Q. India's economic planning cannot be said to be
(A)
Indicative
(B)
Imperative
(C)
Limited
(D)
Democratic
✅ Correct Answer: (B)
Imperative
Q. What is the ratio of money held by the public in currency to that they held in deposit ?
(A)
The currency deposit ratio
(B)
The reserve deposit ratio
(C)
Cash reserve ratio
(D)
Cash deposit ratio
✅ Correct Answer: (A)
The currency deposit ratio
Q. Economy is in the "Liquidity Trap" when –
(A)
Rate of interest on bonds is minimum
(B)
Rate of interest on bonds is maximum
(C)
Transaction demand for money is maximum
(D)
None of the above
✅ Correct Answer: (A)
Rate of interest on bonds is minimum
Q. 'Laffer Curve" shows the relationship between –
(A)
Government Revenue and Government Expenditure.
(B)
Tax Rates and Tax Revenue
(C)
Direct Taxes and GDP.
(D)
None of the above
✅ Correct Answer: (B)
Tax Rates and Tax Revenue
Q. Classification of an enterprise into public or private sector is based on
(A)
number of employees in the enterprise
(B)
ownership of assets of the enterprise
(C)
employment conditions for workers in the enterprise
(D)
nature of products manufactured by the enterprise
✅ Correct Answer: (B)
ownership of assets of the enterprise
Q. Which one among the following is not a source of tax revenue for the Central Government in India ?
(A)
Income tax
(B)
Customs duuties
(C)
Service tax
(D)
Motor Vehicle tax
✅ Correct Answer: (D)
Motor Vehicle tax
Q. Which of the following does not form part of current account of Balance of Payments?
(A)
Export and import of goods
(B)
Export and import of services
(C)
Income receipts and payments
(D)
Capital receipts and payments
✅ Correct Answer: (D)
Capital receipts and payments
Q. The ‘Arthasastra’ is a treatise on which one of the following?
(A)
Economics
(B)
Environment
(C)
Political Philosophy
(D)
Religion in Administration
✅ Correct Answer: (C)
Political Philosophy
Q. ..................... is an active factor of production
(A)
Product
(B)
Labour
(C)
Wages
(D)
Price
✅ Correct Answer: (B)
Labour
Q. When total utility becomes maximum, then marginal utility will be
(A)
Maximum
(B)
Minimum
(C)
Either maximum or minimum
(D)
Zero
✅ Correct Answer: (D)
Zero
Jump to Go
Tags: Economic mcqs, important mcqs of Economic, Economic important Economic mcqs, mcqs on Economic, important mcqs on Economic, mcqs of Economic