Economic MCQs with answers Page - 2

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Q. What is the ratio of money held by the public in currency to that they held in deposit ?

  • (A) The currency deposit ratio
  • (B) The reserve deposit ratio
  • (C) Cash reserve ratio
  • (D) Cash deposit ratio

A

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Q. Economy is in the "Liquidity Trap" when –

  • (A) Rate of interest on bonds is minimum
  • (B) Rate of interest on bonds is maximum
  • (C) Transaction demand for money is maximum
  • (D) None of the above

A

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Q. Classification of an enterprise into public or private sector is based on

  • (A) number of employees in the enterprise
  • (B) ownership of assets of the enterprise
  • (C) employment conditions for workers in the enterprise
  • (D) nature of products manufactured by the enterprise

A

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Q. Which one among the following is not a source of tax revenue for the Central Government in India ?

  • (A) Income tax
  • (B) Customs duuties
  • (C) Service tax
  • (D) Motor Vehicle tax

A

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Q. Which of the following does not form part of current account of Balance of Payments?

  • (A) Export and import of goods
  • (B) Export and import of services
  • (C) Income receipts and payments
  • (D) Capital receipts and payments

A

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Q. The ‘Arthasastra’ is a treatise on which one of the following?

  • (A) Economics
  • (B) Environment
  • (C) Political Philosophy
  • (D) Religion in Administration

A

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Q. ..................... is an active factor of production

  • (A) Product
  • (B) Labour
  • (C) Wages
  • (D) Price

A

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Q. When total utility becomes maximum, then marginal utility will be

  • (A) Maximum
  • (B) Minimum
  • (C) Either maximum or minimum
  • (D) Zero

A

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Q. The opportunity cost of a factor of production is

  • (A) what it earns in its present use.
  • (B) what it can earn in the long period.
  • (C) what it can earn in some other use.
  • (D) the cost of production.

A

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Q. Inflation is caused by

  • (A) decrease in production
  • (B) increase in money supply and decrease in production
  • (C) increase in money supply
  • (D) increase in production

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