Economics QUESTIONS AND ANSWERS

General Knowledge : Economics QUESTIONS AND ANSWERS :: part2 : 1 to 5

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

1.The sum of the marginal propensity to consume and the marginal propensity to save must be equal to

disposable income

one

the multiplier

zero

2.Excise Duties are taxes on

sale of commodities

export of commodities

production of commodities

import of commodities

3.Indias wage policy is based on

cost of living

standard of living

productivity

None of these

4.The Largest Public Sector in India is

Central Bank

State Bank of India

Punjab National Bank

Indian Overseas Bank

5.If an economy is in equilibrium at the point where plans to save and to invest are equal, then government expenditure must be

negative

zero

larger than government income

equal to government income

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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