General Knowledge Questions And Answers :: Economics: part2



General Knowledge : Economics QUESTIONS AND ANSWERS :: part2 : 76 to 80

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

76.Which of the following are the results of low per capita income ?1. Mass poverty 2. Mass unemployment 3. Growing population falls back upon land for earning their livelihood4. Low agricultural productivity

1 and 2
1, 2 and 3
1 only
1, 2, and 4

77.Which of the following interferes least with the allocation of resources in a market which is otherwise accepted as ideal ?

A progressive income tax
A regressive tax
A poll tax
A value added tax

78.Since 1951, in India

National income has increased but per capita income has decreased
National and per capita incomes have both increased fast
National income has increased and per capita income has also increased but at a slower rate
National income and per capita income have increased every year.

79.Who among the following is most benefitted from inflation ?

Government pensioners
Creditors
Saving Bank Account holders
Debtors

80.Fiscal deficit in the Union Budget means

The sum of monestised deficit and budgetory deficit
Net increase in Union Governments borrowings from the Reserve Bank of India
The sum of budgetary deficit and net increase in internal and external borrowings
The difference between current expenditure and current revenue.

More Economics QUESTIONS AND ANSWERS available in next pages

    Health is the greatest gift, contentment is the greatest wealth -Buddha
Trust because you are willing to accept the risk, not because it’s safe or certain