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Economic MCQ Questions with answers

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Learn Economic MCQs [Page 5 of Department 9]

Ankit Singh • 5.81K Points
Tutor III

41) If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits

(A) will decrease

(B) will increase

(D) None of the above

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Correct Answer - Option (C)

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Ankit Singh • 5.81K Points
Tutor III

42) India changed over to the decimal system of coinage in

(A) April 1995

(B) April 1957

(D) April 1959

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Correct Answer - Option (B)

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Ankit Singh • 5.81K Points
Tutor III

43) The association of the rupee with pound sterling as the intervention currency was broken in

(A) 1990

(B) 1991

(D) 1993

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Correct Answer - Option (C)

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Ankit Singh • 5.81K Points
Tutor III

44) On which one of the following is the benefits received principle of taxation to achieve optimality bases?

(A) Marginal benefit received

(B) Total benefit received

(D) Ability to pay for the benefit

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Correct Answer - Option (D)

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Rakesh Yadav • 4.99K Points
Extraordinary

45) The main reason for low growth rate in India, inspite of high rate of saving and capital formation is:

(A) High capital/output ratio

(B) Low capital/output ratio

(D) Low level of foreign investment

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Correct Answer - Option (A)

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Rakesh Yadav • 4.99K Points
Extraordinary

46) The situation ‘Liquidity trap’ refers to

(A) Because of price rate declination people wish to hold only cash

(B) People want to hold only cash because there is too much of liquidity in the economy

(D) There is an excess of foreign exchange reserves in the economy leading to excess of money supply

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Correct Answer - Option (C)

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Rakesh Yadav • 4.99K Points
Extraordinary

47) The tax whose share in overall taxation revenue has gone up rapidly during the planning period is:

(A) Income tax

(B) Wealth tax

(D) Tax on production

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Correct Answer - Option (D)

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Rakesh Yadav • 4.99K Points
Extraordinary

48) The most appropriate measure of a country’s economic growth is the:

(A) Per capita real income

(B) Net domestic product

(D) None of the above

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Correct Answer - Option (A)

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Rakesh Yadav • 4.99K Points
Extraordinary

49) Value-added tax is:

(A) A special tax levied by states on products from other states

(B) Tax on final consumption collected at the consumption stage

(D) An indirect tax on the domestic consumption of goods collected at all stages between production and the point of final sale

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Correct Answer - Option (D)

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Rakesh Yadav • 4.99K Points
Extraordinary

50) How does the consumer benefit with VAT ?

(A) With the abolition of the sales tax

(B) As compared to other taxes, there is a less chance of tax evasion. VAT minimizes tax evasion due to its catch-up effect. It reduces the cost of production

(D) None of these

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Correct Answer - Option (B)

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You are learning MCQ Questions of Economic Department : 9 | Page : 5

Departments: Each department has 100 Multiple choice questions.

Economic MCQ Questions with answers

Learn Economic MCQs [Page 5 of Department 9]

41) If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits

42) India changed over to the decimal system of coinage in

43) The association of the rupee with pound sterling as the intervention currency was broken in

44) On which one of the following is the benefits received principle of taxation to achieve optimality bases?

45) The main reason for low growth rate in India, inspite of high rate of saving and capital formation is:

46) The situation ‘Liquidity trap’ refers to

47) The tax whose share in overall taxation revenue has gone up rapidly during the planning period is:

48) The most appropriate measure of a country’s economic growth is the:

49) Value-added tax is:

50) How does the consumer benefit with VAT ?

Select Subject

Attempt 50+ Quizzes on Economic

Choose Examination

Economic MCQ Questions with answers

Learn Economic MCQs [Page 5 of Department 9]

41) If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits

42) India changed over to the decimal system of coinage in

43) The association of the rupee with pound sterling as the intervention currency was broken in

44) On which one of the following is the benefits received principle of taxation to achieve optimality bases?

45) The main reason for low growth rate in India, inspite of high rate of saving and capital formation is:

46) The situation ‘Liquidity trap’ refers to

47) The tax whose share in overall taxation revenue has gone up rapidly during the planning period is:

48) The most appropriate measure of a country’s economic growth is the:

49) Value-added tax is:

50) How does the consumer benefit with VAT ?

Select Subject

Attempt 50+ Quizzes on Economic

Choose Examination

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