Economics Quiz Set No. 21

Economics questions have been taken from previous years question papers of different competitive examinations such SSC CGL, SSC CHSL, CDS, NDA, Bank, State PSC, Railways, MAT, CAT, etc.

1 The Marginal Utility Curve slopes downwards from left to right indicating

A) A direct relationship between marginal utility and the stock of commodity B) A constant relationship between marginal utility and the stock of commodity C) A proportionate relationship between marginal utility and the stock of commodity D) An inverse relationship between marginal utility and the stock of commodity Answer is required

2 The Minimum Support Price for food grains was introduced in the year

A) 1954 B) 1944 C) 1964 D) 1974 Answer is required

3 The modern economy is not characterised by?

A) Production for market B) Capital intensive mode of production C) Development of money economy D) Self-sufficient village system Answer is required

4 The most important source of capital formation in India has been?

A) Government revenue surpluses B) Public sector savings C) Corporate savings D) Household savings Answer is required

5 The National Development Council gets its administrative support from:

A) Planning Commission B) Finance Commission C) Administrative Reforms Commission D) Sarkaria Commission Answer is required

6 The Nehru-Mahalanobis strategy of development guided the planning practice in India from the:

A) First Five-Year Plan to the Sixth Five-Year Plan B) Fourth Five-Year Plan to the Eighth Five-Year Plan C) Second Five-Year Plan to the Seventh Five-Year Plan D) First Five-Year Plan to the Eighth Five-Year Plan Answer is required

7 The number of Banks nationalised since 1969 is :

A) 8 B) 12 C) 14 D) 20 Answer is required

8 The objective of self-reliance and zero net foreign aid was declared in :

A) Second 5-Yr Plan B) Third 5-Yr Plan C) Fourth 5-Yr Plan D) Fifth 5-Yr Plan Answer is required

9 The Oil seeds Production Programme (OPP) was launched in

A) 1986 B) 1987 C) 1988 D) 1990 Answer is required

10 The period of high inflation and low economic growth is termed as:

A) stagnation B) take-off stage in economy C) stagflation D) None of these Answer is required

Online Economics Quiz Set No - 21