey is published by
The Deputy Chairman of the Planning Commission :
What does decreasing contribution of agriculture to GDP signifies?
The movement from an agrarian-based economy to a manufacturing and the service-based economy shows that, a country is moving from a less developed phase to a developing and developed phase.
Who presents the economic survey every year?
The Economic Survey of India is the flagship annual document of the Finance Ministry. The Department of economic affairs, Ministry of Finance presents the Survey in the parliament every year, just before the Union Budget. It is prepared under the guidance of the Chief economic advisor of India. This document is presented to both Houses of Parliament during the Budget session.
What is the formula for GDP Deflater?
The GDP deflator measures price inflation in an economy.It measures the changes in prices for all of the goods and services produced in an economy. The GDP deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100.
Which among the following is not a part of factor of production?
The Factors of production are the inputs available to supply goods and services in an economy. They are Land, Labour, Capital and Enterprise.
What is the extra cost imposed by the government which increase the price for a customer is known as?
Tax is the cost imposed by the government over goods and services in an economy to generate revenue for the government for its expenditure. This includes capital as well as revenue expenditure.
What is Market equilibrium?
Market equilibrium is defined by equality between quantity demanded and quantity supplied in the market. The equilibrium price is the price of a good or service when the supply of it is equal to the demand for it in the market.
In which of the following market forms a firm does not exercise control over price?
In economics, specifically general equilibrium theory, a perfect market is defined by several idealizing conditions, collectively called perfect competition.
Which of the following says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling?
The law of variable proportions states that as the quantity of one factor is increased, keeping the other factors fixed, the marginal product of that factor will eventually decline.
What does low price elasticity of demand for a commodity show?
Price Elasticity is the measure of the degree of responsiveness of demand for a commodity to change in its price. That means the low price elasticity is demand doesn’t change with the price. These are the necessary goods.
Per Capita Income of a country is obtained by dividing National Income by which of the following?
Per capita income or average income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area’s total income by its total population
Which among the following organizations holds the largest stake in India’s top depository, National Securities Depository Limited (NSDL)?
In context with the Branch licensing for foreign Banks in India, (which is exclusively under RBI), at least how many branch licenses require to be cleared every year by the RBI as per India’s World Trade Organization commitments?
India's GST is based on the model of which country?
When was the AGMARK Act implemented in India?
Neo Malthusian theory is related to which of the following?
Rural Employment Generation Programme (REGP) was launched in _____.
Which among the following is the quantitative method of credit control by the Central Bank?
In which year the concept of Multidimensional Poverty Index was introduced?
Which of the following is related to green revolution in India?
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