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Q) According to Kenz, consumption function shows relation between.
Correct Answer - Option
(C)
No Explanation found. Add Explanation and get +2 points.
Economic MCQ Questions with answers
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Q) The interest in infrastructure is less because.
Correct Answer - Option
(D)
No Explanation found. Add Explanation and get +2 points.
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Q) “World Bank” is also called as –
Correct Answer - Option
(A)
No Explanation found. Add Explanation and get +2 points.
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Q) What will happen if labour productivity is increased?
Correct Answer - Option
(C)
Explanation:
If there is low marginal labour production,
then after giving wages there will be profit from marginal labourer. Ultimately, demand of labour will increase and labour demand curve will shift towards right.
then after giving wages there will be profit from marginal labourer. Ultimately, demand of labour will increase and labour demand curve will shift towards right.
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Q) Socialism is successful in achieving because of–
Correct Answer - Option
(A)
No Explanation found. Add Explanation and get +2 points.
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Q) Which among of the following is not a positive sign for any industry.
Correct Answer - Option
(A)
No Explanation found. Add Explanation and get +2 points.
Q) IMF was established to meet which of the following objectives.
(i) Promoting International Monetary Cooperation
(ii) Expending International Trade
(iii) Lessening the inequlibrium in trade
(iv) Avoiding competitive exchange depreciations.
Correct Answer - Option
(B)
No Explanation found. Add Explanation and get +2 points.
Q) The capital of IMF is made up by the contribution of–
Correct Answer - Option
(C)
Explanation:
IMF was established on 27th Dec 1945 by Bretton Woods conference. It started working from 1st March, 1947. Every member nations gives 25% money in terms of gold or US dollars.
Q) The term “Micro Economics” and “Macro Economics” was coined by–
Correct Answer - Option
(C)
Explanation:
The difference between micro and macro economics is simple. Microeconomics is the study of economics at an individual, group or company level. Macroeconomics, on the other hand, is the study of a national economy as a whole. Microeconomics focuses on issues that affect individuals and companies.
Q) “Micro” and “Macro” words was firstly used by
Correct Answer - Option
(A)
Explanation:
In 1933, Ragnar Frisch firstly used the words “Micro” and “Macro”
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