MCQs on Economics -24

1. The Durbin-Watson test is used for?
(A) Autocorrelation
(B) Multiple correlation
(C) Partial correlation
(D) Simple correlation


2. The following Industrial Policy Resolution is known as the Economic Constitution of India?
(A) Industrial Policy, 1948
(B) Industrial Policy, 1956
(C) Industrial Policy, 1980
(D) Industrial Policy, 1991


3. Under the second degree of price discrimination in discriminating monopoly, the buyers are divided into?
(A) One single group only of all buyers
(B) Two groups only of all buyers
(C) Many groups of buyers according to their demand
(D) Number of groups which is equal to number of buyers



4.If an economy is purely competitive static economy, then the economic profit will be?
(A)Minimum
(B) Maximum
(C)Zero
(D) Negative



5.Who is known as the „Architect‟ of Indian Planning?
(A) Dadabhai Naoroji
(B) M. Visvesaraia
(C) P. C. Mahalanobis
(D) Ardeshir Dalal



6. The entertainment tax in India was first introduced in the State of?
(A)Bengal
(B) Bihar
(C) Rajasthan
(D) Maharashtra



7. The Laffer curve shows the relationship between?
(A) Per capita income and environmental pollution
(B) Rate of unemployment and rate of inflation
(C) Tax rate and tax revenue
(D) Economic growth and income inequality



8. The shape of the indifference curve indicates?
(A) Income of the consume
(B) Taste of the consumer
(C) Prices of the commodities
(D) Quality of the commodities



9. Which of the following has highest quantitative value in a positively skewed distribution?
(A)Mean
(B) Median
(C)Mode
(D) First quartile


10. Which of the following is also known as mixed sample?
(A) Systematic sample
(B) Stratified sample
(C) Random sample
(D) Multi-stage sample



11.According to Harvey Leibenstein, two types of incentives work in under-developed countries?
(A) Positive-sum incentives and Negative-sum incentives
(B) Zero-sum incentives and negative-sum incentives
(C) Positive-sum incentives and Multiple-sum incentives
(D) Zero-sum intcentives and Positive-sum incentives



12. During recent past, the highest GDP growth rate has been achieved in the year?
(A)2005-06
(B) 2006-07
(C)2007-08
(D) 2008-09



13 A factor of production is used by a producer at that stage where the marginal production of the factor is?
(A) Increasing, but positive
(B) Increasing, but negative
(C) Decreasing, but positive
(D) Decreasing, but negative



14. The doctrine of consumer‟s surplus is based on?
(A) Indifference curve analysis
(B) Revealed preference analysis
(C) Law of substitution
(D) Law of diminishing marginal utility 



15. If two regression lines are perpendicular to each other, the correlation coefficient will be?
(A)+1
(B) —1
(C)Zero
(D) Indetermined

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3 comments:

  1. Thanks for sharing this topic with us.

    ReplyDelete
  2. Economics is a subject that requires a lot of practice if you want to score well in exams. Most of the students focus only on their preparation they forget to do tests and practice for the exam. My best strategy for scoring well in the exam is attempting a lot of MCQs before my exams. It is an interesting way of practice

    ReplyDelete
  3. Answers are wrong... Ques 5,6 ...and many more ques..provide correct answers

    ReplyDelete

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