Economics – Multiple Choice Questions (MCQ) with Answers
73-Which five year plan in India gave emphasis on Co-operative Federalism?
- Ninth five year plan
- Tenth five year plan
- Eleventh five year plan
- Twelfth five year plan
(Ans: a)
74-Which Five year plan in India had ‘poverty alleviation’ as one of its objectives?
- First five year plan
- Third five year plan
- Fifth five year plan
- Seventh five year plan
(Ans: c)
75-Who has contributed the modem theory of interest rate determination?
- Paul A. Samuelson
- Gunnar Myrdal
- Knut Wicksell
- J.R. Hicks
(Ans: d)
76-Whose name is associated with the “Uncertainty-bearing theory of profit”?
- J. Schumpeter
- F.H. Knight
- J.B. Clark
- F.W. Watker
(Ans: b)
77-Who has sought to measure Consumer’s Surplus with the help of indifference curve technique?
- Alfred Marshall
- Edgeworth
- J.R. Hick
- Pareto
(Ans: c)
78-Who among the following has given the modem theory of distribution?
- Nicholas Kaldor
- Wicksteed
- David Ricardo
- Mrs. Joan Robinson
(Ans: a)
79-ln a free enterprise economy, which among the following are the determinants of Investment?
- Rate of interest
- Marginal efficiency of capital
- Both A and B
- None of the above
(Ans: c)
80- _____ factors determine the position and slope of consumption curve.
- Objective
- Subjective
- Both A and B
- None of the above
(Ans: b)
81-Keynes believed that the equality between savings and investment is brought about by:
- Rate of interest
- Changes in income
- Availability of capital
- Marginal efficiency of investment
(Ans: b)
82-Which among the following is NOT an assumption of Pareto optimality?
- Every consumer wishes to maximize his level of satisfaction.
- All the factors of production are used in the production of every commodity.
- Conditions of perfect competition exist making all the factors of production perfectly mobile
- The concept of utility is cardinal and cardinal utility function of every consumer is given.
(Ans: d)
83-“Money is a matter of functions four, a medium, a measure, a standard and _______”. What is the fourth function of money indicated in this popular phrase?
- A stock
- A flow
- A store
- A payment
(Ans: c)
84-Which of the following measure of the high-power money supply (H) has been used by RBI of India
- Currency held by the public + Other deposits with the RBI
- Cash reserves of the commercial banks + Other deposits with the RBI
- Currency held by the public + cash reserves of the commercial banks + other deposits with the RBI
- Currency held by the public + cash reserves of the commercial banks + Time deposits of the commercial banks + other deposits with the RBI
(Ans: c)