Economics QUESTIONS AND ANSWERS

General Knowledge : Economics QUESTIONS AND ANSWERS :: part5 : 56 to 60

Following General Knowledge Multiple choice objective type questions and answers will help you in TRB, SSC and UPSC 2024 examinations :

56.Temporary tax levied to obtain additional revenue is called

Cess

Rate

Fee

Surcharge

57.Equilibrium price is that price which

maximises producers profit

equates consumers and producers surplus

maximises consumers satisfaction

equates supply and demand

58.Who advocated the Monistic theory of sovereignty ?

Laski

Austin

Mac lver

J.S. Mill

59.Among the reason for disguised unemployment in rural areas is

high illiteracy rates

low levels of technological development in the country

choice of a heavy industry model for economic development

heavy pressure of population alonf with halfhearted implementation of agrarian reforms

60.Which of the following is true of the quantity theory of money ?

The quantity of money that is in existence determines its supply.

The price level is determined by the supply of and demand for money.

The rate of interest is determined by the supply of and demand for money

None of these

More Economics QUESTIONS AND ANSWERS available in next pages

Health is the greatest gift, contentment is the greatest wealth -Buddha

Innovation distinguishes between a leader and a follower.-Steve Jobs

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