MCQ's On Economics
MCQ's On Economics
MCQ's On Economics
PART1
1. Frequency density of a class is defined as
(A) Frequency of the class/Interval of the class
(B) Frequency of the class/ Cumulative frequency for the class
(C) Cumulative frequency for the class/Frequency of the class
(D) Frequency of the class/ Frequency of the previous class
2. Which of the following is statistics?
(A) Profit of a firm has gone up
(B) The production of wheat has increased
(C) The temperature of Delhi is 5 degree more than the temperature of Mumbai
(D) The birth rate has declined in India
3. At end March 2009, Indias total foreign exchange reserves stood at?
(A) Approximately $ 150 billion
(B) Approximately $ 200 billion
(C) Approximately $ 250 billion
(D) Approximately $ 300 billion
4.A firm is called maximum efficient firm if it has?
(A) Minimum Total Cost
(B) Minimum Average Cost
(C) Minimum Variable Cost
(D) Minimum Marginal Cost
5. Implicit cost may be considered as?
(A) Social cost
(B) Private cost
(C) Normal cost
(D) Variable cost
6 The Mid-day Meal scheme is covered under the Ministry of?
(A) Human Resource Development
(B) Health and Family Welfare
(C) Social Justice and Empowerment
(D) Consumer Affairs, Food and Public Distribution
7. Which of the following associate bank has been taken over by the State Bank of India in 2008?
(A) State Bank of Travancore
(B) State Bank of Hyderabad
(C) State Bank of Mysore
(D) State Bank of Saurashtra
8. Which of the following demand curves is not a constant elasticity curve?
(A) Vertical
(B) Horizontal
(C) Linear
(D)Rectangular hyperbola
9. The following theory of profit has been given by J. A. Schumpeter?
(A) Risk theory of profit
(B) Uncertainty bearing theory of profit
(C) Innovation theory of profit
(D) Dynamic theory of profit
10. The formula for determination of number of class-interval for a frequency distribution is given by?
(A) Connor
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
1. When the given values of x form geometric series and values of y form arithmetic series, the
relationship between The variables is given by
(A) Lemon function
(B) Lemon homogeneous function
(C) Binomial function
(D) Exponential function
2. Statistical distrusts are due to?
(A) Nature of statistics
( B)Limited scope of statistics
(C) insufficient tools of statistics
(D) Misuse of statistics
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
1.The concept of costing margin in the pricing theory was introduced by?
(A)Andrews
(B) Baumol
(C)Cournot
(D) Williamson
2.The Keynesian theory of employment provides the solution of?
(A) Frictional unemployment
(B) Disguised unemployment
(C) Cyclical unemployment
(D) Seasonal unemployment
3. Four heads of expenditure of the Union Budget 2009-10 are given
below
1. Plan expenditure
2. Non-plan expenditure
3. Revenue expenditure
D
D
C
B
D
C
C
A
B
C
B
A
B
A
C
.......................................................=============================........................
..................
Model test paper and Multiple choice Questions Quiz on indian Economy and theory of economics
1. Under which one of the following conditions, does product
exhaustion theorem hold?
(a) Increasing return to scale
(b) Decreasing return to scale
(c) Constant return to scale
(d) Constant return to factors of production
2. Public goods are characterized by:
1. collective consumption.
2. divisibility.
3. non-exclusion.
4. rival-consumption.
Select the correct answer using the code given below
(a) 1 and 2
(b) 1 and 3
(c) 1and 4
(d) 2 and 4
3.Capital Deepening refers to which one of the following:
(a) Going for more fixed capital
(b) Emphasis on social overhead capital
(c) A constant capital-output ratio
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
.......................................................-------------------------------.....................................................
MCQ economics questions test exercises
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50