Economics - Part 1 Online Exam Quiz
Economics - Part 1 GK Quiz. Question and Answers related to Economics - Part 1. MCQ (Multiple Choice Questions with answers about Economics - Part 1
Which one of the following is correct for a normal distribution
Options
A : Standard deviation is maximum
B : Quartire deviation is maximum
C : Mean deviation is maximum
D : Quartile deviation, standard deviation and mean deviation are equal
Which of the following is not a central problem of an economy
Options
A : What to produce
B : How to produce
C : For whom to produce
D : Where to produce
Who is known as the father of modern economics
Options
A : Thomas Robert Malthus
B : Francois Quesnay
C : Adam Smith
D : David Ricardo
The critical minimum effort theory is associated with the name
Options
A : W A Lewis
B : D Ricardo
C : H Leibenstein
D : A D Hirschman
The "Absorption Approach" analysing the effects of devaluation has been developed by
Options
A : C P Kindleberger
B : B Soderston
C : T M Rybezynski
D : Sidney Alexander
The Physical Quality of Life Index was calculated for the first time by
Options
A : A Lewis
B : P Samuelson
C : Morris D Morris
D : E E Hagen
If nominal GDP is equal to real GDP, then
Options
A : The GDP deflator is equal to zero
B : The GDP deflator is equal to one
C : The GDP deflator is less than one
D : None of the above
The National Income is equal to
Options
A : Net National Product + Taxes
B : Net National Product – Indirect Taxes + Subsidies
C : Net National Product – Direct Taxes + Subsidies
D : Gross National Product — Subsidies + Taxes
The difference between gross domestic product and net domestic product equals
Options
A : Transfer payments
B : Indirect taxes
C : Subsidies
D : Depreciation cost
In macroeconomics disposable income refers to
Options
A : Income after taxes and transfers
B : After - tax income
C : Income spend on consumer durable items
D : Income over and above cost of necessities