10 Important Economic MCQs for Most of the competitive examinations

By - admin | Category: Economic

In this article, 10 Important Economic MCQs are added which are frequently asked in Bank exams, SSC exams, RBI, Police exams. Each question has four options. Correct answer is below question. You can find more MCQs in MCQ Feed.

Que 1: A ‘Transfer Income’ is as –

(A) Income which is not produced by as production process.
(B) Income taken away from one person given over to another.
(C) Unearned Income
(D) Earned Income

Correct Ans: A

Que 2: Personal Income produced in a country is not included in–

(A) Production income from NDP
(B) Net Production Income from foreign
(C) Transfer Income from government
(D) Current Payment on Foreign loans.

Correct Ans: D

Que 3: The Effect of ‘Investment Multiplier’ is shows on–

(A) Employment
(B) Savings
(C) Income
(D) Consumption

Correct Ans: C

Que 4: A rising per Capita Income will indicate a better welfare if it is accompanied by –

(A) Unchanged Income distribution overall.
(B) Changed Income distribution in favour of rich.
(C) Changed Income distribution in favour of poor.
(D) Changed Income distribution in favour of Industrial Labour.

Correct Ans: C

Que 5: GDP at factor cost equals–

(A) GDP – Indirect Tax + Subsidy
(B) GNP – depreciation
(C) NNP + depreciation
(D) GDP – subsidy + indirect tax

Correct Ans: A

Que 6: A ‘Transfer Income’ is an

(A) Income which is not produced by any production process
(B) Income taken away from one person and given over to another
(C) Unearned income
(D) Earned income

Correct Ans: A

Que 7: Income and consumption are–

(A) Inversely Related
(B) Directly Related
(C) Partially Related
(D) Unrelated

Correct Ans: B

Que 8: Which of the following would not constitute an economic activity in Economics?

(A) A teacher teaching students in his college
(B) A teacher teaching students in a coaching institute
(C) A teacher teaching his own daughter at home
(D) A teacher teaching students under Sarva Shiksha Abhiyan Scheme

Correct Ans: C

Que 9: Which one of the following is not a method of measurement of National Income?

(A) Value Added Method
(B) Income Method
(C) Investment Method
(D) Expenditure Method

Correct Ans: C

Que 10: Gross Profit means

(A) Total investment over total savings
(B) Changes in methods of production
(C) Changes in the form of business organisation
(D) Total receipts over total expenditure.

Correct Ans: D

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10 Important Economic MCQs for Most of the competitive examinations

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