
General Knowledge : Economics QUESTIONS AND ANSWERS :: part5 : 1 to 5
Following General Knowledge Multiple choice objective type questions and answers will help you in TRB, SSC and UPSC 2024 examinations :
1.Marxism is a movement of anti - exploitation. It accepts certain principles. Which of the following principles is correct ? |
| Private ownership and control of key industries |
| Social ownership of means of production and just distribution of suplus. |
| Liberal democracy |
| To give the incentive of private profit |
2.Which of the following statement is/are true of Socialism ?1. Socialism mans the common ownership and use of all the vital instruments of production.2. Socialism advocates the abolition of large - scale production.3. Socialism is the child of Industires Revolution. |
| 1 only |
| 3 only |
| 1 and 2 |
| 1 and 3 |
3.Which of the following is sociologically apt in describing the relations between the capitalists and workers ? |
| Competition |
| Mutual tolerence |
| Harmony |
| Conflicit of intersets |
4.Plan expenditure in India is met from |
| Internal borrowing and other measures |
| External aid from other countries |
| External aid from IMF |
| External aid and assistance from OECD countries |
5.Seasonal unemployment refers to |
| Banks |
| Agriculture |
| Public Sector |
| Private Sector |
More Economics QUESTIONS AND ANSWERS available in next pages
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