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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 2 of Department 7]

V

Vishal Gupta • 7.73K Points
Tutor III

12) Taxes on professions can be levied by:

(A) State government only
(B) Union government only
(C) Both by state and union government
(D) By Panchayats only
Correct Answer - Option (A)

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

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V

Vishal Gupta • 7.73K Points
Tutor III

14) “Closed Economy” means:

(A) No provision for public sector
(B) No provision for private sector
(C) Economy policy not well defined
(D) A country having no imports and exports
Correct Answer - Option (D)

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

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V

Vishal Gupta • 7.73K Points
Tutor III

15) Which of the following subjects does not figure in the Concurrent List of our Constitution?

(A) Forests
(B) Trade unions
(C) Stock Exchanges and futures markets
(D) Protection of wild animals and birds
Correct Answer - Option (C)

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

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V

Vishal Gupta • 7.73K Points
Tutor III

17) Savings rate is relatively low in developed economies because of

(A) Welfare programmes
(B) High interest rate
(C) Low per capital income
(D) Liquidity/Borrowing constraint
Correct Answer - Option (A)

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

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V

Vishal Gupta • 7.73K Points
Tutor III

19) Taxes are as certain as the death, because

(A) Most PSUs are run inefficiently
(B) Government has its own budget constraints
(C) Government have no other source of revenue
(D) They constitute the major source of government revenue
Correct Answer - Option (D)

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

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J

Jitendra Singh • 7.47K Points
Tutor III

20) A cause of inflation is :

(A) increase in money supply
(B) increase in money supply and fall in production
(C) fall of production
(D) decrease in money supply and fall in production
Correct Answer - Option (B)

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

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