Economic MCQs with answers Page - 14

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A

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Q. Preparing butter and ghee for household consumption of own family is a part of

  • (A) Household investment production
  • (B) Industrial production
  • (C) Consumption
  • (D) Own Account Production

A

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Q. Internal profit–

  • (A) Happens when internal trade expands
  • (B) Happens when business expands
  • (C) Happens in economy when they increase
  • (D) Happens in firms when they expand their product

A

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Q. The Removal of prohibitions and hindrance by government is called.

  • (A) Globalisation
  • (B) Privatisation
  • (C) Liberalisation
  • (D) Bilateral understanding

A

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Q. Which of the following is related to South-South debate?

  • (A) Cooperation between developing countries
  • (B) Defence Organisation
  • (C) Sitting between developed & developing countries
  • (D) All of the above

A

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Q. According to Kenz, consumption function shows relation between

  • (A) Total Consumption and Total Population
  • (B) Total Consumption and Normal Price Rate
  • (C) Total Consumption and Total Income
  • (D) Total Consumption and Rate of Interest

A

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Q. “World Bank” is also called as –

  • (A) International Bank for Reconstruction and development
  • (B) International, rehabilation and development bank
  • (C) International rehabilated and development bank
  • (D) None of these.

A

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Q. The term “Micro Economics” and “Macro Economics” was coined by

  • (A) Alfred Marshal
  • (B) Ragner Nurkse
  • (C) Ragner Frisch
  • (D) J.M. Keynes

A

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Q. ‘Stagflation’ is

  • (A) inflation after deflations
  • (B) deflation with growth
  • (C) inflation with depression
  • (D) inflation with growth

A

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Q. India is in favour of ______ in the economic field.

  • (A) Public Sector
  • (B) Private Sector
  • (C) Mixed Economy
  • (D) Capitalistic Economy

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