MCQOPTIONS
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MCQOPTIONS
This section includes 240 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Commerce (B.Com) knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
The proportion between incremental income and incremental consumption is called: |
| A. | apc |
| B. | aps |
| C. | mpc |
| D. | mps |
| Answer» D. mps | |
| 102. |
The proportion between total income and total consumption is called: |
| A. | average propensity to consume |
| B. | average propensity to save |
| C. | marginal propensity to consume |
| D. | marginal propensity to save |
| Answer» B. average propensity to save | |
| 103. |
The concept of effective demand is associated with the name of: |
| A. | marshall |
| B. | keynes |
| C. | krugman |
| D. | adam smith |
| Answer» C. krugman | |
| 104. |
Effective demand is that demand when: |
| A. | aggregate demand is greater than aggregate supply |
| B. | aggregate demand is less than aggregate supply |
| C. | aggregate demand is equal to aggregate supply |
| D. | all of these |
| Answer» D. all of these | |
| 105. |
Who repudiated Say’s law of market? |
| A. | j.b. say |
| B. | david ricardo |
| C. | j.s. mill |
| D. | j.m. keynes |
| Answer» E. | |
| 106. |
The central theme of Keynesian Theory is: |
| A. | laissez-faire |
| B. | free trade |
| C. | effective demand |
| D. | self interest |
| Answer» D. self interest | |
| 107. |
The branch of Economics that deals with economic aggregate is called: |
| A. | micro economics |
| B. | development economics |
| C. | macro economics |
| D. | welfare economics |
| Answer» D. welfare economics | |
| 108. |
‘The General Theory’, was published in : |
| A. | 1776 |
| B. | 1890 |
| C. | 1936 |
| D. | 1950 |
| Answer» D. 1950 | |
| 109. |
J.B. Say was a ---------------Economist. |
| A. | swedish |
| B. | german |
| C. | french |
| D. | american |
| Answer» D. american | |
| 110. |
Author of the book ‘The General Theory of Employment, Interest and Money’: |
| A. | karl marxq |
| B. | j.b. say |
| C. | j.m. keynes |
| D. | adam smith |
| Answer» D. adam smith | |
| 111. |
Temporary unemployment is -------------, according to the Classical economists: |
| A. | impossible |
| B. | permanent |
| C. | possible |
| D. | none of these |
| Answer» D. none of these | |
| 112. |
The equilibrium price is determined by the forces of: |
| A. | supply only |
| B. | demand only |
| C. | both demand and supply |
| D. | none of these |
| Answer» D. none of these | |
| 113. |
The Great Depression was during: |
| A. | 1930s |
| B. | 1920s |
| C. | 1940s |
| D. | 1830s |
| Answer» B. 1920s | |
| 114. |
Self interest, competition, profit motive are the features of: |
| A. | socialism |
| B. | capitalism |
| C. | marxism |
| D. | mixed economy |
| Answer» C. marxism | |
| 115. |
Equilibrium in the economy is settled by ---------, according to the Classicals. |
| A. | centralized planning |
| B. | price mechanism |
| C. | both the planning and price mechanism |
| D. | none of these |
| Answer» C. both the planning and price mechanism | |
| 116. |
In the Classical system, the role of the government is: |
| A. | the highest |
| B. | not at all needed |
| C. | limited |
| D. | important |
| Answer» D. important | |
| 117. |
Rate of interest will increase when the demand for saving is: |
| A. | less than its supply |
| B. | equal to its supply |
| C. | more than its supply |
| D. | less than or equal to its supply |
| Answer» D. less than or equal to its supply | |
| 118. |
When savings exceeds the demand for savings, the rate of interest will: |
| A. | rise |
| B. | fall |
| C. | remain constant |
| D. | none of these |
| Answer» C. remain constant | |
| 119. |
Under the classical system, the equilibrium will be at: |
| A. | under employment |
| B. | full employment |
| C. | voluntary employment |
| D. | disguised unemployment |
| Answer» C. voluntary employment | |
| 120. |
“Supply creates its own demand†is called: |
| A. | law of supply |
| B. | law of market |
| C. | law of demand |
| D. | law of elasticity |
| Answer» C. law of demand | |
| 121. |
According to the Classicals, investment is a function of: |
| A. | saving |
| B. | income |
| C. | employment |
| D. | rate of interest |
| Answer» E. | |
| 122. |
Pick the odd one from the following: |
| A. | law of market |
| B. | j.b. say |
| C. | full employment |
| D. | j.m. keynes |
| Answer» E. | |
| 123. |
Classical aggregate supply curve is: |
| A. | perfectly elastic |
| B. | perfectly inelastic |
| C. | more elastic |
| D. | unitary elastic |
| Answer» C. more elastic | |
| 124. |
According to the Classical economists, savings and investments are: |
| A. | always unequal |
| B. | always equal |
| C. | never equal |
| D. | sometimes equal |
| Answer» C. never equal | |
| 125. |
According to Classicals, full employment is a: |
| A. | rare phenomenon |
| B. | normal phenomenon |
| C. | abnormal phenomenon |
| D. | none of these |
| Answer» C. abnormal phenomenon | |
| 126. |
According to the Classical economists, general over production is: |
| A. | possible |
| B. | impossible |
| C. | both |
| D. | none |
| Answer» C. both | |
| 127. |
The Classicals adopted ---------policy: |
| A. | governmental policy |
| B. | laissez-faire |
| C. | policy of restriction |
| D. | none of these |
| Answer» C. policy of restriction | |
| 128. |
‘Law of Market’ is attributed to: |
| A. | j.s. mill |
| B. | j.b. say |
| C. | alfred marshall |
| D. | a.c. pigou |
| Answer» C. alfred marshall | |
| 129. |
The core of classical economists is: |
| A. | effective demand |
| B. | employment |
| C. | say’s law of market |
| D. | socialism |
| Answer» D. socialism | |
| 130. |
Who is the leader of the Classical school? |
| A. | thomas robert malthus |
| B. | j.s. mill |
| C. | david ricardo |
| D. | adam smith. |
| Answer» E. | |
| 131. |
The term “Classical Economics†was first used by: |
| A. | j.m. keynes |
| B. | adam smith |
| C. | karl marx |
| D. | david ricardo |
| Answer» D. david ricardo | |
| 132. |
Which of the following is true: |
| A. | gdp is a geographical concept |
| B. | gdp is not a geographical concept |
| C. | gdp and gnp are same |
| D. | none of them |
| Answer» B. gdp is not a geographical concept | |
| 133. |
Which of the following doest not include in the group? |
| A. | gdp |
| B. | gnp |
| C. | gva |
| D. | ndp |
| Answer» E. | |
| 134. |
GNP measured in terms of current market prices is called: |
| A. | nominal gnp |
| B. | real gnp |
| C. | both |
| D. | none |
| Answer» B. real gnp | |
| 135. |
In India, the current base year is: |
| A. | 1980-81 |
| B. | 1993-94 |
| C. | 1999-2000 |
| D. | 2004-05 |
| Answer» E. | |
| 136. |
Value of output minus intermediate consumption is: |
| A. | depreciation |
| B. | value added |
| C. | net value added |
| D. | net exports |
| Answer» C. net value added | |
| 137. |
Personal income minus personal taxes is: |
| A. | national income |
| B. | private income |
| C. | disposable income |
| D. | per capita income |
| Answer» D. per capita income | |
| 138. |
In India, National income is estimated at: |
| A. | current prices |
| B. | constant prices |
| C. | both current and constant prices |
| D. | none of these |
| Answer» D. none of these | |
| 139. |
National income is a --------variable. |
| A. | flow |
| B. | stock |
| C. | static |
| D. | dynamic |
| Answer» B. stock | |
| 140. |
GDP deflator is given by: |
| A. | nominal ni/real ni |
| B. | nominal dgp/real gdp |
| C. | nominal gdp/ nominal gnp |
| D. | real gdp/real gnp |
| Answer» C. nominal gdp/ nominal gnp | |
| 141. |
Pick the odd one out: |
| A. | real national income |
| B. | ni at constant price |
| C. | ni at current prices |
| D. | ni at base year price |
| Answer» D. ni at base year price | |
| 142. |
Per capita income is equal to: |
| A. | population/national income |
| B. | national income/population |
| C. | national income/gdp |
| D. | nnp/gnp |
| Answer» C. national income/gdp | |
| 143. |
The first estimate of National income in India was done by: |
| A. | k.n. raj |
| B. | v.k.r.v. rao |
| C. | dadabai naoroji |
| D. | p.c. mahalanobis |
| Answer» D. p.c. mahalanobis | |
| 144. |
National income in India is estimated by: |
| A. | rbi |
| B. | nsso |
| C. | cso |
| D. | world bank |
| Answer» D. world bank | |
| 145. |
Net factor income from abroad shows the difference between: |
| A. | gdp and ndp |
| B. | nnp and ndp |
| C. | gnp and gdp |
| D. | gnp and nnp |
| Answer» D. gnp and nnp | |
| 146. |
Net indirect taxes means: |
| A. | indirect taxes plus subsidies |
| B. | income minus taxes |
| C. | indirect taxes minus subsidies |
| D. | exports minus imports |
| Answer» D. exports minus imports | |
| 147. |
Increase in real National Income (NI) means increase in: |
| A. | ni at current prices |
| B. | ni at constant prices |
| C. | both |
| D. | none of these |
| Answer» C. both | |
| 148. |
An accounting year in India is: |
| A. | calendar year |
| B. | academic year |
| C. | fiscal year |
| D. | none of these |
| Answer» D. none of these | |
| 149. |
Which of the following is not a method of national income estimation? |
| A. | matrix method |
| B. | income method |
| C. | expenditure method |
| D. | product method |
| Answer» B. income method | |
| 150. |
NNP is equal to: |
| A. | gnp plus depreciation |
| B. | gnp minus depreciation |
| C. | gnp minus exports |
| D. | gnp plus exports |
| Answer» C. gnp minus exports | |