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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 6 of Department 2]

52) ‘Stagflation’ is

(A) inflation after deflations
(B) deflation with growth
(C) inflation with depression
(D) inflation with growth
Correct Answer - Option (C)

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

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53) India is in favour of ______ in the economic field.

(A) Public Sector
(B) Private Sector
(C) Mixed Economy
(D) Capitalistic Economy
Correct Answer - Option (C)

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

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54) “Micro” and “Macro” words was firstly used by–

(A) Ragnar Frisch
(B) I. Fischer
(C) James Tobin
(D) Garle
Correct Answer - Option (A)

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55) Arthashastra by “Kautilya” is related with–

(A) Military Phase
(B) Political Reign
(C) Social phase
(D) Economic postulates
Correct Answer - Option (B)

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56) J.B say’s Law of Market Was not Accepted by :

(A) Adam Smith
(B) Marshall
(C) Malthus
(D) David Ricardo
Correct Answer - Option (B)

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

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57) The rate of tax increase as the amount of the tax base increases is called.

(A) Regressive Tax
(B) Digressive Tax
(C) Proportional Tax
(D) Progressive Tax
Correct Answer - Option (D)

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

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58) The supply­-side economics lays greater emphasis on ______

(A) Producer
(B) Middle Man
(C) Global Economy
(D) Consumer
Correct Answer - Option (A)

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

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59) The founding father of “Theory of bureaucracy” was

(A) Elton Mayo
(B) F. W. Taylor
(C) Herbert Simon
(D) Max Weber
Correct Answer - Option (D)

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

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60) Which of the following is called a ‘Bankers Cheque’?

(A) Demand Draft
(B) Debit Card
(C) Pay Order
(D) Fixed Deposit
Correct Answer - Option (C)

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

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