Economics QUESTIONS AND ANSWERS

General Knowledge : Economics QUESTIONS AND ANSWERS :: part5 : 41 to 45

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

41.The Gandian economy is based on the principle of

competition

trusteeship

State control

None of these

42.The basic characteristic of oligopoly is

A few sellers, a few buyers

a few sellers, many buyers

A few sellers, one buyer

Many sellers, a few buyers

43.Black money is

counterfeit currency

illegally earned money

money earned through underhand deals

income on which payment of tax is usually evaded

44.According to J.M. Keynes, in developed countries unemployment results from lack of

raw materials

financial resources

jobs

effective demand

45.""From each according to his capacity, to each according to his needs"" is

a socialist ideal

a communist ideal

a secular ideal

a democratic ideal

More Economics QUESTIONS AND ANSWERS available in next pages

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

Opportunity is missed by most people because it is dressed in overalls and looks like work.- Thomas Edison

Related Online Test