Home / Economic MCQs / Department 2 / Page 8

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.

Learn Economic mcqs in hindi here.

Tags: Economic mcqs, important mcqs of Economic, Economic important Economic mcqs, mcqs on Economic, important mcqs on Economic, mcqs of Economic

Learn Economic MCQs [Page 8 of Department 2]

71) The marginal productivity theory explains any variable factor must obtain a reward equal to its _____

(A) Average product
(B) Total product
(C) Productivity
(D) Marginal product
Correct Answer - Option (D)

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

Share in MCQ Buddy Groups

Share

72) In the words of _____, “without saving, there can be no liquidity to surrender”.

(A) Marshall
(B) Robbins
(C) Jacob Viner
(D) Keynes
Correct Answer - Option (C)

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

Share in MCQ Buddy Groups

Share

73) In a _____ economy there is no central coordinator guiding its operation.

(A) Traditional
(B) Socialist
(C) Mixed
(D) Capitalist
Correct Answer - Option (D)

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

Share in MCQ Buddy Groups

Share

74) Without use of _____ factor no goods can be produced.

(A) Additional
(B) Derived
(C) Primary
(D) Secondary
Correct Answer - Option (C)

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

Share in MCQ Buddy Groups

Share

75) Indifference curve assumed that the consumer’s scale of preferences at a given time _____

(A) Remains constant
(B) Varies
(C) Remains one
(D) Remains zero
Correct Answer - Option (A)

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

Share in MCQ Buddy Groups

Share

77) A successful entrepreneur is one who is ready to accept

(A) Deciding the location of the production unit
(B) Risks
(C) Innovations
(D) None of these
Correct Answer - Option (C)

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

Share in MCQ Buddy Groups

Share

78) Monopoly power is achieved through patient right, copy right and trade marks by the producers is called ____ monopoly.

(A) Technical
(B) Natural
(C) Satte
(D) Legal
Correct Answer - Option (D)

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

Share in MCQ Buddy Groups

Share

79) ____ means government may take over monopolistic companies, which are exploiting the consumer.

(A) Consumer’s association
(B) Nationalisation
(C) Taxation
(D) Legislation
Correct Answer - Option (B)

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

Share in MCQ Buddy Groups

Share

80) The firm and industry are one and the same under

(A) Oligopoly
(B) Monopoly
(C) Duopoly
(D) Perfect competition
Correct Answer - Option (B)

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

Share in MCQ Buddy Groups

Share

You are learning MCQ Questions of Economic Department : 2 | Page : 8

Attempt 50+ Quizzes on Economic

Download our easy to use, user friendly Android App from Play Store. And learn MCQs with one click.

Image

MCQ Buddy is a community website which helps students in learning new questions, topics, hindi questions, programming questions, cbse questions. These questions are shared by registered users. You can also share question in this portal. Sign Up to share, upvote, add solution/explation of any question.
Sharing is Caring. Help other students by sharing questions, update solutions/explanations of questions added.

Login

Forgot username? click here

Forgot password? Click here

Don't have account? Register here.