Economics MCQ Question and Answer
Economics MCQ Question and Answer
101. Rent will be produced at that time when ?
- Entire land is fertile
- Elasticity of supply of land is perfectly elastic
- Land is mobile
- None of the above
102. The Example of derived demand is—
- Demand for labour
- Demand for tea
- Demand for consumable commodity
- Income demand
103. Which of the following is an active factor of production ?
- Land
- Labour
- Capital
- Organisation
104. Who developed the innovation theory of profit ?
- Shumpeter
- Haley
- Prof. Knight
- Karl Marx
105. When the rate of money inflation increase then the prices of commodities ?
- Increase
- Decrease
- Remain constant
- Do not change
106. In common meaning, inflation is a condition in which—
- Price of commodity increases
- Value of money decreases
- Price of commodity and value of money both increase
- Price of commodity increases and value of money decreases
107. According to Keynes, real inflation takes place—
- Before the level of full employment
- On the level of full employment
- After the level of full employment
- All above are true
108. Which is the main reason of demand pull inflation ?
- Increase in money supply
- Increase in commercial expenditure
- Increase in foreign demand for goods
- All of the above
109. The reason for cost push inflation is—
- Increase in money wages
- Increase in rate of profit
- Both of above
- None of the above
110. What is necessary to control cost push inflation ?
- To impose control on wages of labour
- To remove market imperfections
- Both of the above
- None of the above