GkSeries.com

Economics Questions and Answers for Competitive Exams | Indian Economy Quiz Set 23

Download PDF

Free Download as PDF Economics Quiz Questions and Answers for Competitive Exams or solved MCQs with answers. These quiz objective questions are helpful for competitive exams SSC, UPSC, IAS, IPS, CDS, NDA, Railways or RRB, psc exams of Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttar Pradesh, West Bengal, Chhattisgarh, Uttarakhand, Jharkhand, Telangana etc.
Go To Download Page
(1) Which one of the following models explains the paradox pertaining to rural-urban migration in the context of rising urban employment ?
(1) Solow model
(2) Lewis model
(3) Vakil and Brahmanand model
(4) Todaro model
Answer: Todaro model
(2) In Harrod model of growth, if warranted rate of growth is below the natural rate of growth then it is possible to maintain steady state growth with :
(1) Continuously increasing unemployment
(2) A constant rate of unemployment
(3) Continuously decreasing unemployment
(4) None of the above
Answer: Continuously increasing unemployment

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

(3) Tobin tax is a tax on :
(1) transactions in the share market
(2) transactions in the money market
(3) transactions in the commodity market
(4) transactions in the foreign exchange market
Answer: transactions in the foreign exchange market
(4) Budget incidence refers to :
(1) The effect of both government expenditure and tax policies on the distribution of income.
(2) The effect of government expenditure on the allocation of resources.
(3) The effect of tax policies on the distribution of income and wealth in the private sector.
(4) None of the above
Answer: The effect of both government expenditure and tax policies on the distribution of income.
(5) In case of deficit budget, when the deficits are covered through taxes, that budget is called :
(1) unbalanced budget
(2) surplus budget
(3) balanced budget
(4) None of these
Answer: balanced budget
(6) Efficiency requires that the production of pure public goods be undertaken to the point where ?
(1) the sum of the marginal private benefits is exactly equal to the marginal social cost of production.
(2) the marginal private benefit is exactly equal to the marginal social cost of production.
(3) the marginal social cost exceeds the sum of the marginal private benefits.
(4) None of the above.
Answer: the sum of the marginal private benefits is exactly equal to the marginal social cost of production.
(7) Retail Banking is to provide banking services :
(1) only to individual customers in an integrated manner
(2) entirely to agriculture sector only
(3) only to self-help group for their survival
(4) None of the above
Answer: only to individual customers in an integrated manner
(8) Labour market reforms aim at :
(1) Job security
(2) Minimum wage
(3) Labour market flexibility
(4) Employment insurance
Answer: Employment insurance
(9) Jan - Dhan Yojna Concerns :
(1) Credit
(2) Tax payment
(3) Bank deposit
(4) Insurance premium
Answer: Bank deposit
(10) The Geometric mean of four numbers 2, X, 16, 32 is 8. What is the value of X ?
(1) 2
(2) 4
(3) 6
(4) 8
Answer: 4
(11) If mean528 and mode525, the value of median will be :
(1) 27
(2) 29
(3) 24
(4) 25
Answer: 27
(12) Type - I error is defined as :
(1) Reject Null-hypothesis when it is false.
(2) Reject Null-hypothesis when it is true
(3) Accept Null-hypothesis when it is true.
(4) Accept Null-hypothesis when it is false.
Answer: Reject Null-hypothesis when it is true
(13) Given that xy 5 0.6 , sY550, sX510, X 5 30 and Y 5 140 ; the correct regression of Y on X is given by :
(1) Y55013X
(2) Y511010.6X
(3) Y514013X
(4) Y514023X
Answer: Y514023X
(14) Which one of the following is not a method of sampling ?
(1) Systematic sampling
(2) Quota sampling
(3) Snowball sampling
(4) Large sampling
Answer: Large sampling
(15) Growth in software industry in India can be best explained by :
(1) Porter’s approach
(2) Ricardo’s approach
(3) Vernon’s approach
(4) Bella Balassa’s approach
Answer: Porter’s approach

View All Economics Practice Test Sets

Please share this page

Click Here to Read more questions

Teacher Eligibility Test