General Knowledge MCQs & Hindi GK Quizzes

Question #69283

The excess of price – a person is to pay rather than forego the consumption of the commodity is called?

A Price

B Profit

C Producer’s surplus

D Consumer’s surplus

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सही उत्तर: 3

Question #69282

‘Economics is what it ought to be’. This statement refers to?

A Normative Economics

B Positive Economics

C Monetary Economics

D Fiscal Economics

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Question #69281

The term ‘Micro Economics’ and ‘Macro Economics’ were coined by?

A Alfred Marshall

B Ranger Nurkse

C Ranger Frisch

D J.M. Keynes

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Question #69280

A ‘want’ becomes a ‘demand’ only when it is backed by the?

A Ability to purchase

B Necessity to buy

C Desire to buy

D Utility of the product

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Question #69279

Which one of the following would NOT constitute an economic activity?

A A teacher teaching students in his class

B A teacher teaching students under Sarve Shiksha Abhiyan

C A teacher providing consultancy services from his residence

D A teacher teaching his own daughter at home

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सही उत्तर: 4

Question #69278

Labour intensive technique would get choose in a?

A Labour surplus economy

B Capital surplus economy

C Developed economy

D Developing economy

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Question #69277

Which from the following is NOT true when the interest rate in the economy goes up?

A Saving increases

B Lending decreases

C Cost of production increases

D Return on capital increases

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सही उत्तर: 4

Question #69276

Surplus earned by a factor other than land in the short period is referred to as?

A Economic rent

B Net rent

C Quasi-rent

D Super-normal rent

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Question #69275

Opportunity cost of production of a commodity is?

A The cost that the firm could have incurred when a different technique was adopted

B The cost that the firm could have incurred under a different method of production

C The actual cost incurred

D The next best alternative output sacrificed

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Question #69274

Nobel prize winning Indian Amartya Sen is known for his work in which area?

A Physics

B Environmental protection

C Chemistry

D Economics

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सही उत्तर: 4