10 Most Important Economic MCQs for SSC, SSC CGL and BANKING
Que 1: The Worldwide great depression happens in which year
(A) 1936
(B) 1929
(C) 1928
(D) 1930
Correct Ans: B
Que 2: 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.
Correct Ans: C
Que 3: 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
Correct Ans: D
Que 4: 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.
Correct Ans: B
Que 5: 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
Correct Ans: D
Que 6: The best Example of capital intensive industry in India is
(A) Textile industry
(B) Steel industry
(C) Tourism industry
(D) Spare goods industry.
Correct Ans: B
Que 7: The Removal of prohibitions and hindrance by government is called.
(A) Globalisation
(B) Privatisation
(C) Liberalisation
(D) Bilateral understanding.
Correct Ans: C
Que 8: 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.
Correct Ans: A
Que 9: 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.
Correct Ans: A
Que 10: 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
Correct Ans: C
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