Economics MCQ Questions with Answer
Q81. Stagflation exists when _____
(a) Price indices and output both decrease.
(b) Price indices increase but output decreases.
(c) Price indices and output both increase.
(d) Price indices decrease but output increases.
Q82. The Expenditure on an advertisement and public relation by an enterprise is a part of its-
(a) Consumption of fixed capital
(b) Final consumption Expenditure
(c) Intermediate Consumption
(d) Fined Capital
Q83. India’s biggest nationalized enterprise today
(a) The Indian Railways
(b) The Indian Commercial Banking System
(c) The Indian Power Sector
(d) The Indian Telecommunication System
Q84. GDP at factor Cost is-
(a) GDP minus indirect taxes plus subsidies
(b) GDP minus depreciation allowances
(c) NNP plus depreciation allowances
(d) GDP minus subsidies plus indirect taxes
Q85. Average propensity to consume is defined as-
(a) Aggregate consumption total population
(b) Aggregate income Aggregate consumption
(c) Change in consumption Change in income
(d) Aggregate consumption Aggregate income
Q86. What is the full form of NNP?
(a) Normal Net Production
(b) Net National Product
(c) Normal National Produce
(d) Net Normal Produce
Q87. Which among the following is open Bank for small industries?
Q88. SBI was earlier known as –
(a) Cooperative Bank of India
(b) Imperial Bank of India
(c) Syndicate Bank
(d) Canara Bank
Q89. Which of the following is not a ‘Public Good’?
(b) National Defence
(c) Light House
(d) Public Parks
Q90. Which of the following will not contribute to a higher current account deficit?
(1) Increase in price of crude oil
(2) Rise in the export of software services
(3) Rise in the import of services
Choose the correct answer using the codes given below:
(a) 1 and 2 only
(b) 2 only
(c) 3 only
(d) 1 and 3 only