Economics QUESTIONS AND ANSWERS

General Knowledge : Economics QUESTIONS AND ANSWERS :: part5 : 26 to 30

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

26.The term ""Social Costs"" refers to the costs

of training labour force in a socciety

of providing housing, health and sanitation

which are shifted by the producers onto society as a whole

which are incurred in satisfying societys nees for basic goods is food, clothes, houses

27.In capiralism, the price of a commodity is determined by

Production unit

Consumers of the product

Share holders of the production unit

Market mechanism

28.The probable action during the transitional period between Capitalism and Socialism is

International movement

Inevitability of violence

Classless society

Dictatorship of the Proletariat

29.Who is called the ""Father of Economics"" ?

Max Muller

Karl Marx

Adam Smith

None of these

30.Which of the following is not associated with Socialism

Communism

Fascism

Fabianism

Syndicalism

More Economics QUESTIONS AND ANSWERS available in next pages

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

Failure defeats losers, failure inspires winners.-Robert T. Kiyosaki

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