Economics Multiple Choice Questions and Answers

ssc preparation, important competetion questions, current affairs of india, latest question asked in competetion papers,

Question: 1

Who is the author of the book ‘Wealth of nations’?

Adam Smith

Question: 2

Whose definition of economics is general in nature?

Samuelson

Question: 3

Give two examples for social science?

Economics and History

Question: 4

What deals with all aspects of society?

Sociology

Question: 5

Who defined economics as, “Economics is the science of wealth”?

Adam Smith

Question: 6

Who advocated inductive method in scientific enquiry?

Francis Bacon

Question: 7

Whose definition of economics studies two sides?

Alfred Marshall

Question: 8

What is the other name for economics?

Political economy

Question: 9

What are the two kinds of income?

Money and Real income

Question: 10

What are the kinds of utility in production?

Form, Place and Time utility

Question: 11

Who gave the welfare definition of economics?

Alfred Marshall

Question: 12

What is the other name of capital goods?

Investment goods or Producer goods

Question: 13

What is the aim of production?

Creation of wealth

Question: 14

Who defined economic as “the practical science of the production and distribution of wealth”?

J.S. Mill

Question: 15

Give two commodities that are traded in international market?

Steel, Cotton, Sugar and Tea

Question: 16

Which term used by the early writes management of the state?

Political Economy

Question: 17

Who gave the theory of evolution?

Darwin

Question: 18

Who is the father of economics?

Adam Smith

Question: 19

Can production is possible without use of factors of production?

No

Question: 20

What are the kinds of statements on economics?

Positive and Normative

Comments

Post a Comment

Popular From Month

National symbols of India

ssc preparation, important competetion questions, current affairs of india, latest question asked in competetion papers, National symbols of India Pdf - Dear readers, here we are providing National Symbols of India ( Static GK ) i.e. National Flag of India, National Emblem, National Anthem, National Song, National Currency, National Pledge, National River, National Animal, National Bird, National Flower, National Fruit, National Tree, National Game, National calendar, National Heritage Animal, National Aquatic Animal of India. National symbols of India Pdf National Flag of India The National Flag of India is a horizontal rectangular  Tri Colour  of Saffron, White and Green with Ashok Chakra (Navy blue wheel with twenty-four spokes) in the middle. National Flag of India designed by Pingali Venkayya National Emblem of India National Emblem of India is an adaptation of the Lion Capital of Ashoka Pillar at Sarnath, Uttar Pradesh on 26 January 1950. The four lions stand...
Read more

list of pm with time period

ssc preparation, important competetion questions, current affairs of india, latest question asked in competetion papers, Jawaharlal Nehru  (1947–64) Gulzarilal Nanda  (1964; 1st time) Lal Bahadur Shastri  (1964–66) Gulzarilal Nanda  (1966; 2nd time) Indira Gandhi  (1966–77; 1st time) Morarji Desai  (1977–79) Charan Singh  (1979–80) Indira Gandhi  (1980–84; 2nd time) Rajiv Gandhi  (1984–89) V.P. Singh  (1989–90) Chandra Shekhar  (1990–91) P.V. Narasimha Rao  (1991–96) Atal Bihari Vajpayee  (1996; 1st time) H.D. Deve Gowda (1996–97) Inder K. Gujral (1997–98) Atal Bihari Vajpayee  (1998–2004; 2nd time) Manmohan Singh  (2004–14) Narendra Modi  (2014– )
Read more

Oaths and Resignations

ssc preparation, important competetion questions, current affairs of india, latest question asked in competetion papers, Oaths and Resignations ################# ●●Oath of Office ●● 1. President– Chief Justice of India or in his absence the seniormost Judge of Supreme Court. 2. Vice President– President or some person appointed in that behalf by the President. 3. Judge of Supreme Court –President or some person appointed in that behalf by the President. 4. Governor– Chief Justice of High Court or in his absence senior most Judge of that court. 5. Minister in Union Council of Ministers –President 6. Comptroller & Auditor General –President or some person appointed in that behalf by the President. 7. Member of Parliament –President or some person appointed in that behalf by the President. 8. Member of Legislature of State –Governor or some person appointed in that behalf by the Governor. 9. Minister in State Council of Ministers –Governor 10. Judge of High Court– Govern...
Read more

20 Most Important Question of India GK General Knowledge

ssc preparation, important competetion questions, current affairs of india, latest question asked in competetion papers, Let us begin with our first question . Question 1. Earth Day is celebrated on which date? Ans :  22 nd  April Question 2 . The next question is Which day is remembered as Hiroshima day? Ans :   6 August Question 3. Our next question for today is What was the main reason for starting Quit India movement in 1942 ? Ans: Failure of Cripps Mission Question 4. The next question is How many lions are visible on National Emblem of India? Ans: Three Question 5 . The next question is Lord Buddha attained Nirvana at which place? Ans: Kusinagara Question 6 .The next question is Namdapha wildlife sanctuary is located in which Indian state ? Ans: Arunachal Pradesh Question 7. Our next question for Indian GK is Panchmarhi Biosphere reserve is located in which state?  Ans: Madhya Pradesh Question 8 . The...
Read more

List of Former Chairmen of the UPSC

Image
List of Former Chairmen of the UPSC The Union Public Service Commission (UPSC) is the central recruiting agency in India. It is an independent constitutional body. Articles 315 to 323 in the Part XIV of the Constitution contain elaborate provisions regarding the composition of the UPSC. UPSC is consists of the Chairman and the members appointed by the President of the India. Chairman and the members of the UPSC hold the office for a term of 6 years or till the age of 65 years. The Union Public Service Commission (UPSC) is the central recruiting agency in India. It is an independent constitutional body.  Articles 315 to 323 in Part XIV of the constitution  contain elaborate provisions regarding the composition of the UPSC. UPSC is consists of the Chairman and the members appointed by the President of India. The Chairman and the members of the UPSC hold the office for a  term of 6 years or till the age of 65 years. Sir Ross Barker was the first Chairman of the UPSC,  w...
Read more

The Hindu Vocabulary For All Competitive Exams | 06-09-2020

ЁЯФ░The Hindu Vocabulary For All Competitive Exams | 06-09-2020 ЁЯФ░  1. EFFICACY (NOUN): (рдк्рд░рднाрд╡рдХाрд░िрддा): effectiveness  Synonyms: success, potency  Antonyms: inefficacy  Example Sentence:  There is little information on the efficacy of this treatment.  2. EVADE (VERB): (рдмрдЪрдиा): elude  Synonyms: avoid, dodge  Antonyms: confront  Example Sentence:  His friends helped him to evade capture for a time.  3. RESUMPTION (NOUN): (рдкुрдирд░ाрд░ंрдн): restart  Synonyms: restarting, reopening  Antonyms: suspension  Example Sentence:  The rain has stopped, but we're still waiting for the resumption of the game.  4. RETROSPECTIVE (ADJECTIVE): (рдкूрд░्рд╡рдк्рд░рднाрд╡ी): backdated  Synonyms: retroactive, ex post facto  Antonyms: prospective  Example Sentence:  Our survey was meant to be retrospective in all aspects.  5. GRASP (VERB): (рд▓ाрдн рдЙрдаाрдиा): take advantage of  Synonyms: act on, seize  Antonyms: miss  Ex...
Read more

Daily CA One Liners , 14 September 2020

ЁЯУ░ Daily CA One Liners ,  ЁЯУЖ 14 September 2020 . ЁЯСд Raghuraj Rajendran Has Been Appointed As Director In The PMO ЁЯСй Amrapali Kata Has Been Appointed As Deputy Secretary In The PMO ЁЯСд Mangesh Ghildiyal Has Been Appointed As Under Secretary In The PMO ЁЯФ╢ PM Modi Inaugurates 1.75 Lakh Houses Built Under Awaas Yojana Gramin In MP ЁЯФ╢ Felipe Martinez & DianGomes Appointed To AIBA Executive Committee ЁЯСд Felipe Martinez : President Of The Spanish Boxing Federation  ЁЯСд Dian Gomes : President Of The Boxing Federation Of Sri Lanka ✔️ AIBA : International Boxing Association ЁЯСд Vineet Goyal Has Been Appointed As New ADGP Of STF ✔️ STF : Special Task Force ЁЯПЖ Naomi Osaka Beats Victoria Azarenka To Win US Open 2020 Women's Singles Title ЁЯПЖ Dominic Thiem Won US Open 2020 Men's Singles Title ЁЯПЖ Diede De Groot Won The U.S. Open Women’s Wheelchair Singles Title ЁЯФ╢ Vodafone Idea Becomes Co-Presenting Sponsor Of Dream11 IPL 2020 ЁЯПЖ Hindi Film " Josef - Born in Grace " Won The Best Set...
Read more

Important Concepts and Formulas - Logarithm

ssc preparation, important competetion questions, current affairs of india, latest question asked in competetion papers, Important Concepts and Formulas - Logarithm 1. Basics if  y = log b x   , then  b y = x if  y = log b ⁡ x   , then  b y = x where  log b x = y log b ⁡ x = y  = log to the base  b b  of  x x Please note that  b b (base) is a positive real number, other than 1. if  x = b y   , then  log b x = y if  x = b y   , then  log b ⁡ x = y where  log b x = y log b ⁡ x = y  = log to the base  b b  of  x x Please note that  b b (base) is a positive real number, other than 1. Example 16 = 2 4 16 = 2 4  (in this expression, 4 is the power or the exponent or the index and 2 is the base) Hence we can say that  log 2 16 = 4 log 2 ⁡ 16 = 4  (i.e., log to the base 2 of 16 = 4) In other words, both  16 = 2 4 16 = 2 4  and ...
Read more

Current Affairs 29th March 2017

ssc preparation, important competetion questions, current affairs of india, latest question asked in competetion papers, updated : 29-Mar-2017 Current Affairs 29th March 2017  - Important Points Who has been granted with title of  Honorary General of Nepalese Army ? - General Bipin Rawat IAF launched -  Aviation Turbine Fuel Digital Issue and Payment Dr. B. C. Roy National Awards  presented by - President Pranab Mukherjee  United Nations appointed David Beasley to - Run World Food Programme Lionel Messi suspended  for four matches by - FIFA Current Affairs 29th March 2017  - Details Who has been granted with title of  Honorary General of Nepalese Army ? - General Bipin Rawat The Chief of the Army Staff General Bipin Rawat was titled with the Honorary General of the Nepalese Army during his official visit to Nepal and Bangladesh from 28th March 2017 to 2nd April 2017 on 29th March 2017. This tradition began in 1969....
Read more

Important Points about Andhra Pradesh

ssc preparation, important competetion questions, current affairs of india, latest question asked in competetion papers, Important Points about Andhra Pradesh  Situated at the southeastern coast of India, Andhra Pradesh is a state rich in culture, heritage and potential. Here’s more for you to read about Andhra Pradesh: Andhra Pradesh Capital & Imp Cities – Hyderabad – Visakhapatnam, Tirupati, Vijayawada, Nellore, Chittoor, Anantapur, Secunderabad Date of Formation – Carved out of Madras state on 1st October 1953 – Reorganized (Telangana excluded) on 2nd June 2014 Districts 13 Language – Telugu – Urdu Known as/for – Egg bowl of Asia – Kohinoor of India – State with 2nd longest coastline (972 km) Physical characteristics – Consists of coastal regions, plateau, and plains. – Forests in the state can be divided into 4 major biotic provinces: 1. Deccan Plateau – 53% 2. Central Plateau – 35% 3. Eastern Highland -11% 4. East Coastal Plains – 1% Natural vegetation...
Read more