Economics MCQ Questions and Answers

Practice Mode
Showing 10 of 146 questions
Q101
Rent will be produced at that time when ?
  • A Entire land is fertile
  • B Elasticity of supply of land is perfectly elastic
  • C Land is mobile
  • D None of the above
Answer: Option D
Q102
The Example of derived demand is-
  • A Demand for labour
  • B Demand for tea
  • C Demand for consumable commodity
  • D Income demand
Answer: Option A
Q103
Which of the following is an active factor of production ?
  • A Land
  • B Labour
  • C Capital
  • D Organisation
Answer: Option B
Q104
Who developed the innovation theory of profit ?
  • A Shumpeter
  • B Haley
  • C Prof. Knight
  • D Karl Marx
Answer: Option A
Q105
When the rate of money inflation increase then the prices of commodities ?
  • A Increase
  • B Decrease
  • C Remain constant
  • D Do not change
Answer: Option A
Q106
In common meaning, inflation is a condition in which-
  • A Price of commodity increases
  • B Value of money decreases
  • C Price of commodity and value of money both increase
  • D Price of commodity increases and value of money decreases
Answer: Option D
Q107
According to Keynes, real inflation takes place-
  • A Before the level of full employment
  • B On the level of full employment
  • C After the level of full employment
  • D All above are true
Answer: Option C
Q108
Which is the main reason of demand pull inflation ?
  • A Increase in money supply
  • B Increase in commercial expenditure
  • C Increase in foreign demand for goods
  • D All of the above
Answer: Option D
Q109
The reason for cost push inflation is-
  • A Increase in money wages
  • B Increase in rate of profit
  • C Both of above
  • D None of the above
Answer: Option C
Q110
What is necessary to control cost push inflation ?
  • A To impose control on wages of labour
  • B To remove market imperfections
  • C Both of the above
  • D None of the above
Answer: Option C

📚 More from Economics

← All Topics 🎯 Practice ⏱️ Take Test 🔍 Search
Economics
Back to Economics
Other Subjects
Questions and Answers for Competitive Exams Various Entrance Test