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: The interest in infrastructure is less because.

(A) There is large invest in it
(B) There needs a desired project
(C) Time to finish the infrastructure is more
(D) Profit is gained after long time.

Correct Ans: D

Que 2: “World Bank” is also called as –

(A) International Bank for Reconstruction and development
(B) International, rehabilation and development bank
(C) International rehabilated and development bank
(D) None of these.

Correct Ans: A

Que 3: What will happen if labour productivity is increased?

(A) Balanced cash wage will decrease
(B) Competitive firms will be forced to invest more
(C) Labour demand curve will shift towards right
(D) None of the above.

Correct Ans: C

Que 4: Socialism is successful in achieving because of–

(A) Excess socialistic approach in society
(B) To increase standard of living
(C) Equal distribution of income
(D) None of the above

Correct Ans: A

Que 5: Which among of the following is not a positive sign for any industry.

(A) Decrease in profit
(B) Labour instability
(C) Decrease in market
(D) Decrease in demand

Correct Ans: A

Que 6: IMF was established to meet which of the following objectives.
(i) Promoting International Monetary Cooperation
(ii) Expending International Trade
(iii) Lessening the inequlibrium in trade
(iv) Avoiding competitive exchange depreciations.

(A) i,ii,iii
(B) i, iii, iv
(C) ii, iv
(D) i, ii, iii, iv

Correct Ans: B

Que 7: The capital of IMF is made up by the contribution of–

(A) Credit
(B) Deficit Financing
(C) Member Nations
(D) Borrowings

Correct Ans: C

Que 8: The term “Micro Economics” and “Macro Economics” was coined by–

(A) Alfred Marshal
(B) Ragner Nurkse
(C) Ragner Frisch
(D) J.M. Keynes

Correct Ans: C

Que 9: “Micro” and “Macro” words was firstly used by

(A) Ragnar Frisch
(B) I. Fischer
(C) James Tobin
(D) Garle

Correct Ans: A

Que 10: Arthashastra by “Kautilya” is related with–

(A) Military Phase
(B) Political Reign
(C) Social phase
(D) Economic postulates

Correct Ans: B

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10 Important Economic MCQs for Most of the competitive examinations

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