
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
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