Economic MCQs with answers Page - 22

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A

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Q. If total outlay falls for a fall in price such elasticity is called _____

  • (A) Perfectly inelastic demand
  • (B) Elastic demand
  • (C) Inelastic demand
  • (D) Unitary elastic

A

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Q. _____ refers to all those natural resources or gifts of nature which are provided free to man.

  • (A) Organization
  • (B) Capital
  • (C) Labour
  • (D) Land

A

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Q. According Ricardo rent is the payment made for the use of land for its _____ powers.

  • (A) Material
  • (B) Perishable
  • (C) Destructible
  • (D) Original

A

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Q. The factors used in production have to be rewarded on the basis for their _____

  • (A) Cost of production
  • (B) Productivity
  • (C) Supply
  • (D) Demand

A

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Q. Consider the following statements:
1. Treasury bills are issued at a discount and redeemed at the face value at maturity.
2. Cash Management Bills (CMBs) are generally issued for maturities less than 91 days.
Which of the statements given above is/are NOT correct?

  • (A) 1 only
  • (B) 2 only
  • (C) Both 1 and 2
  • (D) Neither 1 nor 2

A

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Q. Which among the following Five Year Plans was launched with specific objective of “Growth with Stability”?

  • (A) 3rd Five year Plan
  • (B) 4th Five year Plan
  • (C) 5th Five year Plan
  • (D) 6th Five year Plan

A

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Q. Which among the following is the main feature of Democratic planning?

  • (A) Inducement
  • (B) Government
  • (C) Direction
  • (D) Flexibility

A

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Q. Which among the following term is used for coexistence of inflation and stagnation?

  • (A) Depression
  • (B) Recession
  • (C) Reflation
  • (D) Stagflation

A

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Q. Which among the following maintains Real Time Gross Settlement?

  • (A) Reserve Bank of India
  • (B) Asian Development Bank
  • (C) World Bank
  • (D) State Bank of India

A

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Q. Which among the following measure of controlling inflation can be taken up by Reserve Bank of India & not by Government of India?

  • (A) Introducing a progressive tax system
  • (B) Control over public expenditures
  • (C) Rationing of credit
  • (D) Improving profits of public sector

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