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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 4 of Department 5]

P

Praveen Singh • 16.61K Points
Tutor I

31) Which one of the following is not an objective of Fiscal Policy in India?

(A) Price Stability
(B) Full Employment
(C) Regulation of International Trade
(D) Equitable Distribution of Wealth and Incomes
Correct Answer - Option (C)

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

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P

Praveen Singh • 16.61K Points
Tutor I

32) The best example of a capital intensive industry in India is

(A) Steel Industry
(B) Tourism Industry
(C) Textile Industry
(D) Sports Goods Industry
Correct Answer - Option (A)

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

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P

Praveen Singh • 16.61K Points
Tutor I

33) Which one of the following is not included while estimating national income through income method?

(A) Rent
(B) Pension
(C) Mixed Income
(D) Undistributed profits
Correct Answer - Option (D)

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

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P

Praveen Singh • 16.61K Points
Tutor I

34) Who advocated the adoption of ‘PURA’ model to eradicate rural poverty?

(A) A.M. Khusro
(B) Dr. A.P.J. Abdul Kalam
(C) M.S. Swami Nathan
(D) Maulana Abul Kalam Azad
Correct Answer - Option (B)

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P

Praveen Singh • 16.61K Points
Tutor I

35) The main difference between Gross Domestic Product (GDP) and Gross National Product (GNP) is

(A) Capital gains
(B) Transfer payments
(C) Net foreign income from abroad
(D) Capital consumption allowance
Correct Answer - Option (C)

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D

Deepak Sahoo • 10.60K Points
Tutor II

37) For which tax, was constitutional status given much later after its introduction in a small way in 1994-95?

(A) Income Tax
(B) Taxes on Services
(C) Corporation Tax
(D) Customers Duty
Correct Answer - Option (B)

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D

Deepak Sahoo • 10.60K Points
Tutor II

38) Social accounting system in India is classified into

(A) Enterprise, households and government
(B) Assets, liabilities and debt position
(C) Income, product and expenditure
(D) Public sector, private sector and joint sector
Correct Answer - Option (C)

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

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D

Deepak Sahoo • 10.60K Points
Tutor II

40) The First Five Year Plan of the Government of India was based on

(A) Harrod-Domar model
(B) Mahalanobis four-sector model
(C) Leontief input-output model
(D) Mahalanobis two-sector model
Correct Answer - Option (A)

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