Economics mcq

Economics miscellaneous questions

Question 41 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
The earlier name of the WTO was:
A
UNIDO
B
UNCTAD
C
OECD
D
GATT






Question 42 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Plant and machinery are
A
Producers' goods
B
Consumers' goods
C
Distributors' goods
D
Free goods
Question 42 Explanation: 
Plant and machinery are Producers' goods.
Question 43 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
The present Indian monetary system is based on
A
Gold Reserve System
B
Proportional Reserve System
C
Convertible Currency System
D
Minimum Reserve System
Question 43 Explanation: 
The present Indian monetary system is based on minimum reserve system.






Question 44 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
The first meeting of NITI Aayog was chaired by
A
Narendra Modi
B
Manmohan Singh
C
Sonia Gandhi
D
Arun Jaitley
Question 45 ->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 categories of workers is termed as cultivators?
A
Those who own land and cultivate
B
Those who lease in land and cultivate
C
Those who cultivate the land of others
D
Those who own land and lease in from others or institutions and cultivate
Question 45 Explanation: 
Those who cultivate the land of others.






Question 46 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Who defined investment as "the construction of a new capital asset like machinery or factory building"?
A
Hansen
B
J.M. Keynes
C
Harrod
D
J.R. Hicks
Question 46 Explanation: 
J.M. Keynes defined investment as "the construction of a new capital asset like machinery or factory building".
Question 47 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
The Liquidity Preference Theory of Interest was pro pounded by
A
J.M. Keynes
B
David Ricardo
C
Alfred Marshall
D
Adam Smith
Question 47 Explanation: 
The Liquidity Preference Theory of Interest was pro pounded by J.M. Keynes.






Question 48 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
A country is said to be in a debt trap if: [IAS 2002]
A
it has to abide by the conditionalities imposed by the International Monetary Fund
B
it has to borrow to make interest payments on outstanding loans
C
it has been refused loans or aid by creditors abroad
D
the World Bank charges a very high rate of interest on outstanding as well as new loans
Question 49 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Labour Intensive Technique would get chosen in a
A
Labour Surplus Economy
B
Capital Surplus Economy
C
Developed Economy
D
Developing Economy
Question 49 Explanation: 
Industry or process where a larger portion of total costs is due to labor as compared with the portion for costs incurred in purchase, maintenance, and depreciation of capital equipment. Labour surplus economy also a part of it.






Question 50 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Product differentiation is the most important feature of
A
Pure competition
B
Monopolistic competition
C
Monopoly
D
Oligopoly
Question 50 Explanation: 
Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another. Product differentiation is the most important feature of monopolistic competition.
There are 50 questions to complete.

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