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Economics Questions Answers

Q1 :

Which one of the following was the Eighth Five-Year Plan period in India?

A
  

1990-1995

B
  

1992-1997

C
  

1993-1998

D
  

1994-1999

View Answer
Correct Answer: B

1992-1997

No Description Available
Q2 :

Which of the following is called a "banker's cheque"?

A
  

Demand Draft

B
  

Debit Card

C
  

Pay Order

D
  

Fixed Deposit

View Answer
Correct Answer: A

Demand Draft

No Description Available
Q3 :

Which two of the following taxes are indirect taxes?

A
  

Sales-tax and Income-tax

B
  

Income-tax and Wealth-tax

C
  

Sales-tax and Excise duty

D
  

Income-tax and Excise duty

View Answer
Correct Answer: C

Sales-tax and Excise duty

No Description Available
Q4 :

Per capita income of a country is derived from —

A
  

Population

B
  

National income

C
  

National income and Population

D
  

None of these

View Answer
Correct Answer: C

National income and Population

Description:

Per capita income for a nation is calculated by dividing the country's national income by its population.

Q5 :

Which one of the following Prime minister was introduced the rolling plan theory in national planning?

A
  

Morarji Desai

B
  

Indira Gandhi

C
  

Rajiv Gandhi

D
  

Chandra Shekhar

View Answer
Correct Answer: A

Morarji Desai

No Description Available
Q6 :

What is dual pricing?

A
  

Wholesale price and retail pricing

B
  

Pricing by agents and pricing by retailers

C
  

Price fixed by Government and price in open market

D
  

Daily prices and weekly prices

View Answer
Correct Answer: C

Price fixed by Government and price in open market

No Description Available
Q7 :

Which of the following carries out 'Open Market Operations'?

A
  

Finance Ministry

B
  

External Affairs Ministry

C
  

Reserve Bank of India

D
  

Planning Commission

View Answer
Correct Answer: C

Reserve Bank of India

No Description Available
Q8 :

A community's stock of wealth is accounted for by the

A
  

aggregate of capital and consumer goods

B
  

gross investment minus depreciation

C
  

standard of living of the people

D
  

net increase in invisible and intangibel goods

View Answer
Correct Answer: A

aggregate of capital and consumer goods

No Description Available
Q9 :

Which one of the following situations makes a firm most efficient?

A
  

Falling average costs

B
  

Rising average costs

C
  

Constant average costs

D
  

Lowest average costs

View Answer
Correct Answer: D

Lowest average costs

No Description Available
Q10 :

A steady increase in the general level of prices as a result of excessive increase in aggregate demand as compared to aggregate supply is termed as

A
  

demand—pull inflation

B
  

cost—push inflation

C
  

stagflation

D
  

structural inflation

View Answer
Correct Answer: A

demand—pull inflation

No Description Available
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