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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 of Department 5]

1) National income refers to

(A) Money value of stocks and shares of a country during a year

(B) Money value of capital goods produced by a country during a year

(D) Money value of goods and services produced in a country during a year

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Category: Economic Added by: Ruchi Sharma

Correct Answer - Option (B)

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

2) Why did the Government ban the import of “Terminator seeds”?

(A) To contain a virus which can destroy local crops

(B) These seeds multiply at very slow rates

(D) These seeds contain genetically engineered properties to prevent further multiplication

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Category: Economic Added by: Ruchi Sharma

Correct Answer - Option (D)

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

3) Merchant Banking is an institution which provides finances to:

(A) International trade among countries

(B) Domestic retail trade among

(D) Domestic whole sale trade

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Category: Economic Added by: Ruchi Sharma

Correct Answer - Option (A)

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

4) Which amidst the following taxes collected by the Union is NOT mandated to be assigned to the States?

(A) Service Tax

(B) Taxes on consignment of goods

(D) Terminal taxes on goods or passengers carried by railway, sea or air

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Category: Economic Added by: Ruchi Sharma

Correct Answer - Option (A)

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

5) Inflation is caused by:

(A) Increase in supply of goods

(B) Decrease in money supply

(D) Increase in cash with the government

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Category: Economic Added by: Ruchi Sharma

Correct Answer - Option (C)

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

6) Open market operation refers to

(A) Purchase and sale of Government securities by the R.B.I.

(B) Purchase and sale of bounds and securities by the Central Govt.

(D) Lending by scheduled banks to non-scheduled banks

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Category: Economic Added by: Ruchi Sharma

Correct Answer - Option (A)

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

7) What is the main function of Central Statistical Organisation (CSO)?

(A) Determination of money supply

(B) Price determination

(D) Collection of detail data regarding employment

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Category: Economic Added by: Ruchi Sharma

Correct Answer - Option (C)

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

8) What does National Income mean?

(A) The total value of all consumer goods produced in the country during a period of one year

(B) The total value of all capital goods produced in the country during a period of one year

(D) The total value of all goods and services produced in the country during a period of one year

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Category: Economic Added by: Ruchi Sharma

Correct Answer - Option (D)

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

9) Which of the following is the most important domestic source of planned finance?

(A) Additional taxation

(B) Domestic private savings

(D) Balance of current revenue

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Category: Economic Added by: Chandrakant

Correct Answer - Option (B)

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

10) Which authority decides about the States’ share in central taxes?

(A) Finance Ministry

(B) Election Commission

(D) Finance Commission

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Category: Economic Added by: Chandrakant

Correct Answer - Option (D)

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

You are learning MCQ Questions of Economic Department : 5 | Page : 1

Departments: Each department has 100 Multiple choice questions.

Economic MCQ Questions with answers

Learn Economic MCQs [Page 1 of Department 5]

1) National income refers to

2) Why did the Government ban the import of “Terminator seeds”?

3) Merchant Banking is an institution which provides finances to:

4) Which amidst the following taxes collected by the Union is NOT mandated to be assigned to the States?

5) Inflation is caused by:

6) Open market operation refers to

7) What is the main function of Central Statistical Organisation (CSO)?

8) What does National Income mean?

9) Which of the following is the most important domestic source of planned finance?

10) Which authority decides about the States’ share in central taxes?

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Attempt 50+ Quizzes on Economic

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Economic MCQ Questions with answers

Learn Economic MCQs [Page 1 of Department 5]

1) National income refers to

2) Why did the Government ban the import of “Terminator seeds”?

3) Merchant Banking is an institution which provides finances to:

4) Which amidst the following taxes collected by the Union is NOT mandated to be assigned to the States?

5) Inflation is caused by:

6) Open market operation refers to

7) What is the main function of Central Statistical Organisation (CSO)?

8) What does National Income mean?

9) Which of the following is the most important domestic source of planned finance?

10) Which authority decides about the States’ share in central taxes?

Select Subject

Attempt 50+ Quizzes on Economic

Choose Examination

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