Economic MCQs with answers Page - 4

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Q. Which among the following is not the investment of goods & services?

  • (A) Cost of machinery
  • (B) Increase in cost of raw goods
  • (C) Increasing department company
  • (D) Cost of buying house.

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. Multinational firm is–

  • (A) A company started by foreign governments
  • (B) A single company established in different countries
  • (C) A company in India started by U.S. government
  • (D) A company started jointly by India and U.S.

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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

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Q. The best Example of capital intensive industry in India is

  • (A) Textile industry
  • (B) Steel industry
  • (C) Tourism industry
  • (D) Spare goods industry.

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

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

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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.

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Q. In a economy “Development Stage” means

  • (A) Starting of steadily increasing economy
  • (B) Bad economy
  • (C) Economy is on the verge of destroying
  • (D) All tariff to be removed.

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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

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Q. The interest in infrastructure is less because.

  • (A) There is large invest in it
  • (B) There needs a desired project
  • (C) Time to finish the infrastructure is more
  • (D) Profit is gained after long time.

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