General Knowledge Questions And Answers :: Economics: part5



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

    Health is the greatest gift, contentment is the greatest wealth -Buddha
The only place where success comes before work is in the dictionary.- Vidal Sassoon