Economic MCQs with answers Page - 6

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

To check the correct answer, simply click the View Answer button provided for each question.

Have your own questions to contribute? Click the button below to share your MCQs with others!

+ Add Question

A

Admin • 802.91K Points
Coach

Q. The Production of a commodity mostly through the natural process is an activity of–

  • (A) Primary Sector
  • (B) Secondary Sector
  • (C) Tertiary Sector
  • (D) Technology Sector

A

Admin • 802.91K Points
Coach

Q. Rent is a cost paid for–

  • (A) Land
  • (B) Restaurant
  • (C) Building
  • (D) Factory

A

Admin • 802.91K Points
Coach

Q. Due to worldwide great depression, ‘New Deal’ was declared by?

  • (A) Abhraham Lincon
  • (B) Benzamin Frankllin
  • (C) J. F. Kennedy
  • (D) Roozwelt

A

Admin • 802.91K Points
Coach

Q. The Relationship between rate of interest and consumption level was firstly estimated by–

  • (A) Amartya Sen
  • (B) Milton Freedman
  • (C) Irwing Fischer
  • (D) James Duezan Berry

A

Admin • 802.91K Points
Coach

Q. The Surplus earned by a factor other than land in the short period is referred as

  • (A) Economic Rent
  • (B) Net Rent
  • (C) Quasi-Rent
  • (D) Super-Normal Rent

A

Admin • 802.91K Points
Coach

Q. Labour Intensive Technique would get chosen in a–

  • (A) Labour Surplus Economy
  • (B) Capital Surplus Economy
  • (C) Developed Economy
  • (D) Developing Economy

A

Admin • 802.91K Points
Coach

Q. Amartya Sen was awarded the Noble Prize for his contribution to

  • (A) Monetary Economics
  • (B) Welfare Economics
  • (C) Econometrics
  • (D) Development Economics

A

Admin • 802.91K Points
Coach

Q. The Views of eminent economist Robert Malthus on Population is–

  • (A) Pessimistic
  • (B) Optimistic
  • (C) Both (a) and (b)
  • (D) None of the above

A

Admin • 802.91K Points
Coach

Q. Which of the following is not true regarding a Gram Panchayat ?

  • (A) It is constituted in every village with a population over 500
  • (B) It consists of all the adult citizens of the village
  • (C) Its decisions are taken by a majority vote
  • (D) Its decision in petty criminal cases cannot be appealed in any court of Law

A

Admin • 802.91K Points
Coach

Q. Bad Advance of A Bank are Called ?

  • (A) Overdrawn Accounts
  • (B) Book Debts
  • (C) Non Performing Asset
  • (D) Out of order Accounts

Add MCQ in this Category

If you want to share an MCQ question in this category, it's a great idea! It will be helpful for many other students using this website.

Share Your MCQ

Browse Categories

Click on category to learn MCQs of that category.