Economics Quiz Set No. 15

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 Personal disposable income means ?

A) Personal income-direct tax + fines + fees B) Personal income-direct tax + fines + fees + social security contribution by employers C) Personal income-indirect tax D) None of these Answer is required

2 Plan Holiday was declared after

A) The First Five Year Plan B) The Second Five Year Plan C) The Third Five Year Plan D) The Fourth Five Year Plan Answer is required

3 Planning in India derives its objectives from:

A) Fundamental Rights B) Directive Principles of State policy C) Fundamental Duties D) Preamble Answer is required

4 Planning may be defined as the conscious and deliberate choice of economic priorities by some public authority is view of?

A) Lionel Robbins B) Prof. Durbin C) Barbar wooton D) Charles Bettlenheim Answer is required

5 Poverty Gap is :

A) the difference between poverty line and actual income levels of all those living below that line B) gap between the rich and the poor C) gap between developed nations and developing nations D) gap in infrastructural facilities between developed and developing nations Answer is required

6 Poverty in less developed countries is largely due to

A) voluntary idleness B) income inequality C) lack of cultural activities D) lack of intelligence of the people Answer is required

7 Poverty Line means?

A) The line of demarcation between the rich and poor B) The stage at which there is a leveling down between the rich and the poor C) The lowest level in the ladder of economic prosperity D) The minimum level of per capita consumption expenditure Answer is required

8 Preparation of butter, ghee by household for their own use is a part of

A) consumption B) own-account production C) household capital formation D) industrial production Answer is required

9 Price rigidity is the feature of

A) Perfect competitive competition B) Monopoly C) Oligopoly D) Monopolistic competition Answer is required

10 Private investment is otherwise called as

A) foreign institutional investment B) foreign direct investment C) induced investment D) autonomous investment Answer is required

Online Economics Quiz Set No - 15