Economics Quiz - Question & Answers Set - 52

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Home Practice Tests Economics Practice Tests Economics Quiz - Question & Answers Set - 52

15 Questions

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Economics Quiz - Question & Answers Set - 52

Question 1 :
Indian Institute of Foreign Trade is located in .
AMumbai
BNew Delhi

CPune
DHyderabad

Question 2 :
The Board of Industrial and Financial Reconstruction(BIFR) came into existence in which year ?
A1987

Question 3 :
Which Committee was set up to suggest change in Companies Act ?
ANaresh Chandra Committee
BAthreya Committee
CJJ Irani Committee

DDeepak Parikh Committee

Question 4 :
is based on the principle of surplus value
AIdealism
BCommunism
CCapitalism

DActivism

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

Question 6 :
Feature of free market economy is
AGeneral Balance
BConsumerâ€™s Sovereignty

CAllocation of Resources
DWelfare

Question 7 :
. Economics arises when there is an expansion in an Industry
AExternal
BMixed
CIndirect
DInternal

Question 8 :
Which price in the market is determined by the equality between marginal cost and marginal revenue ?
AEquilibrium price

BTotal Price
CMarginal Price
DGross Price

Question 9 :
indicates Macro Approach in national context.
ASales
BIncome
CInflation

DExports & Imports

Question 10 :
.. is related to marginal cost
APrime cost

BAverage Cost
CVariable Cost
DFixed Price

Question 11 :
The business in Stock markets and other securities markets is regulated by
AStock and Exchange Board of India
BSecurities and Exchange Bank of India
CStock and Exchange Bank of India
DSecurities and Exchange Board of India

Question 12 :
Non-Insurable or uncertainty risk is
AFire
BFlood
CEarthquake
DTheft

Question 13 :
In the case of the payment liability and the ultimate burden of the tax lies upon.
AIndirect taxes
BDirect taxes
CIncome tax

DBoth 1 and 2

Question 14 :
In Economy, Amalgamation means the process of
AMixing
BMerging

CFixing
DSeperation

Question 15 :
An ad valorem tax (Latin for “according to value”) is a kind of
ADirect Tax
BState Tax
CCorporate Tax
DIndirect Tax

Model Question Papers