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Learn CIVIL SERVICES MCQs with answers [Page 2 of Department 31]

11) An economy which does not have any relation with the rest of the world is known as

(A) Mixed economy
(B) Open economy
(C) Closed economy
(D) Socialist economy
Correct Answer - Option (C)

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12) A philosophy that the worker should share in industrial decisions is termed as

(A) Worker dictatorship
(B) Industrial socialism
(C) Worker sovereignty
(D) Industrial democracy
Correct Answer - Option (D)

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13) According to Modern Theory of Rent, rent accrues to

(A) Any factor
(B) Capital only
(C) Land only
(D) Labour only
Correct Answer - Option (A)

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14) The book which is at the centerpiece of the study of Macro-Economics was written by

(A) Prof. Benham
(B) Prof. Baumol
(C) Prof. Samuelson
(D) Prof. J.M. Keynes
Correct Answer - Option (D)

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15) The basic problem studied in Macro-Economics is

(A) Usage of income
(B) Flow of income
(C) Production of income
(D) Distribution of income
Correct Answer - Option (C)

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16) The relationship between the rate of interest and level of consumption was first visualized by

(A) Amartya K. Sen
(B) Irving Fisher
(C) Milton Friedman
(D) James Duesenberry
Correct Answer - Option (B)

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17) The symbol of Reserve Bank of India is

(A) Tiger before a Palm tree
(B) Capitol of Asokan Pillar
(C) Kuber with a purse of money
(D) A Dog sitting in a defensive state
Correct Answer - Option (A)

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18) The achieve high rates of growth of national output, the economy has to

(A) Borrow foreign capital
(B) Step up the rate of savings
(C) Reduce the rate of growth of population
(D) Increase the rate of investment and reduce the capital output ratio
Correct Answer - Option (D)

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

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19) National income refers to

(A) Money value of stocks and shares of a country during a year
(B) Money value of capital goods produced by a country during a year
(C) Money value of consumer goods produced by a country during a year
(D) Money value of goods and services produced in a country during a year
Correct Answer - Option (B)

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20) Why did the Government ban the import of “Terminator seeds”?

(A) To contain a virus which can destroy local crops
(B) These seeds multiply at very slow rates
(C) These seeds are injurious to human and animal health
(D) These seeds contain genetically engineered properties to prevent further multiplication
Correct Answer - Option (D)

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