JOIN ADRE 2.0 Telegram Group

Economics Questions and Answers for Competitive Exams | Indian Economy Quiz Set 9

Questions
1 Who amongst the following made the following statement ? “The Table of nature is laid for the few. Those who come uninvited will starve”
1 Julius Simon
2 E. Boserup
3 T.W. Malthus
4 H. Dalton

Answer:T.W. Malthus
2 Which of the following is not part of a life - table ?
1 It shows age - specific death rate
2 Age - specific life expectancy can be estimated
3 Probability of surviving at particular year of age can be estimated
4 Age - specific birth rate can be estimated

Answer: Age - specific birth rate can be estimated
Advertisement
Article and Schedule Quiz Start Test!

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

3 Pollution is an example of Market failure because :
1 The market price is less than the efficient price
2 The market price is higher than the efficient price
3 Property rights are poorly distributed
4 Those who suffer from pollution are compensated outside the market

Answer:The market price is less than the efficient price
4 “For goods that are unrelated in consumption, efficiency requires that tax rates be inversely proportional to elasticity of demand”. This is the definition of :
1 The benefits - received principle
2 The second best principle
3 The inverse elasticity rule
4 The Ramsey Rule

Answer: The Ramsey Rule
5 A forward - shifted tax will affect :
1 Buyers and Sellers equally
2 Sellers more than buyers
3 government revenue negatively
4 Buyers more than sellers

Answer: Buyers more than sellers
6 The case for progressive tax rates rests on :
1 Benefits received
2 Cost of service
3 Ability to pay
4 None of the above

Answer:Ability to pay
7 Primary deficit is measured by :
1 Fiscal deficit − interest payments
2 Budget deficit − interest payments
3 Budget deficit + total borrowings
4 Total Revenue expenditure −total revenue receipts

Answer:Fiscal deficit − interest payments
8 Which organisation in India has been given the responsibility to monitor the progress of sustainable development goals ?
1 Reserve Bank of India
2 Central Statistical Office
3 NITI Aayog
4 National Sample Survey office

Answer:NITI Aayog
9 Which of the following does not come under Small Savings Schemes as per Government of India ?
1 Post office deposits
2 Public Provident Fund
3 Jan Dhan Accounts
4 Sukanya Samiridhi Yojana

Answer: Jan Dhan Accounts
10 Which one of the following schemes provide upto ` 2 lacs accidental death Insurance to the people in the age group of 18 - 70 years ?
1 Atal Pension Yojna
2 Pradhan Mantri Jeevan Jyoti Bima Yojna
3 Pradhan Mantri Suraksha Bima Yojna
4 Atal Jeevan Beema Yojna

Answer:Pradhan Mantri Suraksha Bima Yojna
11 An entrepreneur’s short - run total cost function is C=q3−10q2+17q+66. If p=5 the output at which profit is maximised by this entrepreneur is :
1 7
2 6
3 5
4 2/3

Answer:7
12 The production function in Input - Output Analysis propounded by W.W. Leontief has implied the value of elasticity of substitution between inputs as :
1 One
2 Zero
3 Constant
4 Infinity

Answer:Infinity
13 For a Demand Function p=16−q−0.5q2 the price elasticity of demand at q=4 is :
1 +0.5
2 +0.2
3 +0.7
4 +0.3

Answer:+0.7
14 Cobb - Douglas production function Q=ALAK1−A(a>0) is not characterised by :
1 Constant returns to scale
2 Unit elasticity of substitution
3 Variable elasticity of substitution
4 Linear homogeneity

Answer:Constant returns to scale
15 For samples of size greater than 30, the sampling distribution of the rank correlation coefficient is approximately which distribution :
1 t
2 Binomial
3 Chi - square
4 Normal

Answer:t

View All Economics Practice Test Sets

ADRE 2.0 FULL LENGTH MOCK TEST

Take Mock Tests

Missiles Mock Test Start Test!
SSC MTS Mock Test Start Test
IBPS CLERK MOCK TEST Start Test
SSC MTS 2022 JULY 26 Shift 1 (ENGLISH) Start Test!
SSC GD Previous Year Paper 2021 Nov 17 Shift - I (Hindi) Start Test!
SSC CGL Tier - 1 PYP 2022 April 21 Shift- 1 (ENGLISH) Start Test!
MPSC PAPER I MOCK TEST 1 (ENGLISH) Start Test!
IB Security Assistant Mock test 1 (english) Start Test!
UP POLICE CONSTABLE MOCK TEST 1 Start Test!
DELHI POLICE CONSTABLE MOCK TEST 1 (HINDI) Start Test!
Advertisement
Assam Direct Recruitment Test Series