7000+ Economics MCQ Questions and Answers 2024 - 2025 Pdf - 1

Question: 1

‘Dear Money’ from

(A) High rate of interest

(B) Depression

(C) Inflation

(D) Low rate of interest

Ans: A

High rate of interest

Question: 2

Division of labour is promoted by

(A) Limited market

(B) Extended market

(C) Price discrimination

(D) Perfect market

Ans: D

Perfect market

Question: 3

Economic planning refers to

(A) The allocation of resources

(B) The mobilisation of taxes

(C) The planning of manpower

(D) None of these

Ans: A

The allocation of resources

Question: 4

National income is the same as

(A) Net National Product at factor cost

(B) Net National Product at market price

(C) Net Domestic Product at cost factor

(D) Net Domestic Product at market price

Ans: A

Net National Product at factor cost

Question: 5

Which of the following panels examined and suggested tax reforms?

(A) Chelliah Committee

(B) Sawant Committee

(C) Verma Commission

(D) None of these

Ans: A

Chelliah Committee

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