Economics mcq

Economics miscellaneous questions

Question 11 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Production function expresses
A
Technological relationship between physical inputs and output
B
Financial relationship between physical inputs and output
C
Relationship between finance and technology
D
Relationship between factors of production
Question 11 Explanation: 
In economics, a production function relates physical output of a production process to physical inputs or factors of production.






Question 12 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Who estimated the National Income for the first time in India?
A
Mahalanobis
B
Dadabhai Naoroji
C
V.K.R.V. Rao
D
Sardar Patel
Question 12 Explanation: 
Dadabhai Naoroji estimated the National Income for the first time in India.
Question 13 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
FERA in India has been replaced by
A
FEPA
B
FEMA
C
FENA
D
FETA
Question 13 Explanation: 
FEMA was passed in the winter session of Parliament in 1999, replacing the Foreign Exchange Regulation Act (FERA).






Question 14 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which one of the following is NOT with in the duties of the Planning Commission? [NDA 2003]
A
To make an assessment of the material, capital and human resources of the country
B
To define the stage of growth and suggest allocation of resources
C
To determine the nature of machinery required for implementation of plan proposals
D
To prepare the annual central budget
Question 15 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
What is the period of Tenth Five Year Plan?
A
2003-04 to 2007-08
B
2002-03 to 2006-07
C
2004-05 to 2008-09
D
2001-02 to 2004-05






Question 16 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
All taxes come under:
A
revenue receipts
B
capital receipts
C
public debt
D
both a. and b.
Question 17 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
If an industry is characterized by economies of scale then
A
Barriers to entry are not very large
B
Long run unit costs of production decreases as the quantity the firm produce increases
C
Capital requirement are small due to the efficiency of the large scale operation
D
The costs of entry into the market are likely to be substantial
Question 17 Explanation: 
If an industry is characterized by economies of scale then long run unit costs of production decreases as the quantity the firm produce increases.






Question 18 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which one among the following statements is correct? [CDS 2012]
A
Due to border problems, India's trade with China did not register a quantum jump between the years 2001·2010
B
The stand-off between India and China on Pakistan and Arunachal Pradesh did not let India's trade to grow with China in the years 2001-2010 as much as it grew in the years 1991-2001
C
While India-China trade has registered a quantum jump between the years 2001-2010, both the countries have ensured parity of trade
D
In spite of border problems, India's trade with China registered a quantum jump during the years 2001-2010
Question 19 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
The situation with increasing unemployment and inflation is termed as: [CPO AC 2003]
A
hyperinflation
B
galloping inflation
C
stagflation
D
reflation






Question 20 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which one of the following is not a quantitative credit control measure of a Central Bank?
A
Bank Rate Policy
B
Open Market Operations
C
Cash Reserve Ratio
D
Moral Suasion
Question 20 Explanation: 
Moral Suasion is not a quantitative credit control measure of a Central Bank.
There are 20 questions to complete.

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