Home > General Knowledge > Economics

Economics - Questions and Answers

Practice questions on Economics.

Ready to test your skills?

Take a timed mock test specifically for Economics.

Start Mock Test
376. The Gandian economy is based on the principle of
A. competition
B. trusteeship
C. State control
D. None of these
Explanation:
377. The basic characteristic of oligopoly is
A. A few sellers, a few buyers
B. a few sellers, many buyers
C. A few sellers, one buyer
D. Many sellers, a few buyers
Explanation:
378. Black money is
A. counterfeit currency
B. illegally earned money
C. money earned through underhand deals
D. income on which payment of tax is usually evaded
Explanation:
379. ""Globalisation of Indian Economy"" means
A. Stepping up external borrowings
B. establishing Indian business units abroad
C. having minimum possible restrictions on economic relations with other countries.
D. giving up programmes of import substitution
Explanation:
380. According to J.M. Keynes, in developed countries unemployment results from lack of
A. raw materials
B. financial resources
C. jobs
D. effective demand
Explanation:
« Prev123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135136137138139140141142143144145146147148149150151152153154155156157Next »