Economics MCQ Questions with Answer | ||
| Quiz-1 | Quiz-2 | |
Q21. Corporation tax:
(a) Is levied and appropriated by the States
(b) Is levied by the Union and collected and appropriated by the States
(c) Is levied by the Union and shared by the Union and the States
(d) Is levied by the Union and belongs to it exclusively
Q22. As per the 2011 Census, which one of the following states has a lower population density than the other three?
(a) Sikkim
(b) Nagaland
(c) Meghalaya
(d) Manipur
Q23. Perfectly inelastic demand is equal to-
(a) One
(b) Infinite
(c) Zero
(d) Greater than one
Q24. Which one of the following Five Year Plans recognized human development as the core of all development efforts?
(a) The Third Five Year Plan
(b) The Fifth Five Year Plan
(c) The Sixth Five Year Plan
(d) The Eighth Five Year Plan
Q25. . HINDALCO, an aluminum factory located at Renault owes its site basically to:
(a) Proximity of raw materials
(b) Abundant supply of power
(c) Efficient transport network
(d) Proximity to the market
Q26. Human Development Index comprises literacy rates, life expectancy at birth and
(a) Gross National Product per head in the US dollars
(b) Gross Domestic Product per head at real purchasing power
(c) Gross National Product in US dollars
(d) National Income per head in US dollars
Q27. The Dinesh Goswami Committee was concerned with:
(a) De-nationalization of banks
(b) Electoral reforms
(c) Steps to put down an insurgency in the north-east
(d) The problem of the Chakmas
Q28. A demand curve, which is parallel to the horizontal axis, showing quantity, has the price elasticity equal to-
(a) Zero
(b) One
(c) Less than one
(d) Infinity
Q29. If the price of an article decreases from Rs 80 to Rs 60, the quantity demanded increases from 600 units to 750 units. Find the point elasticity of demand?
(a) -1
(b) 1
(c) -1.25
(d) 1.25
Q30. Movement along the same demand curve is known as–
(a) Extension and contraction of demand
(b) Increase and decrease in demand
(c) Contraction of supply
(d) Increase in supply