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Economic MCQ Questions with answers

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Learn Economic MCQs [Page 6 of Department 4]

Kirti • 10.14K Points
Tutor II

51) The Nehru-Mahalanobis strategy of development guided the planning practice in India from the

(A) First Five-Year Plan to the Sixth Five-Year Plan

(B) First Five-Year Plan to the Eighth Five-Year Plan

(D) Fourth Five-Year Plan to the Eighth Five-Year Plan

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Correct Answer - Option (C)

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Kirti • 10.14K Points
Tutor II

52) What is the correct sequence of the following strategies used for Five Year Plans in India ?
I. Balanced growth
II. Rehabilitation of the economy
III. Industrial development

(A) I, III, II

(B) II, I, III

(D) III, II, I

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Correct Answer - Option (C)

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Kirti • 10.14K Points
Tutor II

53) Which one of the following is/ are a/ an indicator of the financial health of a country ?
I. GDP
II. PPP
III. FDI in a year

(A) Only I

(B) Only II

(D) All I, II & III

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Correct Answer - Option (D)

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Gopal Sharma • 17.50K Points
Tutor I

54) Multiplier process in economic theory is conventionally taken to mean:

(A) The manner in which prices increase

(B) The manner in which banks create credit

(D) Income of an economy grows on account of an initial investment

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Correct Answer - Option (D)

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Gopal Sharma • 17.50K Points
Tutor I

55) Which of the following concepts are most closely associated with J.M. Keynes?

(A) Marginal utility theory

(B) Control of money supply

(D) Indifference curve analysis

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Correct Answer - Option (C)

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Gopal Sharma • 17.50K Points
Tutor I

56) Evaluating all the options to find out most suitable solution to business problems is inter-displinary activities. It is called

(A) Commercial research

(B) Operational research

(D) Professional research

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Correct Answer - Option (B)

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Gopal Sharma • 17.50K Points
Tutor I

57) In a Laissez-faire economy

(A) The Government controls the allocation of all the factors of production

(B) The customers take all the decisions regarding production of all the commodities

(D) The private sector takes all the decisions for price determination of various commodities produced

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Correct Answer - Option (C)

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Gopal Sharma • 17.50K Points
Tutor I

58) In Economics, production means

(A) Farming

(B) Creating Utility

(D) Manufacturing

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Correct Answer - Option (B)

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Gopal Sharma • 17.50K Points
Tutor I

59) With which form of economy is the term ‘Laissez-faire’ associated?

(A) Command economy

(B) Mixed economy

(D) Capitalist economy

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Correct Answer - Option (D)

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Gopal Sharma • 17.50K Points
Tutor I

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

(A) John Maynard Keynes

(B) Thomas Malthus

(D) David Ricardo

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Correct Answer - Option (A)

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You are learning MCQ Questions of Economic Department : 4 | Page : 6

Departments: Each department has 100 Multiple choice questions.

Economic MCQ Questions with answers

Learn Economic MCQs [Page 6 of Department 4]

51) The Nehru-Mahalanobis strategy of development guided the planning practice in India from the

52) What is the correct sequence of the following strategies used for Five Year Plans in India ? I. Balanced growth II. Rehabilitation of the economy III. Industrial development

53) Which one of the following is/ are a/ an indicator of the financial health of a country ? I. GDP II. PPP III. FDI in a year

54) Multiplier process in economic theory is conventionally taken to mean:

55) Which of the following concepts are most closely associated with J.M. Keynes?

56) Evaluating all the options to find out most suitable solution to business problems is inter-displinary activities. It is called

57) In a Laissez-faire economy

58) In Economics, production means

59) With which form of economy is the term ‘Laissez-faire’ associated?

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

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Attempt 50+ Quizzes on Economic

Choose Examination

Economic MCQ Questions with answers

Learn Economic MCQs [Page 6 of Department 4]

51) The Nehru-Mahalanobis strategy of development guided the planning practice in India from the

52) What is the correct sequence of the following strategies used for Five Year Plans in India ? I. Balanced growth II. Rehabilitation of the economy III. Industrial development

53) Which one of the following is/ are a/ an indicator of the financial health of a country ? I. GDP II. PPP III. FDI in a year

54) Multiplier process in economic theory is conventionally taken to mean:

55) Which of the following concepts are most closely associated with J.M. Keynes?

56) Evaluating all the options to find out most suitable solution to business problems is inter-displinary activities. It is called

57) In a Laissez-faire economy

58) In Economics, production means

59) With which form of economy is the term ‘Laissez-faire’ associated?

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

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Choose Examination

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