Indian Economy MCQ-215

Economy Online Exam UPPSC,TET,CDSE,WBPSC,CivilsPrelims,RRB,HPPSC,NDA/NA Exams



Surplus earned by a factor other than land in the short period is referred to as :

 
 
 
 

Which from the following is NOT true when the interest rate in the economy goes up ?

 
 
 
 

Labour Intensive Technique would get chosen in a :

 
 
 
 

Which one of the following would NOT constitute an economic activity ?

 
 
 
 

A ‘want’ becomes a ‘demand’ only when it is backed by the :

 
 
 
 

The terms ‘Micro Economies’ and ‘Macro Economies’ were coined by :

 
 
 
 

‘Economics is what it ought to be’. This statement refer to :

 
 
 
 

The excess of price

 
 
 
 

When the price of a commodity falls, we can expect:

 
 
 
 

Utility in economics means the capacity to :

 
 
 
 

Many times we read in financial newspaper FII. What is the full form of FII?

 
 
 
 

Many times we read a term ‘Free Market’ in newspapers. What does it mean ? [Pick up the correct statements)

It is a” market where pricing is driven by the laws of supply and demand.
2 . In free market things are available without restraints of the government.
3 . In such market goods are free from extraneous influences such as buffer or quotas,

 
 
 
 

What happens when an economy goes in the grip of recession ?

1 . GDP growth slows down
2 . People lose their jobs
3 . Foreign exchange reserve goes up substantially as lot of loans/grants start pouring in.

 
 
 
 

Which of the following committees recommended the revival of Co-operative Credit Institution in States ?

 
 
 
 

When the growth of GDP in a country slows down suddenly, people start losing their jobs and the situation continues for several weeks, what name is given to this state of economy ?

 
 
 
 

Who amongst the following economists gave the concept of ‘economics of sale’ which says, ‘many goods and services can be produced more cheaply in long series’ ?

 
 
 
 

In the present context of socio-economic development the concept of ‘meeting the needs of the present without compromising the ability of future generations to meet their needs’ is popularly known as the concept of :

 
 
 
 

Which of the following terms is NOT used in Economics ?

 
 
 
 

Which of the following terms is NOT used in the world of economics / finance ?

 
 
 
 

Muhammad Yunus of Bangladesh who was awarded Nobel Prize a few years back is a famous :

 
 
 
 

Who among the following was the chairman of the high level commission on competition policy and law ?

 
 
 
 

A community’s stock of wealth is accounted for by the :

 
 
 
 

Which one of the following situations makes a firm most efficient ?

 
 
 
 

C. Rangachari Committee is associated with which one of the following ?

 
 
 
 

Who got the 1998 Nobel Prize in Economics ?