Economics MCQ Questions with Answer
Q71. Consider the following statements in regard to zero-base budgeting (ZBB):
(1) Existing Government programs can be discarded under ZBB if they are found to be outdated.
(2) ZBB is difficult to be applied to Human Development programs as the outcome of such a program is intangible in nature.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Q72. Which one of the following is not a method of measurement of National income?
(a) Value Added Method
(b) Income Method
(c) Expenditure Method
(d) Investment Method
Q73. Which company, adopted the Taj Mahal through the ‘Clean India Campaign’ of the tourism ministry?
(a) Indian oil
Q74. What is CRISIL?
(b) Insurance Company
(d) Credit Rating Agency
Q75. During the episode of sustained fall in crude oil prices during the year 2015, which among the following best describes the pricing strategy of the OPEC countries?
(a) Transfer pricing
(b) Predatory pricing
(c) Defensive pricing
(d) Profit maximizing prices
Q76. In which one of the following crops international trade is low in the context of total produce?
Q77. Some time back, the Government of India, decided tode-license a ‘white goods’ industry. ‘White goods’ include:
(a) Stainless steel and aluminum utensils
(b) Milk and milk products
(c) Items purchased for conspicuous consumption
(d) Soaps, detergents, and other mass consumption goods
Q78. Hawala transactions relate to payments:
(a) Received in rupees against overseas currencies and vice versa without going through the official channels
(b) Received for sale/transfer of shares without going through the established stock exchanges
(c) Received as commission for services rendered to overseas investors/buyers/sellers in assisting them to get over the red tape and/or in getting preferential treatment
(d) Made to political parties or to individuals for meeting election expenses
Q79. Micro-economics is also called-
(a) Income theory
(b) Investment theory
(c) Price theory
(d) Expenditure theory
Q80. The self-employed in a developing country who are engaged in small scale labor-intensive work belong to the-
(a) Informal sector
(b) Primary sector
(c) Secondary sector
(d) Tertiary sector