Economics QUESTIONS AND ANSWERS

General Knowledge : Economics QUESTIONS AND ANSWERS :: part5 : 46 to 50

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

46.The book ""Wealth of Nations"" was written by

Eric Roll

J.M. Keynes

Adam Smith

Harold Laski

47.The Indian Wage Policy is most nearly described as being based on

Productivity

Minimum needs

Standard of living

Cost of living

48.The Minimum Needs Programme aims to

provide means for greater machanization fo agriculture

improve the living condition of the poor and also promote their education and health

provide necessary resources by way of refinance to primary lenders

None of these

49.Which of the following would be ""fixed cost"" to a manufacturing firm ?

Raw materials

Replacement of load

Wages

Plant and machinery

50.What is Laissez-faire ?

Mixed economy

Controlled economy

Non - interference of Government in economic affairs

None of these

More Economics QUESTIONS AND ANSWERS available in next pages

Health is the greatest gift, contentment is the greatest wealth -Buddha

If you are not willing to risk the usual you will have to settle for the ordinary- Jim Rohn

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