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Economic MCQ Questions with answers

Here Important Economic MCQ questions are added which are frequently asked in almost all the examinations. You can check the correct answer of any question on clicking the show answer button or on option itself. The Correct answer will be displayed below. You can share any question with your friends on whatsapp by tapping whatsapp button.

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Learn Economic MCQs [Page 1 ]

M

Mr. Dubey • 51.27K Points
Coach

Q) 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 Answer - Option (D)

No Explanation found. Add Explanation and get +2 points.

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M

Mr. Dubey • 51.27K Points
Coach

Q) Who among the following is not a classical economist?

(A) David Ricardo
(B) John Stuart Mill
(C) Thomas Malthus
(D) John Maynard Keynes
Correct Answer - Option (D)

No Explanation found. Add Explanation and get +2 points.

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P

Praveen Singh • 26.47K Points
Instructor II

Q) The concept of five year plans in India was introduced by

(A) Lord Mountbatten
(B) Jawahar lal nehrut
(C) Indira Gandhi
(D) Lal Bahadur Shastri
Correct Answer - Option (B)

No Explanation found. Add Explanation and get +2 points.

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P

Priyanka Tomar • 25.20K Points
Instructor II

Q) The Cause of inflation is

(A) Increase in money supply
(B) Fall in production
(C) Increase in money supply and fall in production
(D) Decrease in money supply and fall in production
Correct Answer - Option (C)

No Explanation found. Add Explanation and get +2 points.

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P

Priyanka Tomar • 25.20K Points
Instructor II

Q) Mixed economy means

(A) Co-existence of small scale and large scale industries
(B) Co-existence of the rich and poor
(C) Co-existence of private and public sector
(D) Assigning equal importance to both agriculture and heavy industries
Correct Answer - Option (C)

No Explanation found. Add Explanation and get +2 points.

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