MCQOPTIONS
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MCQOPTIONS
This section includes 120 Mcqs, each offering curated multiple-choice questions to sharpen your Geology knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
Which economist is also known as the master of partial analysis |
| A. | Friedrich Hayek |
| B. | John Maynard Keynes |
| C. | Alfred Marshall |
| D. | David Ricardo |
| Answer» D. David Ricardo | |
| 102. |
Input-Output technique was invented by |
| A. | Gunnar Myrdal |
| B. | Wassily Leontief |
| C. | Hollis B. Chenery |
| D. | Robert Solow |
| Answer» C. Hollis B. Chenery | |
| 103. |
Limit pricing is an entry condition in the theory of firm by |
| A. | J. S. Bain |
| B. | Curnot |
| C. | Chamberlin |
| D. | W. J. Baumole |
| Answer» B. Curnot | |
| 104. |
The critical minimum effort theory is due to |
| A. | W. A. Lewis |
| B. | D. Ricardo |
| C. | H. Leibenstein |
| D. | A. D. Hirschman |
| Answer» D. A. D. Hirschman | |
| 105. |
Lorenz curve enables one to study which of the following |
| A. | Average |
| B. | Dispersion |
| C. | Correlation |
| D. | Tax Rate |
| Answer» C. Correlation | |
| 106. |
Rational Expectation Theory is associated with |
| A. | Hicks |
| B. | Romer |
| C. | Lucas |
| D. | None of the above |
| Answer» D. None of the above | |
| 107. |
In economic theory the term "ceteris paribus" is used to indicate |
| A. | Demand and supply are equal |
| B. | MR = MC |
| C. | Price are increasing |
| D. | Other things being equal |
| Answer» E. | |
| 108. |
In the Cobb-Douglas production function the elasticity of substitution between factors is |
| A. | Zero |
| B. | Equal to one |
| C. | Greater than one |
| D. | Less than one |
| Answer» C. Greater than one | |
| 109. |
If the total expenditure on a commodity increases after a price increase the elasticity of demand is |
| A. | Greater than one |
| B. | Equal to one |
| C. | Less than one |
| D. | Infinite |
| Answer» D. Infinite | |
| 110. |
An emprical study on relationship between the rate of money wage rate increase and rate of unemployment in the economy was given by |
| A. | A. W. Philips |
| B. | J. M. Keynes |
| C. | Adam Smith |
| D. | Karl Marx |
| Answer» B. J. M. Keynes | |
| 111. |
In macroeconomics disposable income refers to |
| A. | Income after taxes and transfers |
| B. | After - tax income |
| C. | Income spend on consumer durable items |
| D. | Income over and above cost of necessities |
| Answer» C. Income spend on consumer durable items | |
| 112. |
The difference between gross domestic product and net domestic product equals |
| A. | Transfer payments |
| B. | Indirect taxes |
| C. | Subsidies |
| D. | Depreciation cost |
| Answer» E. | |
| 113. |
The National Income is equal to |
| A. | Net National Product + Taxes |
| B. | Net National Product – Indirect Taxes + Subsidies |
| C. | Net National Product – Direct Taxes + Subsidies |
| D. | Gross National Product — Subsidies + Taxes |
| Answer» C. Net National Product – Direct Taxes + Subsidies | |
| 114. |
If nominal GDP is equal to real GDP, then |
| A. | The GDP deflator is equal to zero |
| B. | The GDP deflator is equal to one |
| C. | The GDP deflator is less than one |
| D. | None of the above |
| Answer» C. The GDP deflator is less than one | |
| 115. |
The Physical Quality of Life Index was calculated for the first time by |
| A. | A Lewis |
| B. | P Samuelson |
| C. | Morris D Morris |
| D. | E E Hagen |
| Answer» D. E E Hagen | |
| 116. |
The "Absorption Approach" analysing the effects of devaluation has been developed by |
| A. | C P Kindleberger |
| B. | B Soderston |
| C. | T M Rybezynski |
| D. | Sidney Alexander |
| Answer» E. | |
| 117. |
The critical minimum effort theory is associated with the name |
| A. | W A Lewis |
| B. | D Ricardo |
| C. | H Leibenstein |
| D. | A D Hirschman |
| Answer» D. A D Hirschman | |
| 118. |
Who is known as the father of modern economics |
| A. | Thomas Robert Malthus |
| B. | Francois Quesnay |
| C. | Adam Smith |
| D. | David Ricardo |
| Answer» D. David Ricardo | |
| 119. |
Which of the following is not a central problem of an economy |
| A. | What to produce |
| B. | How to produce |
| C. | For whom to produce |
| D. | Where to produce |
| Answer» E. | |
| 120. |
Which one of the following is correct for a normal distribution |
| A. | Standard deviation is maximum |
| B. | Quartire deviation is maximum |
| C. | Mean deviation is maximum |
| D. | Quartile deviation, standard deviation and mean deviation are equal |
| Answer» B. Quartire deviation is maximum | |