Expected mcqs of economics with answers
Most Expected mcqs of economics with answers for all competitive exams.
Q1:- when there is affect on economic activity of an specific country due to import and export, then such economy are called;-
- closed economy
- open economy
- Agricultural economy
- Industrial economy
- None of the above
Ans:- Open economy
Q2:- The world wide great depression happens in which year:-
- 1936
- 1928
- 1929
- 1930
Ans:- 1929
Q3:- Multinational firm is :-
- A company started by foreign government
- A single company established in different countries
- A company started jointly by India and U.S.
- None of the above
Ans:- A single company established in different countries.
Q4:- Internal profit :-
- Happens when internal trade expands
- Happens when business expands
- Happens in firms when they expand their product.
- None of the above
Ans;- Happens in firms when they expand their product.
Q5:- The best example of capital intensive industry in india :-
- Textile industry
- Tourism industry
- Steel industry
- None of the above
Ans:- Steel industry
Q6:- The removal of prohibition and hindrance by government is called:-
- Globalization
- Privatization
- Liberalization
- None of the above
Ans:- Liberalization
Q7:- In a economy “Development Stage” means:-
- Starting of steadily increasing economy.
- Bad economy.
- Both 1&2
- None of the above
Ans:- Starting of steadily increasing economy.
Q8:- World Bank is also called as:-
- International Bank for Reconstruction and development.
- International rehabilation and development bank
- None of the above
Ans:- International Bank for Reconstruction and development.
Q9:- which among of the following is not a positive sign for any industry:-
- Decrease in profit
- Decrease in market
- Decrease in demand
- None of the above
Ans:- Decrease in profit
Q10:- The capital of IMF is made up by the contribution of:-
- Credit
- Deficit financing
- Member Nations
- Borrowings
Ans:- Member Nations
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