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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 6 of Department 6]

51) Surplus earned by a factor other than land in the short period of referred to as

(A) Quasi-rent
(B) Net rent
(C) Economic rent
(D) Super-normal rent
Correct Answer - Option (A)

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

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52) Which from the following is not true when the interest rate in the economy goes up?

(A) Lending decreases
(B) Saving increases
(C) Return on capital increases
(D) Cost of production increases
Correct Answer - Option (C)

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

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53) At present, India is following

(A) Fixed exchange rate
(B) Floating exchange rate
(C) Pegged up exchange rate
(D) Pegged down exchange rate
Correct Answer - Option (B)

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

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54) Whose name is associated with formulation of planning strategy in Second five Year plan? 

(A) Mahatma Gandhi
(B) Jawahar Lal Nehru
(C) Prasanta Chandra Mahalanobis
(D) B.R. Shenoy
Correct Answer - Option (C)

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

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55) In November 2007, the finance commission constituted by the president of India was:

(A) Thirteenth
(B) Tenth
(C) Ninth
(D) Eleventh
Correct Answer - Option (A)

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

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56) Meera Seth committee was associated with:

(A) the development of handloom industry.
(B) sex discrimination at work place
(C) female foeticide
(D) banking sector
Correct Answer - Option (A)

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

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57) Reserve Bank of India will soon release plastic notes in circulation will be of :

(A) Rs 100 notes
(B) Rs 20 notes
(C) Rs 50 notes
(D) Rs 10 notes
Correct Answer - Option (D)

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

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58) Where was first gold refinery established?

(A) Ahmedabad (Gujarat)
(B) Shirpur (Maharashtra)
(C) Bangalore (Karnataka)
(D) Mumbai (Maharashtra)
Correct Answer - Option (B)

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

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59) The terms “Micro Economics” and “Macro Economics” were coined by

(A) J.M. Keynes
(B) Ranger Frisch
(C) Ranger Nurkse
(D) Alfred Marshall
Correct Answer - Option (B)

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60) The existence of a parallel economy or Black Money

(A) Makes the economy more competitive
(B) Ensures increasing productive investment
(C) Makes the monetary policies less effective
(D) Ensures a better distribution of income and wealth
Correct Answer - Option (C)

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

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