Economics Quiz - Question & Answers Set - 52

Economics Quiz - Question & Answers Set - 52

Question 1 :
Indian Institute of Foreign Trade is located in .
Mumbai
New Delhi
Pune
Hyderabad

Question 2 :
The Board of Industrial and Financial Reconstruction(BIFR) came into existence in which year ?
1987
1978
1982
1990

Question 3 :
Which Committee was set up to suggest change in Companies Act ?
Naresh Chandra Committee
Athreya Committee
JJ Irani Committee
Deepak Parikh Committee

Question 4 :
is based on the principle of surplus value
Idealism
Communism
Capitalism
Activism

Question 5 :
Economic Growth refers to
Continuous growth of per capita real income over a period of one fiscal year
Continuous growth of per capita real income for two years
Continuous growth of per capita real income for one year
Continuous growth of per capita real income over a period of time

Question 6 :
Feature of free market economy is
General Balance
Consumerâ€™s Sovereignty
Allocation of Resources
Welfare

Question 7 :
. Economics arises when there is an expansion in an Industry
External
Mixed
Indirect
Internal

Question 8 :
Which price in the market is determined by the equality between marginal cost and marginal revenue ?
Equilibrium price
Total Price
Marginal Price
Gross Price

Question 9 :
indicates Macro Approach in national context.
Sales
Income
Inflation
Exports & Imports

Question 10 :
.. is related to marginal cost
Prime cost
Average Cost
Variable Cost
Fixed Price

Question 11 :
The business in Stock markets and other securities markets is regulated by
Stock and Exchange Board of India
Securities and Exchange Bank of India
Stock and Exchange Bank of India
Securities and Exchange Board of India

Question 12 :
Non-Insurable or uncertainty risk is
Fire
Flood
Earthquake
Theft

Question 13 :
In the case of the payment liability and the ultimate burden of the tax lies upon.
Indirect taxes
Direct taxes
Income tax
Both 1 and 2

Question 14 :
In Economy, Amalgamation means the process of
Mixing
Merging
Fixing
Seperation

Question 15 :
An ad valorem tax (Latin for “according to value”) is a kind of
Direct Tax
State Tax
Corporate Tax
Indirect Tax

Model Question Papers

Union Bank of India PO 2008 English Language

Binder Grade II Logical Reasoning & Mathematics

KSIE Junior Assistant Logical Reasoning & Mathematics

Kerala PSC LDC Thrissur 2003 Logical Reasoning & Mathematics

Kerala PSC LDC Palakkad 2003 Logical Reasoning & Mathematics

Economics Quiz - Question & Answers Set - 52