Top 1,000+ Indian Economy Quiz Questions and Answers 2020-2021 - 2

Question: 6

_____ is the science of counting.

(A) Statistics

(B) Psychology

(C) Ethics

(D) History

Question: 7

In a socialist economy, all decisions regarding production and distribution are taken by _____

(A) Private sector

(B) Market forces

(C) Customs and traditions

(D) Central planning authority

Question: 8

When marginal product is negative, the total product _____

(A) Is lowest

(B) Is maximum

(C) Increases

(D) Decreases

Question: 9

The marginal productivity theory explains any variable factor must obtain a reward equal to its _____

(A) Average product

(B) Total product

(C) Productivity

(D) Marginal product

Question: 10

In the words of _____, “without saving, there can be no liquidity to surrender”.

(A) Marshall

(B) Robbins

(C) Jacob Viner

(D) Keynes