GK-Economics MCQ Questions and Answers

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Q1
The concept of ‘costing margin’ in the pricing theory was introduced by?
  • A Andrews
  • B Baumol
  • C Cournot
  • D Williamson
Answer: Option B
Q2
Four heads of expenditure of the Union Budget 2009 -10 are given below— 1. Plan expenditure 2. Non-plan expenditure 3. Revenue expenditure 4. Capital expenditure Arrange the expenditure heads in descending order using the codes given below
  • A 2,3,4,1
  • B 3,4,2, 1
  • C 3,2,1,4
  • D 2,1,4,3
Answer: Option C
Q3
In the year 2007-08 the per capita NNP at current prices was?
  • A More than Rs. 20,000
  • B More than Rs. 30,000
  • C More than Rs. 40,000
  • D More than Rs. 50,000
Answer: Option B
Q4
Mathematics was first used economic theory by?
  • A Weiser
  • B Walras
  • C Cournot
  • D Pigou
Answer: Option A
Q5
India’s foreign exchange rate system is?
  • A Free float
  • B Managed float
  • C Fixed
  • D Fixed target of band
Answer: Option B
Q6
The terms ‘NEER’ and ‘REER’ are related with?
  • A Foreign exchange rate
  • B External economic resources:
  • C National and regional economic equality
  • D Environmental regulation
Answer: Option A
Q7
For the calculation of percentile, the data should be arranged in?
  • A Ascending order
  • B Descending order
  • C Random order
  • D Either random or descending order
Answer: Option A
Q8
As per BASEL-II norms, a bank’s capital to risk weighted assets ratio (CRAR) should be at least?
  • A 8%
  • B 10%
  • C 12%
  • D 14%
Answer: Option C
Q9
The shape of a frequency curve cannot be?
  • A U-shaped
  • B V Shaped
  • C J-shaped
  • D S-shaped
Answer: Option D
Q10
According to the Planning Cornmission, for infrastructure development during Eleventh Five Year Plan, the required investment is?
  • A Approximately $ 250 billion
  • B Approximately $ 500 billion
  • C Approximately $ 750 billion
  • D Approximately $ 1000 billion
Answer: Option B
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