Economics QUESTIONS AND ANSWERS

General Knowledge : Economics QUESTIONS AND ANSWERS :: part5 : 51 to 55

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

51.Which of the following is one of the features of Marxism ?

Dialectic Materialism

Profit motive

Freedom of occuption

Competition

52.The term "" Dumping"" refers to

the sale of a sub - standard commodity

sale in a foreign market of a commodity at a price below marginal cost

sale in a foreign market of a commodity just at marginal cost without too much of profit

smuggling of goods without paying any customs duty

53.""Capital goods"" refer to goods which

serve as a source of raising further capital

help in the further production of goods

directly go into the satisfaction of human wants

find multiple uses

54.Which of the following is the key factor in economic development ?

Efficeint transport

Efficient marketing

Efficient payments

Efficient banking

55.Communism ends in

Plutocracy

World state formation

Dictatorship of the proletariat

None of these

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 itâs safe or certain

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