MCQOPTIONS
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MCQOPTIONS
This section includes 1588 Mcqs, each offering curated multiple-choice questions to sharpen your Banking And Financial Awareness knowledge and support exam preparation. Choose a topic below to get started.
| 851. |
The practice of selling goods in a foreign country at a price below their domestic selling price is called? |
| A. | Diplomacy |
| B. | Discrimination |
| C. | Dumping |
| D. | Double pricing |
| Answer» D. Double pricing | |
| 852. |
An expenditure that has been made and cannot be recovered is called [SSC 5.0.2006] |
| A. | Variable cost |
| B. | Opportunity cost |
| C. | Sunk cost |
| D. | Operational cost |
| Answer» D. Operational cost | |
| 853. |
Prime cost is equal to? [SSCS.O. 2006] |
| A. | Variable cost plus administrative cost |
| B. | Variable cost plus fixed costs |
| C. | Variable cost only |
| D. | Fixed cost only |
| Answer» D. Fixed cost only | |
| 854. |
In India, population density is defined as the number of persons? |
| A. | Per square mile |
| B. | Per lakh square mile |
| C. | Per lakh square kilometer |
| D. | Per square kilometre [SSC 2006] |
| Answer» E. | |
| 855. |
Which is the highest body that approves five year plans in the country? [SSC 5.0. 2006] |
| A. | Planning committee |
| B. | Union cabinet |
| C. | Parliament |
| D. | National development council |
| Answer» E. | |
| 856. |
Under which market condition do firms have excess capacity? |
| A. | Perfect competition |
| B. | Monopolistic competition |
| C. | Duopoly |
| D. | Oligopoly |
| Answer» C. Duopoly | |
| 857. |
Capital formation in an economy depends on? |
| A. | Total income |
| B. | Total demand |
| C. | Total savings |
| D. | Total production |
| Answer» D. Total production | |
| 858. |
The demand curve for a given good is? [SSC. CGL 2007] |
| A. | Upward rising |
| B. | Downward rising |
| C. | Parallel to the quantity |
| D. | Parallel to the price axis |
| Answer» C. Parallel to the quantity | |
| 859. |
The number of females per 1000 males in India?s population is? [SSC 2007] |
| A. | 900 |
| B. | 929 |
| C. | 940 |
| D. | 945 |
| Answer» D. 945 | |
| 860. |
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. | |
| 861. |
Capital: Output Ratio of a measures? [SSC CGL 2007] |
| A. | Its per unit cost of production |
| B. | The amount of capital invested per unit of output |
| C. | The ratio of capital depreciation to quantity of output |
| D. | The ratio of working capital employed to quantity of output |
| Answer» C. The ratio of capital depreciation to quantity of output | |
| 862. |
Cartels is a form of? |
| A. | Collusive oligopoly |
| B. | Non-collusive oligopoly |
| C. | Monopoly |
| D. | Monopolistic competition |
| Answer» B. Non-collusive oligopoly | |
| 863. |
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. | |
| 864. |
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 | |
| 865. |
WTO basically promotes? |
| A. | Financial support |
| B. | Global peace |
| C. | Unilateral trade |
| D. | Multilateral trade |
| Answer» E. | |
| 866. |
Which of the following pair of goods are close substitute? |
| A. | Milk and sugar |
| B. | Sugar and tea |
| C. | Tea and coffee |
| D. | Coffee and biscuits |
| Answer» D. Coffee and biscuits | |
| 867. |
Prof. Amartya Sen was awarded Nobel prize for his contribution to the field of? |
| A. | Food and famines |
| B. | Welfare economics |
| C. | Indian economy |
| D. | Poverty |
| Answer» C. Indian economy | |
| 868. |
By which Bill does the government purpose collection of revenues for a year? |
| A. | Economic Bill |
| B. | Finance Bill |
| C. | Supplementary Bill |
| D. | None of the above |
| Answer» C. Supplementary Bill | |
| 869. |
Who among the following is not a classical economist? |
| A. | David Ricardo |
| B. | John Stuart Mill |
| C. | Thomas Malthus |
| D. | J.M. Keynes |
| Answer» E. | |
| 870. |
The birth rate measures the number of births during a year per? [SSC 2008] |
| A. | 100 population |
| B. | 1000 population |
| C. | 10000 population |
| D. | 100000 population |
| Answer» C. 10000 population | |
| 871. |
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. | |
| 872. |
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 | |
| 873. |
Which one of the following is not correct? |
| A. | First five year plan 1951-56 |
| B. | Second five year plan 1956-61 |
| C. | Third five year plan 1961-66 |
| D. | Fourth five year plan 1966-71 |
| Answer» E. | |
| 874. |
Green banking means? |
| A. | Development of forestry by banks |
| B. | Financing of environment friendly projects by banks |
| C. | Financing of irrigation projects by banks |
| D. | None of the above |
| Answer» C. Financing of irrigation projects by banks | |
| 875. |
When average cost of production falls marginal cost of production must be? [SSCCPOSJ 2010] |
| A. | Rising |
| B. | Falling |
| C. | Greater than the average cost |
| D. | Less than the average cost |
| Answer» E. | |
| 876. |
Disinvestment is? |
| A. | Offloading of shares of private companies to government |
| B. | Offloading of government shares to private companies |
| C. | Increase in investment |
| D. | Closing down of business concern |
| Answer» D. Closing down of business concern | |
| 877. |
The law of demand express? [SC Tax Assistant 2008] |
| A. | Effect of change in price of a commodity on its demand |
| B. | Effect of change in demand of a commodity on its price |
| C. | Effect of change in demand of a commodity over the supply of its substitute |
| D. | None of the above |
| Answer» C. Effect of change in demand of a commodity over the supply of its substitute | |
| 878. |
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 | |
| 879. |
"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 | |
| 880. |
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 | |
| 881. |
Cross elasticity of demand between petrol and car is? [SSC Tax Assistant 2008] |
| A. | Infinite |
| B. | Positive |
| C. | Zero |
| D. | Negative |
| Answer» E. | |
| 882. |
Extension or contraction of quantity demanded of a commodity is a result of a change in the? [SSC Tax Assistant 2008] |
| A. | Unit price of the commodity |
| B. | Income of the consumer |
| C. | Taste of the consumer |
| D. | Climate of the region |
| Answer» B. Income of the consumer | |
| 883. |
Interest is a reward for parting with liquidity is according to. [SSC Tax. Assistant 2008] |
| A. | Keynes |
| B. | Marshall |
| C. | Haberler |
| D. | Ohiin |
| Answer» B. Marshall | |
| 884. |
Which plan gave emphasis on removal of poverty for the first time? |
| A. | Fourth |
| B. | Fifth |
| C. | Sixth |
| D. | Seventh |
| Answer» C. Sixth | |
| 885. |
Which one of the following is not a characteristic of the population of a developed country? [SSC x Assistant 2008] |
| A. | Low birth rate and low death rate |
| B. | High birth rate and high death rate |
| C. | High proportion of urban population |
| D. | Low growth rate of population |
| Answer» C. High proportion of urban population | |
| 886. |
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 | |
| 887. |
Production function explains the relationship between? |
| A. | Initial inputs and ultimate output |
| B. | Inputs and ultimate consumption |
| C. | Output and consumption |
| D. | Output and exports |
| Answer» B. Inputs and ultimate consumption | |
| 888. |
An exceptional demand curve is one that moves? [SSC 2009] |
| A. | Upward to the right |
| B. | Downward to the right |
| C. | Horizontal |
| D. | Vertically |
| Answer» B. Downward to the right | |
| 889. |
The Finance Commission? [SSC CPO S.I. 2009] |
| A. | Draws up five year plans |
| B. | Formulates monetary policy |
| C. | Recommends pay revision of central government employees |
| D. | Adjudicates on the sharing of resources between central and states |
| Answer» E. | |
| 890. |
Labor Intensive Technique would get chosen in a? [SSC CPO 2009] |
| A. | Labor surplus economy |
| B. | Capital surplus economy |
| C. | Developed economy |
| D. | Developing economy |
| Answer» B. Capital surplus economy | |
| 891. |
Which from the following is not true when the interest rate in the economy goes up? |
| A. | Saving increases |
| B. | Lending decreases |
| C. | Cost of production increases |
| D. | Return on capital increases |
| Answer» E. | |
| 892. |
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 | |
| 893. |
Subsidies are payment by government to? |
| A. | Consuming units |
| B. | Producing units |
| C. | Banking units |
| D. | Retired persons |
| Answer» C. Banking units | |
| 894. |
Who defined 'Rent' as that portion or produce of the earth which is pam to the landlord for the use of original and indestructible power of the soil? |
| A. | Ricardo |
| B. | Marshall |
| C. | Keynes |
| D. | Pigou |
| Answer» B. Marshall | |
| 895. |
Collective consumption means? [SSC LDC 2014] |
| A. | Household consumption |
| B. | Individual consumption |
| C. | Self-consumption |
| D. | Consumption by the citizens of the country |
| Answer» E. | |
| 896. |
The psychological law of consumption states That? [SSCLDC2014] |
| A. | Proportionate increase in consumption is less than proportionate increase in income |
| B. | Increase in income is equal to increase in consumption |
| C. | Increase in consumption is greater than increase in income |
| D. | Consumption does not change with a change in income |
| Answer» B. Increase in income is equal to increase in consumption | |
| 897. |
The relationship between the rate of interest and level of consumption was first visualized by?[SSC I.DC 2012] |
| A. | Amartya Sen |
| B. | Milton Friedman |
| C. | Irving Fisher |
| D. | James Dues |
| Answer» D. James Dues | |
| 898. |
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. | |
| 899. |
The 'Slack-Season' in the Indian Economy is? [SSCLDC2014] |
| A. | March-April |
| B. | September-December |
| C. | January-June |
| D. | February-April |
| Answer» D. February-April | |
| 900. |
Take-off stage' in an economy means? [SSCLDC2014] |
| A. | Steady growth begins |
| B. | Economy is stamen |
| C. | Economy is about to collapse |
| D. | All controls are removed |
| Answer» B. Economy is stamen | |