Economic MCQs with answers Page - 15

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A

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Q. “Micro” and “Macro” words was firstly used by–

  • (A) Ragnar Frisch
  • (B) I. Fischer
  • (C) James Tobin
  • (D) Garle

A

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Q. Arthashastra by “Kautilya” is related with–

  • (A) Military Phase
  • (B) Political Reign
  • (C) Social phase
  • (D) Economic postulates

A

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Q. J.B say’s Law of Market Was not Accepted by :

  • (A) Adam Smith
  • (B) Marshall
  • (C) Malthus
  • (D) David Ricardo

A

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Q. The rate of tax increase as the amount of the tax base increases is called.

  • (A) Regressive Tax
  • (B) Digressive Tax
  • (C) Proportional Tax
  • (D) Progressive Tax

A

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Q. The supply­-side economics lays greater emphasis on ______

  • (A) Producer
  • (B) Middle Man
  • (C) Global Economy
  • (D) Consumer

A

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Q. The founding father of “Theory of bureaucracy” was

  • (A) Elton Mayo
  • (B) F. W. Taylor
  • (C) Herbert Simon
  • (D) Max Weber

A

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Q. Which of the following is called a ‘Bankers Cheque’?

  • (A) Demand Draft
  • (B) Debit Card
  • (C) Pay Order
  • (D) Fixed Deposit

A

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Q. Which of the following taxes is not levied by the Union Government?

  • (A) Wealth tax
  • (B) Profession tax
  • (C) Excise duty
  • (D) Income tax

A

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Q. Perfect competition is a market situation when we have

  • (A) Large number of sellers
  • (B) Few seller
  • (C) A single seller
  • (D) Two seller

A

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Q. Monopoly power is achieved through patient right, copy right and trade marks by the producers is called ____ monopoly.

  • (A) Technical
  • (B) Natural
  • (C) Satte
  • (D) Legal

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