Welcome to your Economics SSC 50 MCQ SET:-1
Date:- 23/12/2024
1.
__ is defined as the study of behaviour of individual decision-making units, such as consumers, resource owners and firms.
2.
If ex ante aggregate demand and ex ante aggregate supply are plotted together in a graphical diagram, then at which point equilibrium will be reached?
3.
Change in the inventory of a firm is treated as _.
4.
An industrial economy is best defined as an economy whose 50% or more produce value comes from the _ sector.
5.
All monetary transfers or kinds sent by migrants to their place of origin are called __.
6.
Which among the following statements is incorrect?
7.
Machines, tools and implements, and buildings are examples of which type of goods?
8.
Which of the following is an example of joint sector Industry?
9.
Which of these is a component of the tertiary sector of an economy?
10.
If the interest rate goes up, the demand for money will _.
11.
According to the law of demand the consumer’s demand for a good must be __.
12.
If the price elasticity of demand is ess than one, then the demand for the goods is said to be __.
13.
What is the fiscal year period in India?
14.
An unexpected rise in sales of a product leads to __.
15.
Which of the following is NOT true about the circular flow of income in a two-sector economy?
16.
Which of these is related to public goods?
17.
Which of the following statements is/are FALSE with respect to simple model of the circular flow of economy ?
18.
Hindustan Aeronautics Limited comes under which sector?
19.
Final goods are divided into:
20.
In migration the factors which cause people to leave their place of residence or origin are called __.
21.
Which of the following can be considered as an example of flow variable?
22.
Name the two states in which land reform was successful ?
23.
Which of the following is NOT an example of manufacturing activity ?
24.
‘Income and employment theory’ is the other name for which branch of Economics?
25.
Macroeconomics deals with which of the following studies?
26.
A free – market economy is a crucial aspect of _ .
27.
Which of the given sectors is largely driven by considerations of social welfare?
28.
Which of the following statements is correct regarding the socialist society in the economy?
29.
In which industrial policy was the investment limit for a tiny industry/unit increased to ₹2 lakh ?
30.
People like small farmers and seasonal workers who regularly move in and out of poverty are categorised as __.
31.
Which of the following statements is related to positive economics ?
32.
Which of the following can be considered a part of a parallel economy?
33.
The shares of the public sector and the private sector in the production of steel during 1990-91 were __, respectively.
34.
Which of the following is NOT a part of the infrastructure sector ?
35.
Aid or auxiliary to trade includes which of the following?
36.
What is the emigration of a significant proportion of a country’s highly skilled, highly educated professional population to other countries offering better economic and social opportunities called ?
37.
John Maynard Keynes, best known for his economic theories (Keynesian theories), hailed from which country?
38.
Which of these statements is true?
39.
What was the percentage of women working in the primary sector of India as of 2011 – 2012 ?
40.
Which of the following assumptions is made to determine the level of aggregate demand for final goods in the economy?
41.
During the year 1991-92, the industrial production recorded a __ growth of __ .
42.
Which of these is NOT a characteristic of durable goods?
43.
In the context of Economics, what does P stand for in EPF?
44.
How many industries were listed in Schedule A of Industrial Policy, 1956?
45.
Which of the following is NOT important for individual health?
46.
Which of these is not the reason why ‘final’ goods are called so?
47.
_ demand for money arises mainly due to the uncertainty of future receipts and expenses.
48.
The simultaneous shifts of both the demand curve and the supply curve can happen in which of the following ways?
49.
In the Industrial Policy Resolution of 1948, which of the following was NOT the monopoly of the Central Government?
50.
Which branch of economics deals with the depletion of natural resources stock and pollution, which are a result of rapid economic development ?
