GK-Economics MCQ Questions and Answers
General Knowledge GK Economics MCQ Questions with Answers cover key economic terms and concepts. Common in SSC, UPSC, and Banking exams, these questions improve understanding of financial systems and Indian economic policies
GK-Economics MCQ
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33 questions
21. Where is Indian Diamond Institute (IDI) established ?
- New Delhi
- Mumbai
- Surat
- Jaipur
22. The index of measuring economic development is-
- Increase in productive assets
- National income
- Per-capita income
- Any of the above
23. Whose opinions have revolutionised the scope of macro economics ?
- Adam Smith
- J.B. Say
- J.M. Keynes
- All of the above
24. Which of the following is an economic activity ?
- Teaching of a teacher in the school
- To teach son at home
- To serve her child by mother
- To play football by a student
25. Passive factor of production is-
- Only land
- Only capital
- Both land and capital
- Neither land nor capital
26. Under law of demand-
- Price of commodity is an independent variable
- Quantity demanded is a dependent variable
- Reciprocal relationship is found between price and quantity demanded
- All of the above
28. Utility means-
- Power to satisfy a want
- Usefulness
- Willingness of a person
- Harmfulness
29. Marginal utility is equal to average utility at that time when average utility is-
- Increasing
- Maximum
- Falling
- Minimum