Where public sector exists along with the private sector in national economy

Where agriculture and industry are given equal importance

Where public sector exists along with the private sector in national economy

Where globalization is transferred with heavy dose of swadeshi in National Economy

Where the centre and the states are equal partners in economic planning and development

Learn Economic MCQ Questions with answers and solutions.

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Q. If both demand for a commodity and the supply of the commodity increase, equilibrium price will :

(A) Decrease
(B) Remain the same
(C) Increase
(D) Any of the above

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Q. Other things being equal, a decrease in quantity demanded of a commodity can be caused by

(A) A rise in the price of the commodity
(B) A rise in the income of the consumer
(C) A fall in the price of a commodity
(D) A fall in the income of the consumer

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Q. Mixed Economy means

(A) Where agriculture and industry are given equal importance
(B) Where public sector exists along with the private sector in national economy
(C) Where globalization is transferred with heavy dose of swadeshi in National Economy
(D) Where the centre and the states are equal partners in economic planning and development

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Q. Forced saving refers to

(A) Compulsory deposits imposed on income tax payers
(B) Provident fund contribution of private sector employees
(C) Reduction of consumption consequent to a rise in price
(D) Taxes on individual income and wealth

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Q. The Expenditure on advertisement and public relation by an enterprise is a part of its

(A) Consumption of fined capital
(B) Final consumption Expenditure
(C) Intermediate Consumption
(D) Fined Capital

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Q. If a country produces consumer goods only and nothing else, then

(A) Standard of living will be highest
(B) The country have certain amount of good
(C) The country will soon become poor if external trade will not happen
(D) The country will gradually become rich if external trade will not happen

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Q. Which of the following represents the saving of the Private Corporate Sector?

(A) Undistributed profits
(B) Excess of income over expenditure
(C) Dividends paid to shareholders
(D) Total profit of a company

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Q. The Income of Indians working abroad is

(A) Domestic Income of India
(B) Income earned from abroad
(C) Net domestic product of India
(D) Grave domestic product of India.

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Q. When increase in income the increase in ratio between income & expenditure changes–

(A) In same ratio
(B) Ratio less than 1
(C) Ratio more than one
(D) None

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Q. Monetary policy in India is formulated by

(A) RBI
(B) SEBI
(C) CLB
(D) Finance Ministry

Economic MCQs with answers Page - 7

Q. If both demand for a commodity and the supply of the commodity increase, equilibrium price will :

Q. Other things being equal, a decrease in quantity demanded of a commodity can be caused by

Q. Mixed Economy means

Q. Forced saving refers to

Q. The Expenditure on advertisement and public relation by an enterprise is a part of its

Q. If a country produces consumer goods only and nothing else, then

Q. Which of the following represents the saving of the Private Corporate Sector?

Q. The Income of Indians working abroad is

Q. When increase in income the increase in ratio between income & expenditure changes–

Q. Monetary policy in India is formulated by

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