Economics MCQ

Which of the following is the real indicator of economic development?

• Less than 100

• More than 100

• 100

• Zero

What is the type of inflation when government controls inflation via rules for laws?

• Suppressed

• Open

• Galloping

• Hidden

Economics development is the ........... Of economic growth.

• Cause

• Result

• Means

• End

What amount of rupees are decided by Tendulkar committee in year 2011 - 12 for deciding poverty line in Urban areas?

• ₹816

• ₹916

• ₹1000

• ₹2000

What is a Central Bank?

• A Private Bank

• An Apex Bank

• A Cooperative Bank

• A foreign bank

How much was India's population in the year 2011?

• 36.1 Crores

• 54.8 Crores

• 121.02 Crores

• 23.8 Crores

Compulsory Nature of unemployment is seen in which context of labour supply?

• Active

• Passive

• Children

• Elder's

What is balance of trade?

• Balance of current account

• Balance of capital account

• Balance of merchandise Trade

• Balance of service trade

Which type of production technique increases unemployment?

• Labour intensive

• Capital intensive

• Agriculture Oriented

• Education orientated

In which year was economic reform introduced in India?

• 1990

• 1991

• 1999

• 2008