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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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Tags: Economic mcqs, important mcqs of Economic, Economic important Economic mcqs, mcqs on Economic, important mcqs on Economic, mcqs of Economic

Learn Economic MCQs [Page 1 ]

Q) Internal profit -

(A) Happens when internal trade expands
(B) Happens when business expands
(C) Happens in economy when they increase
(D) Happens in firms when they expand their product

Category: Economic Added by: Shyam Dubey

Correct Answer - Option (D)

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

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Q) Who among the following is not a classical economist?

(A) David Ricardo
(B) John Stuart Mill
(C) Thomas Malthus
(D) John Maynard Keynes

Category: Economic Added by: Shyam Dubey

Correct Answer - Option (D)

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

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Q) The concept of five year plans in India was introduced by

(A) Lord Mountbatten
(B) Jawahar lal nehrut
(C) Indira Gandhi
(D) Lal Bahadur Shastri

Category: Economic Added by: Praveen Singh

Correct Answer - Option (B)

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

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Q) The Cause of inflation is

(A) Increase in money supply
(B) Fall in production
(C) Increase in money supply and fall in production
(D) Decrease in money supply and fall in production

Category: Economic Added by: Priyanka Tomar

Correct Answer - Option (C)

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

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Q) Mixed economy means

(A) Co-existence of small scale and large scale industries
(B) Co-existence of the rich and poor
(C) Co-existence of private and public sector
(D) Assigning equal importance to both agriculture and heavy industries

Category: Economic Added by: Priyanka Tomar

Correct Answer - Option (C)

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

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