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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 6]

31) Which of the following sector comes under priority sector lending?
1. Agriculture
2. MSME
3. Education
4. Housing
5. Social Infrastructure
Choose the correct option from the choices given below:

(A) 1,2,3 and 5 only

(B) 1,2,3 and 4 only

(D) 1,2,3,4 and 5

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Correct Answer - Option (D)

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

32) Which among the following are called risk free bonds?

(A) Commercial bills

(B) Mutual funds

(D) G-secs

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Correct Answer - Option (D)

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

33) Which of the following is incorrect regarding NBFC?
1. They are registered under the companies act,1956
2. They can accept deposits
3. They buy shares
4. They involve in agricultural lending
Choose the correct option from the choices given below:

(A) 1,2 and 3 only

(B) 2,3 and 4 only

(D) 1 and 3 only

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Correct Answer - Option (D)

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

34) A closed economy is one which

(A) is not a member of the U. N. O

(B) does not have a coastal line

(D) does not possess any means of international transport

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Correct Answer - Option (C)

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35) Operating Surplus arises in the

(A) Government Sector

(B) Enterprise Sector

(D) Production for self-consumption

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Correct Answer - Option (A)

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

36) Which of the following taxes is such which does not cause rise in price?

(A) Sales tax

(B) Income tax

(D) None of the above

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Correct Answer - Option (B)

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

37) Who among the following has suggested tax on expenditure?

(A) Musgrave

(B) Dalton

(D) Gautam Mathur

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Correct Answer - Option (C)

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

38) Excise duty on a commodity is payable with reference to its

(A) Production

(B) Production and sale

(D) Production, transportation and sale

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Correct Answer - Option (A)

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

39) What is Value Added Tax (VAT)?

(A) A new tax to be imposed on the producers of capital goods

(B) A simple, transparent, easy to pay tax imposed on consumers

(D) A new initiative taken by the Government to increase the tax-burden of high income groups

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Correct Answer - Option (C)

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

40) A mixed economy works primarily through the

(A) Market mechanism

(B) Central allocative machinery

(D) Market mechanism guided by Government participation and planning

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Correct Answer - Option (D)

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

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

Departments: Each department has 100 Multiple choice questions.

Economic MCQ Questions with answers

Learn Economic MCQs [Page 4 of Department 6]

31) Which of the following sector comes under priority sector lending? 1. Agriculture 2. MSME 3. Education 4. Housing 5. Social Infrastructure Choose the correct option from the choices given below:

32) Which among the following are called risk free bonds?

33) Which of the following is incorrect regarding NBFC? 1. They are registered under the companies act,1956 2. They can accept deposits 3. They buy shares 4. They involve in agricultural lending Choose the correct option from the choices given below:

34) A closed economy is one which

35) Operating Surplus arises in the

36) Which of the following taxes is such which does not cause rise in price?

37) Who among the following has suggested tax on expenditure?

38) Excise duty on a commodity is payable with reference to its

39) What is Value Added Tax (VAT)?

40) A mixed economy works primarily through the

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Economic MCQ Questions with answers

Learn Economic MCQs [Page 4 of Department 6]

31) Which of the following sector comes under priority sector lending? 1. Agriculture 2. MSME 3. Education 4. Housing 5. Social Infrastructure Choose the correct option from the choices given below:

32) Which among the following are called risk free bonds?

33) Which of the following is incorrect regarding NBFC? 1. They are registered under the companies act,1956 2. They can accept deposits 3. They buy shares 4. They involve in agricultural lending Choose the correct option from the choices given below:

34) A closed economy is one which

35) Operating Surplus arises in the

36) Which of the following taxes is such which does not cause rise in price?

37) Who among the following has suggested tax on expenditure?

38) Excise duty on a commodity is payable with reference to its

39) What is Value Added Tax (VAT)?

40) A mixed economy works primarily through the

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Attempt 50+ Quizzes on Economic

Choose Examination

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