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.
| 1751. |
The for assigning scarce frequency band is inefficient as there is a strictly positive probability that frequency will be assigned to the less efficient firm. |
| A. | lottery system |
| B. | auction process |
| C. | first-come-first-serve |
| D. | administrative proc |
| Answer» B. auction process | |
| 1752. |
When consumer preferences exhibit international network externalities, both countries are better off when both countries mutually recognize foreign standards than when both countries do not recognize foreign standards. |
| A. | TRUE |
| B. | FALSE |
| Answer» B. FALSE | |
| 1753. |
Which of the following is NOT an issue involving network externalities? |
| A. | the market may be too small |
| B. | the market may be to |
| C. | problem of monopol |
| D. | None of the above |
| Answer» C. problem of monopol | |
| 1754. |
The amount of uncaptured consumer surplus when information is digital exceeds the amount of uncaptured surplus when information is printed |
| A. | TRUE |
| B. | FALSE |
| Answer» B. FALSE | |
| 1755. |
Which of the following is a general policy issue surrounding the issue of network externalities? |
| A. | Issues of private property rights and intellectual property issues |
| B. | Issues of monopoly re |
| C. | None of the Above |
| D. | Both A & B |
| Answer» E. | |
| 1756. |
In Duopoly, Social welfare is maximized when _ |
| A. | there is one-way compatibility. |
| B. | both machines are compatible. |
| C. | both machines are incompatible to each other. |
| D. | none of the above. |
| Answer» C. both machines are incompatible to each other. | |
| 1757. |
Which of the following started as a De facto standard? |
| A. | ISO |
| B. | HTTP |
| C. | IEEE |
| D. | ANSI |
| Answer» C. IEEE | |
| 1758. |
In order to connect each consumer to the network of services, the monopoly has to spend μ units of money, where _ . |
| A. | μ > η |
| B. | μ < η |
| C. | μ = η |
| D. | μ >= η |
| Answer» C. μ = η | |
| 1759. |
Which of the following statements about a monopoly is FALSE? |
| A. | A monopoly is the only supplier of the good. |
| B. | Monopolies have no barriers to entry or exit. |
| C. | The good produced by a monopoly has no close substitutes. |
| D. | None of the above; that is, all of the above answers are true statements about a monopoly. |
| Answer» C. The good produced by a monopoly has no close substitutes. | |
| 1760. |
The firm with the higher market share under incompatibility earns _ under incompatibility whereas the firm with the smaller market share under incompatibility earns _ under compatibility. |
| A. | a higher profit, a lower |
| B. | a lower profit, a lower |
| C. | a higher profit, a hig |
| D. | hB) a lower profit, a hig |
| Answer» D. hB) a lower profit, a hig | |
| 1761. |
The at a price (connection fee) p0 is the minimal number of customers needed to ensure that at least this number of consumers will benefit from subscribing to the service at the fee p0. |
| A. | critical weight |
| B. | critical mass |
| C. | critical volumn |
| D. | weight |
| Answer» C. critical volumn | |
| 1762. |
Network industries does not include _ |
| A. | Telephone |
| B. | Airlines |
| C. | Banking |
| D. | Treasury Bonds |
| Answer» E. | |
| 1763. |
Which of the following is true of a natural monopoly? |
| A. | The firm can supply the entire market at a lower cost than could two or more firms. |
| B. | Its average total cost curve slopes upward as it intersects the demand curve. |
| C. | The firm is not protected by any barrier to entry. |
| D. | Economies of scale exist to only a very low level of output. |
| Answer» B. Its average total cost curve slopes upward as it intersects the demand curve. | |
| 1764. |
An increase in journal photocopying _ library’s value and hence funding, which in turn allows journal publishers to increase subscription fees. |
| A. | decreases |
| B. | increases |
| C. | doesn't impact |
| D. | None of the above |
| Answer» C. doesn't impact | |
| 1765. |
A good that is rival and nonexcludable is a |
| A. | common resource. |
| B. | private good. |
| C. | public good. |
| D. | government good |
| Answer» B. private good. | |
| 1766. |
Which of the following is generally regarded as the true index of economic growth? |
| A. | An increase in national income at constant prices during a year |
| B. | A sustained increase in real per capita income |
| C. | An increase in national income at current prices over time |
| D. | An increase in national income along with a corresponding increase in population |
| Answer» B. A sustained increase in real per capita income | |
| 1767. |
How much population is living below poverty line in India ? |
| A. | Approx 24% |
| B. | Approx 25% |
| C. | Approx 26% |
| D. | Approx 27% |
| Answer» D. Approx 27% | |
| 1768. |
The concept of economic growth is __________. |
| A. | Identical with the concept of economic development |
| B. | Narrower than the concept of economic development |
| C. | Wider as compared to that of economic development |
| D. | Unrelated to the concept of economic development |
| Answer» C. Wider as compared to that of economic development | |
| 1769. |
The classical theory of economic development is of relevance for the less developedcountries today because it lays emphasis on . |
| A. | Need for favourable institutional and social initiatives |
| B. | Extension of markets |
| C. | Capital accumulation |
| D. | All of the above |
| Answer» E. | |
| 1770. |
Gunnar Myrdal was awarded Noble Prize for Economics in 1974. What is his nationality? |
| A. | Norwegian |
| B. | Dutch |
| C. | Swedish |
| D. | American |
| Answer» D. American | |
| 1771. |
Two economists have been particularly associated with the formulation of development withsurplus labour hypothesis. One is R. Nurkse. Who is the other? |
| A. | W.A. Lewis |
| B. | James S. Duessenberry |
| C. | W.W. Rostow |
| D. | Simon Kuznets |
| Answer» C. W.W. Rostow | |
| 1772. |
Backward and forward linkage are relevant for which kind of growth strategy? |
| A. | Unbalanced growth |
| B. | Trickle down growth |
| C. | Balanced growth |
| D. | Equilibrium growth |
| Answer» B. Trickle down growth | |
| 1773. |
Swachch Bharat Mission (Rural) programme comes under which ministry? |
| A. | Ministry of Panchayati Raj |
| B. | Ministry of Drinking Water and Sanitation |
| C. | Ministry of Woman and Child Development |
| D. | Ministry of Rural Development |
| Answer» C. Ministry of Woman and Child Development | |
| 1774. |
The basic logic behind the ‘big-push’ strategy of development is related to . |
| A. | Internal economies |
| B. | External economies |
| C. | An optimum combination |
| D. | Both A and B |
| Answer» C. An optimum combination | |
| 1775. |
In Schumpeter’s theory of development maximum stress has been laid on: |
| A. | Capital |
| B. | Interest |
| C. | Land |
| D. | Entrepreneurship |
| Answer» E. | |
| 1776. |
Which sector was emphasised most by Ricardo in the context of economic growth? |
| A. | Trade |
| B. | Industry |
| C. | Agriculture |
| D. | Services |
| Answer» D. Services | |
| 1777. |
When an economy produces more output per capital the economy is said to be having: |
| A. | Inflation |
| B. | Economic growth |
| C. | Economic planning |
| D. | Living standard |
| Answer» C. Economic planning | |
| 1778. |
Economic growth in India will happen necessarily if there is . |
| A. | Population growth |
| B. | Capital formation |
| C. | Technical progress in the global economy |
| D. | All the above |
| Answer» C. Technical progress in the global economy | |
| 1779. |
Economic development means__________. |
| A. | Economic growth. |
| B. | Economic growth plus structural and qualitative changes. |
| C. | Improvement in the living standard of the urban population. |
| D. | Sustainable increases in Gross National Product (GDP). |
| Answer» C. Improvement in the living standard of the urban population. | |
| 1780. |
Economic growth measures the? |
| A. | Growth of productivity |
| B. | Increase in nominal income |
| C. | Increase in output |
| D. | None of the above |
| Answer» D. None of the above | |
| 1781. |
Investment in human capital is related with expenditure in __________ . |
| A. | Education |
| B. | Training |
| C. | Health Services |
| D. | All the above |
| Answer» E. | |
| 1782. |
Development economics must have a scope wider than traditional economics because |
| A. | Values and attitudes play little role in the pace of development. |
| B. | People in developing societies do less utility-maximizing. |
| C. | Transformation of social institutions is necessary for development. |
| D. | All of the above. |
| Answer» D. All of the above. | |
| 1783. |
Economic growth in India will happen necessarily if there is? |
| A. | Population growth |
| B. | Capital formation |
| C. | Technical progress |
| D. | All the above |
| Answer» C. Technical progress | |
| 1784. |
Myrdal builds his theory of economic development around the idea of__________ . |
| A. | Regional inequalities on the national plane |
| B. | Regional inequalities on the international plane |
| C. | Both A and B |
| D. | None of the above |
| Answer» D. None of the above | |
| 1785. |
Who fixes the poverty line? |
| A. | Government |
| B. | Lok Sabha |
| C. | Rajya Sabha |
| D. | Planning Commission |
| Answer» E. | |
| 1786. |
Development with unlimited supplies of labour hypothesis was originally formulated by__________. |
| A. | Gustav Ranis |
| B. | W. A. Lewis |
| C. | R. Nurkse |
| D. | J. Schumpeter |
| Answer» C. R. Nurkse | |
| 1787. |
The basic characteristic of an underdeveloped economy is__________ . |
| A. | Low income and poverty |
| B. | Low productivity |
| C. | Low per capital income |
| D. | High illiteracy level |
| Answer» B. Low productivity | |
| 1788. |
Which growth model inspired the use of capital-output ratio for development planning? |
| A. | the Harrod-Domar model |
| B. | Solow's mode |
| C. | Kaldor's model |
| D. | Feldman's model |
| Answer» B. Solow's mode | |
| 1789. |
SEZ India mobile app has been launched in January 2017 by __________. |
| A. | Ministry of Labour and Employment. |
| B. | Ministry of Finance |
| C. | Ministry of Commerce and Industry |
| D. | Ministry of Corporate Affairs |
| Answer» D. Ministry of Corporate Affairs | |
| 1790. |
The capital-output ratio is determined by: |
| A. | Sectoral allocation of capital |
| B. | Level of economic activity |
| C. | Human and natural resources |
| D. | All of the above |
| Answer» E. | |
| 1791. |
The rate of growth of an economy mainly depends upon: |
| A. | The rate of growth of the labour force |
| B. | The proportion of national income saved and invested |
| C. | The rate of technological improvements |
| D. | All of the above |
| Answer» E. | |
| 1792. |
Gross domestic capital formation is defined as__________. |
| A. | Flow of expenditure devoted to increase or maintaining of the capital stock |
| B. | Expenditure incurred on physical assets only |
| C. | Production exceeding demand |
| D. | Net addition to stock after depreciation |
| Answer» E. | |
| 1793. |
HRD ways in education planning is / are. |
| A. | Manpower approach |
| B. | Social demand approach |
| C. | Rate of return approach |
| D. | All the above |
| Answer» E. | |
| 1794. |
The rate of growth of an economy mainly depends upon ___________ . |
| A. | The rate of growth of the labour force |
| B. | The proportion of national income saved and invested |
| C. | The rate of technological improvements |
| D. | All of the above |
| Answer» E. | |
| 1795. |
Which of the following models makes the assumption of constant saving-income ratio? |
| A. | Kaldor model |
| B. | Leontief model |
| C. | Harrod-Domar model |
| D. | Joan Robinson model |
| Answer» D. Joan Robinson model | |
| 1796. |
The Harrod-Domar model is one of the well- known models of growth. Which of the twoauthors of this model wrote earlier and in which year? |
| A. | Domar in 1940 |
| B. | Harrood in 1939 |
| C. | Domar in 1946 |
| D. | Domar in 1948 |
| Answer» C. Domar in 1946 | |
| 1797. |
The concept of economic growth is __________ . |
| A. | Identical with the concept of economic development |
| B. | Narrower than the concept of economic development |
| C. | W ider as compared to that of economic development |
| D. | Unrelated to the concept of economic development |
| Answer» C. W ider as compared to that of economic development | |
| 1798. |
The concept of economic growth is___________. |
| A. | Identical with the concept of economic development |
| B. | Narrower than the concept of economic development |
| C. | Wider as compared to that of economic development |
| D. | Unrelated to the concept of economic development |
| Answer» C. Wider as compared to that of economic development | |
| 1799. |
Which of the following explains the term economic growth? |
| A. | Increase in per capita production |
| B. | Increase in per capita real income |
| C. | Structural change in the economy |
| D. | All the above are right |
| Answer» E. | |
| 1800. |
The golden-rule saving rate is the rate of saving that __________. |
| A. | Gets the highest rate of interest |
| B. | Maximises the level of long-run investment |
| C. | Maximises the level of long-run consumption |
| D. | Maximises human capital |
| Answer» D. Maximises human capital | |