General Knowledge : Economics QUESTIONS AND ANSWERS :: part5 : 36 to 40
Following General Knowledge Multiple choice objective type questions and answers will help you in TRB, SSC and UPSC 2024 examinations :
36.According to Marx, Socialism is |
| a stage of historical evolution where state exists no linger |
| a transitional stage in the evolution of econimical systems |
| a stage on which capital is privately owned but distribution of product is according to need. |
| the final result of class struggle |
37.National Product at market prices is higher than National Product at Factor Cost by the amount of |
| indirect taxes |
| subsidies |
| indirect taxes minus subsidies |
| indirect taxes plus subsidies |
38.On which of the following goods, emphasis has been laid in our plans ? |
| Consumers goods |
| Producers goods |
| Substitutes for foreign goods |
| None of these |
39.The term Utility means |
| Usefulness of a commodity |
| The satisfaction which a commodity yields |
| The service which a commodity is capable of rendering |
| None of these |
40.Laissez faire is characterised by which of the following features ?1. Too much of State control2. Co-existence of public and private sectors3. Open and frank discussions4. General principle of non interference |
| 1 only |
| 2 and 3 |
| 2, 3 and 4 |
| 4 only |
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