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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 9 of Department 6]

81) If the main objective of the government is to raise revenue, it should tax commodities with

(A) High elasticity of demand
(B) Low elasticity of demand
(C) Low elasticity of supply
(D) High income elasticity of demand
Correct Answer - Option (B)

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

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82) Economic growth is dependent mainly on

(A) Price stability
(B) Population growth
(C) Level of consumption
(D) Level of investment
Correct Answer - Option (D)

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

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83) Interest paid by the government on the loans raised is called

(A) Debt Servicing
(B) Bridge-loan
(C) Deficit Financing
(D) Discounted Budgeting
Correct Answer - Option (A)

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

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85) Value of output and value added can be distinguished if we know:

(A) The value of the sales
(B) The value of net indirect taxes
(C) The value of intermediate consumption
(D) The value of consumption of fixed capital
Correct Answer - Option (C)

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

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86) Which one of the following is not a ‘cannot of taxation’ according to Adam Smith?

(A) Canon of simplicity
(B) Canon of certainty
(C) Canon of economy
(D) Canon of convenience
Correct Answer - Option (A)

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

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89) Green Banking channel has been launched by:

(A) Punjab National Bank
(B) State Bank of India
(C) Reserve Bank of India
(D) Bank of Baroda
Correct Answer - Option (B)

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

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90) Which state of India ranks first in milk production as per the data of the year 2009-10?

(A) Bihar
(B) Jharkhand
(C) Uttar Pradesh
(D) West Bengal
Correct Answer - Option (C)

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

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