MCQOPTIONS
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MCQOPTIONS
This section includes 2956 Mcqs, each offering curated multiple-choice questions to sharpen your UPSC IAS Exam knowledge and support exam preparation. Choose a topic below to get started.
| 1601. |
In question No. 127 if the firm continue to operate beyond 6 labour hours as the labour cannot bedeclared surplus –the firms should ------ to increase the output |
| A. | Increase fixed input |
| B. | Retrench the surplus labour |
| C. | Outsource the work |
| D. | All the three |
| Answer» B. Retrench the surplus labour | |
| 1602. |
If an economy is working at a point left to PPF curve it shows that……… |
| A. | The economy is working at less than the full employment level |
| B. | The economy is at full employment level |
| C. | The economy is country is faced with excess production |
| D. | There is glut of imports |
| Answer» B. The economy is at full employment level | |
| 1603. |
Which of these is primary sector. |
| A. | Communication |
| B. | Banking |
| C. | Construction |
| D. | Poultry firming |
| Answer» E. | |
| 1604. |
---------- leader is self confident and can attract followers by his great influence |
| A. | Charismatic |
| B. | Autocratic |
| C. | Laissez-faire |
| D. | Bureaucratic |
| Answer» B. Autocratic | |
| 1605. |
Personal income equals personal disposable income (Yd) plus |
| A. | Personal savings |
| B. | Transfers from government |
| C. | Personal income taxes |
| D. | Dividend payments |
| Answer» D. Dividend payments | |
| 1606. |
Unemployment that arises due to regional occupational pattern of job vacancies, which does not match the pattern of workers availability and suitability, is known as |
| A. | Frictional unemployment |
| B. | Structural unemployment |
| C. | Cyclical unemployment |
| D. | Demand pull unemployment. |
| Answer» C. Cyclical unemployment | |
| 1607. |
CRR means |
| A. | Cash Reserve Ratio |
| B. | Current rate of return |
| C. | Cumulative rate of return |
| D. | Current rate of Rupee |
| Answer» B. Current rate of return | |
| 1608. |
_____ is when one party is willing to be self-sacrificing in order that the relationship can be maintained. |
| A. | Competing |
| B. | Accommodating |
| C. | Collaborating |
| D. | Compromising |
| Answer» C. Collaborating | |
| 1609. |
At the very first stage of establishment, organizations are generally indulged in: |
| A. | Planning |
| B. | Organizing |
| C. | Leading |
| D. | Controlling |
| Answer» B. Organizing | |
| 1610. |
Changes in behavior as a result of observation and manipulation of conditions in an environment aretermed……………. |
| A. | The Hawthorne effect |
| B. | Group dynamic |
| C. | Social influence |
| D. | Sociometry |
| Answer» B. Group dynamic | |
| 1611. |
If you support the idea that conflict is bad and should be eliminated, you are supporting: |
| A. | the traditional view. |
| B. | the human relations view. |
| C. | the interactionist view. |
| D. | the moderated acceptance view. |
| Answer» B. the human relations view. | |
| 1612. |
Which of the following uses three types of participants: decision makers, staff personnel, andrespondents? |
| A. | executive opinions |
| B. | sales force composites |
| C. | the Delphi method |
| D. | time series analysis |
| Answer» D. time series analysis | |
| 1613. |
In an agricultural family all the family members are working the farmland of the family. Due to addition of two more person in the family they are also working in the farmland of the family with no additional increase in farm output. This type of unemployment is known as |
| A. | Cyclical unemployment |
| B. | Disguised unemployment |
| C. | Frictional unemployment |
| D. | Seasonal unemployment |
| Answer» C. Frictional unemployment | |
| 1614. |
Simultaneous increase in demand and quantity supplied will |
| A. | Increase in equilibrium price and quantity |
| B. | Decrease equilibrium price and quantity |
| C. | Increase equilibrium price but decrease quantity |
| D. | Decrease equilibrium price but increase quantity |
| Answer» B. Decrease equilibrium price and quantity | |
| 1615. |
The Law of Diminishing Marginal Utility was developed by ____________ |
| A. | Stanley Jevons |
| B. | Alfred Marshall |
| C. | Adam Smith |
| D. | J.R. Hicks |
| Answer» C. Adam Smith | |
| 1616. |
Economics of scales are divided into ________ types. |
| A. | 2 |
| B. | 3 |
| C. | 4 |
| D. | 5 |
| Answer» B. 3 | |
| 1617. |
A Production Function refers to ________________ |
| A. | Scale of production |
| B. | relationship between resources |
| C. | relationship between inputs and output |
| D. | relationship between costs and output |
| Answer» D. relationship between costs and output | |
| 1618. |
According to the ‘Law of Demand, demand varies ________ with price. |
| A. | Directly |
| B. | Indirectly |
| C. | Proportionately |
| D. | Inversely |
| Answer» E. | |
| 1619. |
_________ is the first Law of Consumption. |
| A. | The Law of Diminishing Marginal Utility |
| B. | The Law of Demand |
| C. | The Law of Increasing Returns |
| D. | All of the above |
| Answer» B. The Law of Demand | |
| 1620. |
In the case of rare coins, supply curve will be |
| A. | Horizontal |
| B. | Vertical |
| C. | backward bending |
| D. | positively sloped |
| Answer» C. backward bending | |
| 1621. |
Gresham’s Law is true where |
| A. | only Barter System operates |
| B. | only Paper Currency operates |
| C. | only Metal Currency operates |
| D. | Both Paper and Metal Currencies operates |
| Answer» E. | |
| 1622. |
All the following functions are associated with commercial bank except that |
| A. | Commercial Bank cannot issue Paper Notes |
| B. | Commercial Bank acts as a Banker to the Government |
| C. | Commercial Banks are mostly privately – owned and privately – managed |
| D. | to accept Deposit from the Public is the most important function of a commercial bank |
| Answer» B. Commercial Bank acts as a Banker to the Government | |
| 1623. |
The primary functions of money are of ______ types. |
| A. | 2 |
| B. | 3 |
| C. | 4 |
| D. | 5 |
| Answer» B. 3 | |
| 1624. |
Let a firm employs 10 labourers to produce 150 units of output. If 11 labourers are employed to produce 166 units of output, then the marginal product is |
| A. | 11 |
| B. | 16 |
| C. | 150 |
| D. | 166 |
| Answer» C. 150 | |
| 1625. |
___________ is a gift of nature. |
| A. | Land |
| B. | Labour |
| C. | Capital |
| D. | Organisation |
| Answer» B. Labour | |
| 1626. |
The additional cost incurred to produce an additional unit of output is _______ |
| A. | Marginal cost |
| B. | Variable cost |
| C. | Fixed cost |
| D. | Opportunity cost |
| Answer» B. Variable cost | |
| 1627. |
__________ is one among the qualitative credit control instruments used by the RBI. |
| A. | Bank Rate Policy |
| B. | Moral Suasion |
| C. | Open Market Operations |
| D. | Cash Reserve Ratio |
| Answer» C. Open Market Operations | |
| 1628. |
In the long run, a firm in perfect competition earns _____________ |
| A. | normal profit only |
| B. | abnormal profit |
| C. | average profit of past 5 years |
| D. | 12.33 per cent profit on capital employed |
| Answer» B. abnormal profit | |
| 1629. |
___________ is an act to use the goods or service to satisfy the wants. |
| A. | Production |
| B. | Consumption |
| C. | Savings |
| D. | Distribution |
| Answer» C. Savings | |
| 1630. |
The total ___________ curve will be a horizontal line. |
| A. | Variable cost |
| B. | Fixed cost |
| C. | Marginal cost |
| D. | Cost |
| Answer» C. Marginal cost | |
| 1631. |
_________ goods are known as scarce goods. |
| A. | Economic |
| B. | Durable |
| C. | Free |
| D. | Consumer |
| Answer» B. Durable | |
| 1632. |
Penetration Pricing is adopted by following a ___________ |
| A. | low price |
| B. | high price |
| C. | dual price |
| D. | support price |
| Answer» B. high price | |
| 1633. |
__________ is the centre of all marketing policies. |
| A. | Price |
| B. | Product |
| C. | Profit |
| D. | Publicity |
| Answer» C. Profit | |
| 1634. |
Income minus Savings is equal to ___________ |
| A. | Consumption |
| B. | Production |
| C. | Investment 11 |
| D. | Demand |
| Answer» B. Production | |
| 1635. |
On the basis of competition, markets are classified into __________ types. |
| A. | 2 |
| B. | 3 |
| C. | 4 |
| D. | 5 |
| Answer» B. 3 | |
| 1636. |
When two or more different goods are produced together by a single firm, it is called as_________ supply. |
| A. | joint |
| B. | composite |
| C. | excess |
| D. | short |
| Answer» B. composite | |
| 1637. |
Cash Balance Approach was given by |
| A. | I. Fisher |
| B. | J. M. Keynes |
| C. | G. Crowther |
| D. | Cambridge University Professors |
| Answer» E. | |
| 1638. |
The subject matter of economics is distributed into __________ parts. |
| A. | two |
| B. | three |
| C. | four |
| D. | five |
| Answer» D. five | |
| 1639. |
________ means transformation of physical inputs into output. |
| A. | Marketing |
| B. | Production |
| C. | Finance |
| D. | Money |
| Answer» C. Finance | |
| 1640. |
“Money is what money does”. This definition was given by __________ |
| A. | Adam Smith |
| B. | Walker |
| C. | Robbins |
| D. | Robertson |
| Answer» C. Robbins | |
| 1641. |
Securities market in India is regulated by the ___________ |
| A. | Government |
| B. | RBI |
| C. | SEBI |
| D. | SBI |
| Answer» D. SBI | |
| 1642. |
Quantity Theory of Money states that 3 |
| A. | Price Level is directly proportional to Money Supply |
| B. | Price Level is inversely proportional to Money Supply |
| C. | Price Level is not related to Money Supply |
| D. | Price Level is inversely related to Money Demand |
| Answer» B. Price Level is inversely proportional to Money Supply | |
| 1643. |
Which one of the following is the apex bank for agricultural credit in India? |
| A. | RBI |
| B. | IDBI |
| C. | SIDBI |
| D. | NABARD |
| Answer» E. | |
| 1644. |
Which one of the following is a feature of a perfect competition? |
| A. | Selling Cost |
| B. | Group Behaviour |
| C. | Homogenous Product |
| D. | Differentiated Product |
| Answer» D. Differentiated Product | |
| 1645. |
Opportunity cost is measured in terms of the |
| A. | optional cost that has been avoided |
| B. | negative cost that has been sacrificed |
| C. | accounting cost that has been paid |
| D. | next best alternative that has been foregone |
| Answer» E. | |
| 1646. |
In a perfect competition, a firm earns super normal profit when the AR of the firm _____ theACT of the firm. |
| A. | equals to |
| B. | exceeds |
| C. | is lower than |
| D. | neither exceeds nor is lower than |
| Answer» C. is lower than | |
| 1647. |
Which of the following does not characterize monopolistic competition? |
| A. | product differentiation |
| B. | many producers |
| C. | absence of advertising 8 |
| D. | partial control over price |
| Answer» D. partial control over price | |
| 1648. |
There are _______ stages of the Law of Variable Proportions |
| A. | 2 |
| B. | 3 |
| C. | 4 |
| D. | 5 |
| Answer» C. 4 | |
| 1649. |
Commercial banks provide collateral loans against |
| A. | Government Security |
| B. | Shares |
| C. | Bills of Exchange |
| D. | Commercial Paper |
| Answer» B. Shares | |
| 1650. |
The relationship between money supply and price level is |
| A. | Inverse |
| B. | Neutral |
| C. | Proportional |
| D. | non-proportional |
| Answer» D. non-proportional | |