Economics MCQ Questions with Answer
Q81. Who generally presents the Finance Budget in the Indian Parliament?
(a) RBI Governor
(b) Budget Minister
(c) Finance Minister
(d) Finance Secretary
Q82. Special Economic Zone (SEZ) concept was first introduced in–
Q83. What is meant by ‘Public Good’?
(a) A commodity produced by the Government
(b) A commodity whose benefits are indivisibly spread among the entire community
(c) A Government scheme that benefits the poor households
(d) Any commodity that is very popular among the general public
Q84. Match List-I with List-II and select the correct answer using the codes given below the lists:
|List-I (Term)||List-II (Explanation)|
|A. Fiscal deficit||1. Excess of total expenditure over total receipts|
|B. Budget deficit||2. Excess of revenue expenditure over revenue receipts|
|C. Revenue deficit||3. Excess of total expenditure over total receipts fewer borrowings|
|D. Primary deficit||4. Excess of total expenditure over total receipts fewer borrowings & interests payments.|
Codes: A B C D
(a) 3 1 2 4
(b) 4 3 2 1
(c) 1 3 2 4
(d) 3 1 4 2
Q85. Consider the following statements—
I. Sick Company is defined as one whose accumulated losses in any financial year are equal to or more than 50% of its average net worth during the previous four financial years.
II. The Government set-up Board of Industrial and Financial Reconstruction in 1987.
Which of the statement given above is/are correct?
Select the answer from the codes given below—
(a) Only I
(b) Only II
(c) Both I and II
(d) Neither I nor II
Q86. Where is the Headquarters of WTO located?
(d) New York
Q87. The main reason for the low growth rate in India, inspire of high rate of savings and capital formation is:
(a) High birth rate
(b) Low level of foreign and
(c) Low capital-output ratio
(d) High capital-output ratio
Q88. Which one of the following is the objective of the National Renewal Fund?
(a) To safeguard the interests of workers who may be affected by technological up-gradation of industry or closure of sick units
(b) To develop the core sector of the economy
(c) For the development of infrastructures such as energy, transport communications, and irrigation
(d) For human resource development such as full literacy, employment-population control, housing, and drinking water
Q89. Match List-I with List-II and select the correct answer using the codes given the lists:
|List-I (Industries)||List-II (Industrial Centers)|
|A. Pearl fishing||1. Pune|
|B. Automobiles||2. Tuticorin|
|C. Shipbuilding||3. Pinjore|
|D. Engineering goods||4. Marmagao|
(a) A-2; B-1; C-4; D-3
(b) A-2; B-1; C-3; D-4
(c) A-1; B-2; C-4; D-3
(d) A-1; B-2; C-3; D-4
Q90. The “Law of Market” propounded by J.B. Say was not acceptable to –
(a) Adam Smith
(c) David Recordo