TOP 20 QUESTIONS ON ECONOMICS
1. Name the market where there are large number of buyers and sellers of Homogeneous product? A. Monopoly B. Perfect competition C. Monopolistic D. Oligopoly
1. Name the market where there are large number of buyers and sellers of Homogeneous product? A. Monopoly B. Perfect competition C. Monopolistic D. Oligopoly
2. In which market the difference between Industry & Firms disappears? A. Monopolistic B. Perfect competition C. Oligopoly D. Monopoly
2. In which market the difference between Industry & Firms disappears? A. Monopolistic B. Perfect competition C. Oligopoly D. Monopoly
3. Heterogeneous ( वज त य) is a feature of which market? A. Perfect competition B. Monopoly C. Monopolistic D. None of the above
3. Heterogeneous ( वज त य) is a feature of which market? A. Perfect competition B. Monopoly C. Monopolistic D. None of the above
4. Demand curve under perfect competition is- A. Perfectly elastic B. Perfectly Inelastic C. Both A & B correct D. Both A & B in correct
4. Demand curve under perfect competition is- A. Perfectly elastic B. Perfectly Inelastic C. Both A & B correct D. Both A & B in correct
5. When there is exactly two sellers of a good and large number of buyers then that type of market is known as? A. Duopoly B. Oligopoly C. Monopoly D. Monopolistic
5. When there is exactly two sellers of a good and large number of buyers then that type of market is known as? A. Duopoly B. Oligopoly C. Monopoly D. Monopolistic
6. Toothpaste is a product of which type of market form? A. Monopoly B. Oligopoly C. Duopoly D. Monopolistic
6. Toothpaste is a product of which type of market form? A. Monopoly B. Oligopoly C. Duopoly D. Monopolistic
7. Under which market form, firm is a price taker? A. Perfect competition B. Monopoly C. Oligopoly D. Monopolistic
7. Under which market form, firm is a price taker? A. Perfect competition B. Monopoly C. Oligopoly D. Monopolistic
8. Few large Firms collectively decide the level of output and prices and still retain their individual identity. Identity is the type of market? A. Monopoly B. Monopolistic C. Oligopoly D. Perfect competition
8. Few large Firms collectively decide the level of output and prices and still retain their individual identity. Identity is the type of market? A. Monopoly B. Monopolistic C. Oligopoly D. Perfect competition
9. When a producer charges different prices from different customers for the same product and at the same time. Then the firm is exercising? A. Price competition B. Non price competition C. Price discrimination D. None of these
9. When a producer charges different prices from different customers for the same product and at the same time. Then the firm is exercising? A. Price competition B. Non price competition C. Price discrimination D. None of these
10. In which type of market advertising expenses are the least? A. Monopoly B. Monopolistic C. Oligopoly D. Duopoly
10. In which type of market advertising expenses are the least? A. Monopoly B. Monopolistic C. Oligopoly D. Duopoly
11. What is/are the objective of Budget? A. Reallocation of Resources B. Economic stability C. Management of public enterprises D. All of the above
11. What is/are the objective of Budget? A. Reallocation of Resources B. Economic stability C. Management of public enterprises D. All of the above
12. Tax receipt is the part of- A. Revenue receipt B. Capital receipt C. Both are correct D. Both are incorrect
12. Tax receipt is the part of- A. Revenue receipt B. Capital receipt C. Both are correct D. Both are incorrect
13. Which item doesn't fall in the category of direct taxes? A. Income tax B. Property tax C. Service tax D. Corporate tax
13. Which item doesn't fall in the category of direct taxes? A. Income tax B. Property tax C. Service tax D. Corporate tax
14. Subsidies falls in the category of - A. Capital expenditure B. Revenue expenditure C. Capital receipt D. Revenue receipt
14. Subsidies falls in the category of - A. Capital expenditure B. Revenue expenditure C. Capital receipt D. Revenue receipt
15. Which union finance minister of india presented budget most of times? A. R.k. shanmukh shetty B. Pranab mukherjee C. Arun jaitley D. Morar ji desai
15. Which union finance minister of india presented budget most of times? A. R.k. shanmukh shetty B. Pranab mukherjee C. Arun jaitley D. Morar ji desai
16. Ideal fiscal deficit according to economists of country's GDP is- A. 3% B. 2% C. 4%. D. 1%
16. Ideal fiscal deficit according to economists of country's GDP is- A. 3% B. 2% C. 4%. D. 1%
17. In India budget is presented every year on? A. Last day of February B. First day of February C. First day of March D. First day of April
17. In India budget is presented every year on? A. Last day of February B. First day of February C. First day of March D. First day of April
18. When revenue expenditure exceeds revenue receipts the situation is known as? A. Fiscal deficit B. Revenue deficit C. Surplus budget D. Balanced budget
18. When revenue expenditure exceeds revenue receipts the situation is known as? A. Fiscal deficit B. Revenue deficit C. Surplus budget D. Balanced budget
19.When expenditure total exceeds total receipts then the situation is known as? A. Balanced budget B. Surplus budget C. Fiscal deficit D. Primary deficit
19.When expenditure total exceeds total receipts then the situation is known as? A. Balanced budget B. Surplus budget C. Fiscal deficit D. Primary deficit
20. When the receipts do not create any liability to the govt then those receipt belongs to? A. Capital receipt B. Revenue receipt C. Both A & B D. Both A & B are wrong
20. When the receipts do not create any liability to the govt then those receipt belongs to? A. Capital receipt B. Revenue receipt C. Both A & B D. Both A & B are wrong