Economic MCQs with answers Page - 16

Here, you will find a collection of MCQ questions on Economic. Go through these questions to enhance your preparation for upcoming examinations and interviews.

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A

Admin • 802.91K Points
Coach

Q. ____ means government may take over monopolistic companies, which are exploiting the consumer

  • (A) Consumer’s association
  • (B) Nationalisation
  • (C) Taxation
  • (D) Legislation

A

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Q. The firm and industry are one and the same under

  • (A) Oligopoly
  • (B) Monopoly
  • (C) Duopoly
  • (D) Perfect competition

A

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Q. Village level market is otherwise called ___ market.

  • (A) Global
  • (B) Local
  • (C) National
  • (D) Regional

A

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Q. Most important form of selling cost is

  • (A) Homogenous product
  • (B) Sales
  • (C) Advertisement
  • (D) None of these

A

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Q. _____ is the science of counting

  • (A) Statistics
  • (B) Psychology
  • (C) Ethics
  • (D) History

A

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Q. In a socialist economy, all decisions regarding production and distribution are taken by _____

  • (A) Private sector
  • (B) Market forces
  • (C) Customs and traditions
  • (D) Central planning authority

A

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Q. When marginal product is negative, the total product _____

  • (A) Is lowest
  • (B) Is maximum
  • (C) Increases
  • (D) Decreases

A

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Q. The marginal productivity theory explains any variable factor must obtain a reward equal to its _____

  • (A) Average product
  • (B) Total product
  • (C) Productivity
  • (D) Marginal product

A

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Q. In the words of _____, “without saving, there can be no liquidity to surrender”.

  • (A) Marshall
  • (B) Robbins
  • (C) Jacob Viner
  • (D) Keynes

A

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Q. In a _____ economy there is no central coordinator guiding its operation.

  • (A) Traditional
  • (B) Socialist
  • (C) Mixed
  • (D) Capitalist

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