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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 2 ]

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

Category: Economic Added by: Priyanka Tomar

Correct Answer - Option (A)

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

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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

Category: Economic Added by: Gopal Sharma

Correct Answer - Option (A)

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

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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

Category: Economic Added by: Gopal Sharma

Correct Answer - Option (B)

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

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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

Category: Economic Added by: Ranjeet

Correct Answer - Option (B)

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

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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

Category: Economic Added by: Shyam Dubey

Correct Answer - Option (D)

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

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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

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 ‘Arthasastra’ is a treatise on which one of the following?

(A) Economics
(B) Environment
(C) Political Philosophy
(D) Religion in Administration

Category: Economic Added by: Shyam Dubey

Correct Answer - Option (C)

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

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Q) When total utility becomes maximum, then marginal utility will be

(A) Maximum
(B) Minimum
(C) Either maximum or minimum
(D) Zero

Category: Economic Added by: Shyam Dubey

Correct Answer - Option (D)

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

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