MCQOPTIONS
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MCQOPTIONS
This section includes 57 Mcqs, each offering curated multiple-choice questions to sharpen your Marketing Aptitude knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
The Committee on Financial sector Assessment (CFSA) set up by the Reserve Bank of India has also recommended several reforms in which of the following existing laws in India? [I.E. P.O. 2010] |
| A. | Taxation laws |
| B. | Banking Regulation laws |
| C. | Commercial laws |
| D. | All of these |
| Answer» E. | |
| 2. |
Who amongst the following was the chairperson of the "working group on Benchmark prime lending Rate (BPLR)" constituted by the RBI? (Indian Bank P.O. 2010) |
| A. | Dr. K.C. Chakravorty |
| B. | Mr. Deepak Mohanty |
| C. | Mr. R. Bhaskaran |
| D. | Mr. O.P. Bhatt |
| Answer» C. Mr. R. Bhaskaran | |
| 3. |
Which of the following schemes was launched a few years back to provide wage employment to the rural people in India (The programmer is being run successfully in addition to NREGA)? [B.C.).B. 2009] |
| A. | Indira Awas Yojana |
| B. | Accelerated Rural Water Supply Programme |
| C. | Total Sanitation Campaign |
| D. | Sampoorna Grameen Rozgar Yojana |
| Answer» E. | |
| 4. |
Kutir Jyoti Scheme is associated with? |
| A. | Promoting cottage industry in villages |
| B. | Promoting employment among rural employment youth |
| C. | Providing electricity to rural families living BPL |
| D. | All of these |
| Answer» D. All of these | |
| 5. |
Sampurna Gramin Rojgar Yojana has been launched from? |
| A. | 1st April 2001 |
| B. | 25th Sept 2001 |
| C. | 30th Sept 2001 |
| D. | No Scheme of such title has yet launched |
| Answer» C. 30th Sept 2001 | |
| 6. |
Aam Admi Bima Yojana provides social security to? |
| A. | All labours in rural areas |
| B. | All labours in urban areas |
| C. | All landless labours living below poverty line in rural areas |
| D. | All labours in both rural as well as urban areas |
| Answer» D. All labours in both rural as well as urban areas | |
| 7. |
Wage fund theory was propounded by? |
| A. | J.B. Say |
| B. | J.S. Mill |
| C. | J.R. Hicks |
| D. | J.M. Keynes |
| Answer» C. J.R. Hicks | |
| 8. |
When the prices of two goods tend to vary inversely they are said to be?[SSC 2012] |
| A. | Economic goods |
| B. | Substitutes |
| C. | Complements |
| D. | Pure goods |
| Answer» C. Complements | |
| 9. |
The concept of supply curve as it is used in economic theory is relevant only for the case of? |
| A. | Oligopoly |
| B. | Monopoly |
| C. | Perfect or pure competition |
| D. | Monopolistic competition |
| Answer» D. Monopolistic competition | |
| 10. |
The breakeven point is where? |
| A. | Marginal revenue equals marginal cost |
| B. | Average revenue equals average cost |
| C. | Total revenue Equals average |
| D. | Total revenue equal cost |
| Answer» B. Average revenue equals average cost | |
| 11. |
Gresham's law is related to? [SSC 2005] |
| A. | Consumption and demand |
| B. | Supply and demand |
| C. | Circulation of money |
| D. | Deficit financing |
| Answer» D. Deficit financing | |
| 12. |
One of the essential conditions of Monopolistic competition is? [SSC Tax Assistant 2005] |
| A. | Many buyers but one seller |
| B. | Price discrimination |
| C. | Product differentiation |
| D. | Homogenous product |
| Answer» D. Homogenous product | |
| 13. |
Amartya Sen was awarded the nobel prize for his contribution to? |
| A. | Monetary economics |
| B. | Welfare economics |
| C. | Econometrics |
| D. | Development economics |
| Answer» C. Econometrics | |
| 14. |
The difference between visible exports and visible imports is defined as? |
| A. | Balance of trade |
| B. | Balance of payment |
| C. | Balance terms of trade |
| D. | Gains from trade |
| Answer» B. Balance of payment | |
| 15. |
Given the money wages, if the price level in an economy increases then the real wages will? |
| A. | Increase |
| B. | Decrease |
| C. | Remain constant |
| D. | Become flexible |
| Answer» C. Remain constant | |
| 16. |
The World Trade Organization was earlier known as? |
| A. | GATT |
| B. | UNICEF |
| C. | UNCTAD |
| D. | FAO |
| Answer» B. UNICEF | |
| 17. |
A firm is in equilibrium when its? |
| A. | Marginal cost equals the marginal revenue |
| B. | Total cost is minimum |
| C. | Total revenue is maximum |
| D. | Average revenue and marginal revenue are equal |
| Answer» B. Total cost is minimum | |
| 18. |
In the law of demand, the statement "other things remain constant" means? |
| A. | Income of consumer should not change |
| B. | Price of other goods should not change |
| C. | Taste of consumer should not change |
| D. | All of the above |
| Answer» E. | |
| 19. |
IRDP was introduced during the? |
| A. | Fifth five year plan |
| B. | Fourth five year plan |
| C. | Third five year plan |
| D. | Sixth five year plan |
| Answer» E. | |
| 20. |
Efficient allocation of resources is achieved to greatest extent under? |
| A. | Monopoly |
| B. | Perfect competition |
| C. | Monopolistic competition |
| D. | Oligopoly[SSC CCL 2007] |
| Answer» C. Monopolistic competition | |
| 21. |
Engle's law states the relationship between? [SSC CGL 2007] |
| A. | Quantity demanded and price of a commodity |
| B. | Quantity demanded and price of substitutes |
| C. | Quantity demanded and tastes of the consumers |
| D. | Quantity demanded and income of the consumers |
| Answer» E. | |
| 22. |
In the budget figures of the government of India, interest payment, subsidies pensions, social services and the like are parts of the?[SSC Tax Assistant 2007] |
| A. | Plan expenditure |
| B. | State government expenditure |
| C. | Public debt in the form of capital expenditure |
| D. | Non-plan expenditure |
| Answer» E. | |
| 23. |
When the total product rises at an increasing rate the? [SSC Tax Assistant 2007] |
| A. | Marginal product is zero |
| B. | Marginal product is rising |
| C. | Marginal product is falling |
| D. | Marginal product remains constant |
| Answer» C. Marginal product is falling | |
| 24. |
The definition of "small-scale industry" in India is based on? |
| A. | Sales by the unit |
| B. | Investment in machines & equipment?s |
| C. | Market coverage |
| D. | Export capacity |
| Answer» C. Market coverage | |
| 25. |
Compared to the rich the poor save? |
| A. | A larger part of their income |
| B. | An equal part of their income |
| C. | A smaller part of their income |
| D. | All of their incomes |
| Answer» D. All of their incomes | |
| 26. |
Kissan Credit Card was introduced in? |
| A. | 1991 |
| B. | 1996 |
| C. | 1998 |
| D. | 2000 [SSC C PO 2007]: |
| Answer» D. 2000 [SSC C PO 2007]: | |
| 27. |
Government takes "ways and means advances" from? |
| A. | RBI |
| B. | IDBI |
| C. | SBI |
| D. | ICICI |
| Answer» B. IDBI | |
| 28. |
The main determinant of real wage is? [SSC CGL 2008] |
| A. | Extra earning |
| B. | Nature of work |
| C. | Promotion prospect |
| D. | Purchasing power of money |
| Answer» E. | |
| 29. |
Which of the following is not considered as National Debt? |
| A. | National Saving Certificates |
| B. | Long term government bonds |
| C. | Insurance policies |
| D. | Provident fund [SSC CGL 2008] |
| Answer» D. Provident fund [SSC CGL 2008] | |
| 30. |
Which one of the following statement is correct? [SSC CPO S.L 2008] |
| A. | Good money drives bad money out of circulation |
| B. | Bad money drives good money out of circulation |
| C. | Good and bad money cannot circulate together |
| D. | Cannot say |
| Answer» C. Good and bad money cannot circulate together | |
| 31. |
When the price of a commodity falls, we can expect? |
| A. | The supply of it to increase |
| B. | The demand for it to fall |
| C. | The demand for it to stay constant |
| D. | The demand for it to increase |
| Answer» E. | |
| 32. |
Poverty in less developed country is largely due to-? |
| A. | Voluntary idleness |
| B. | Income inequality |
| C. | Lack of cultural activities |
| D. | Lack of intelligence of the people |
| Answer» C. Lack of cultural activities | |
| 33. |
Disinvestment in public sector is called? |
| A. | Liberalization |
| B. | Globalization |
| C. | Industrialization |
| D. | Privatization |
| Answer» E. | |
| 34. |
The term mixed economy denotes? [SSC 2008] |
| A. | Existence of both rural and urban sector |
| B. | Existence of both private and public sector |
| C. | Existence of both heavy and small industries |
| D. | Existence of both developed and under developed sectors |
| Answer» C. Existence of both heavy and small industries | |
| 35. |
"Supply creates its own demand". This statement is related to ?[SSC 2007, 2008] |
| A. | Prof. J.B. Say |
| B. | John Robinson |
| C. | Adam Smith |
| D. | J.S. Mill |
| Answer» B. John Robinson | |
| 36. |
The period of the eleventh five year plan is?[SSC Tax Assistant 2008] |
| A. | 2005 to 2010 |
| B. | 2006 to 2011 |
| C. | 2007 to 2012 |
| D. | 2008 to 2013 |
| Answer» D. 2008 to 2013 | |
| 37. |
Production function express? |
| A. | Technological relationship between physical inputs and outputs |
| B. | Financial relationship between physical inputs and outputs |
| C. | Relationship between finance and technology |
| D. | Relationship between factors and production |
| Answer» B. Financial relationship between physical inputs and outputs | |
| 38. |
Revealed preference theory was propounded by? |
| A. | Adam Smith |
| B. | Marshall |
| C. | PA. Samuelson |
| D. | J.S. Mill |
| Answer» D. J.S. Mill | |
| 39. |
The draft of the five year plans in India is approved by the? |
| A. | National Development council |
| B. | Planning commission |
| C. | National productivity council |
| D. | Ministry of Finance |
| Answer» B. Planning commission | |
| 40. |
Surplus earned by a factor other than land in the short period of referred to as?[SSC 2009] |
| A. | Economic rent |
| B. | Net rent |
| C. | Quasi rent |
| D. | Super normal rent |
| Answer» D. Super normal rent | |
| 41. |
Opportunity cost of production of a commodity is? [SSC CPO 2009] |
| A. | The cost that the firm could have incurred when a different technique was adopted |
| B. | The cost that the firm could have incurred under a different method of production |
| C. | The Actual cost incurred |
| D. | The next best alternative output |
| Answer» E. | |
| 42. |
If two commodities are complements, then their cross price elasticity is? [SSC2009] |
| A. | Zero |
| B. | Positive |
| C. | Negative |
| D. | Imaginary number |
| Answer» D. Imaginary number | |
| 43. |
Which of the following statement is correct? [SSC LDC 2014] |
| A. | Most workers will work for less than their reservation wage |
| B. | The reservation wage is the maximum amount any firm will pay for a worker |
| C. | Economic rent is the difference between the market wages |
| D. | Economic rent is the amount one must pay to enter a desirable labor market |
| Answer» D. Economic rent is the amount one must pay to enter a desirable labor market | |
| 44. |
Which of the following are consumer Semi-durable goods? |
| A. | Cars and television sets |
| B. | Milk and milk products |
| C. | Food grains and other food products |
| D. | Electrical appliance like fans and electric irons |
| Answer» E. | |
| 45. |
Which of the following occurs when labor productivity rises? |
| A. | The equilibrium nominal wage falls |
| B. | The equilibrium quantity of labor falls |
| C. | Competitive firms will be induced to use more capital |
| D. | The labor demand curve shift to the right |
| E. | |
| Answer» E. | |
| 46. |
The central government plans to launch a 'Rashtriya Avishkar Abhiyan, or 'National Innovation Mission' to incalculate a desire for? [NIACL Asstt. 2015] |
| A. | Society oriented learning |
| B. | Enquiry based learning |
| C. | Job oriented learning |
| D. | Academics oriented learning |
| Answer» E. | |
| 47. |
The Direct Benefit Transfer of LPG (DBTL) scheme has now been modified and renamed as- [NIACL AO 2015] |
| A. | Badta |
| B. | PAHAL |
| C. | PARAS |
| D. | PRAYAS |
| Answer» C. PARAS | |
| 48. |
Which of the following is a recently introduced programmer where- in each Member of Parliament would adopt three village for rural infrastructure Development? [NIACL AO 2015] |
| A. | Samaras Adarsh Gram Yojana |
| B. | Jawahar Gram Samridhi Yojana |
| C. | Nirmal Adarsh Gram Yojana |
| D. | Sansad Adarsh Gram Yojana |
| Answer» E. | |
| 49. |
Demand pull Inflation is a situation of ? [SSC 'SDC 2012] |
| A. | Excess demand |
| B. | Parity between demand and supply |
| C. | Excess supply |
| D. | None of the above |
| Answer» B. Parity between demand and supply | |
| 50. |
ISO/'Supply creates its own demand" is the ? |
| A. | Law of market |
| B. | Law of demand & supply |
| C. | Law of Demand |
| D. | Law of supply [SSCLDC2012] |
| Answer» B. Law of demand & supply | |