DHS Assam Grade-III Recruitment 2022

Assam Direct Recruitment 2022 Grade-III Mock Test Series

Indian Economy MCQ Set-8

This set contains 10 multiple choice questions. One mark for each correct answer. No negative marking for incorrect answer.

1. Choose the INCORRECT one:

a) Macroeconomics is the study of economic system as a whole. It studies broad aggregates like national income, employment and trade.

b) Micro Economics is a study of behavior of individual units of an economy such as individual consumer, producer etc.

c) Marginal Rate of Transformation is the ratio of units of one good sacrificed to produce one more unit of other good.

d) Increase in supply can cause to increase in demand

Correct! Wrong!

2. Which one is NOT a type of demand?

a) Cross demand

b) Income demand

c) Direct demand

d) Secondary demand

Correct! Wrong!

3. Direct demand is:

a) Demand for tax return made by final consumers to satisfy their needs.

b) Demand for goods and services made by final consumers to satisfy their needs.

c) Demand for govt services made by final consumers to buy new things

d) None of these

Correct! Wrong!

4. Which one of the following is NOT a type of goods?

a) Free goods

b) Giffen goods

c) Normal goods

d) Complementary goods

Correct! Wrong!

5. Which one of the following is NOT a type of market?

a) Monopoly

b) Oilgopoly

c) Secondary market

d) Monopsony

Correct! Wrong!

6. Which is a feature of pure competition in a market?

a) Few numbers of sellers

b) Low cost product

c) Large number of buyers and sellers

d) None of these

Correct! Wrong!

7. Net Domestic Product at market price(mp) is?

a) GDPmp+depreciation

b) GDPmp-depreciation

c) GNPmp+depreciation

d) GNPmp-depreciation

Correct! Wrong!

GDP is gross domestic product, GNP is gross national product

8. Net National Product at market price(mp) is?

a) GNPmp+depreciation

b) GNPmp-depreciation

c) GDPmp-depreciation

d) None of these

Correct! Wrong!

GDP is gross domestic product, GNP is gross national product

9. Which one is correct about Gross National Product(GNP) at market price?

a) GDP+ Net income earned from abroad

b) GDP - Net income earned from abroad

c) PPP + Net income earned from abroad

d) None of these

Correct! Wrong!

10. Net Domestic Product(NDP) at market price is?

a) Net national product - net factor income from abroad

b) Net national product + net factor income from abroad

c) Gross domestic product - net factor income from abroad

d) None of these

Correct! Wrong!

Indian Economy MCQ Set-8

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Indian Economy MCQ Set-8

1. Choose the INCORRECT one:

2. Which one is NOT a type of demand?

3. Direct demand is:

4. Which one of the following is NOT a type of goods?

5. Which one of the following is NOT a type of market?

6. Which is a feature of pure competition in a market?

7. Net Domestic Product at market price(mp) is?

8. Net National Product at market price(mp) is?

9. Which one is correct about Gross National Product(GNP) at market price?

10. Net Domestic Product(NDP) at market price is?

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1. Choose the INCORRECT one:

2. Which one is NOT a type of demand?

3. Direct demand is:

4. Which one of the following is NOT a type of goods?

5. Which one of the following is NOT a type of market?

6. Which is a feature of pure competition in a market?

7. Net Domestic Product at market price(mp) is?

8. Net National Product at market price(mp) is?

9. Which one is correct about Gross National Product(GNP) at market price?

10. Net Domestic Product(NDP) at market price is?

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Leave a Reply Cancel reply

Follow Us

Buy Books @ Discount

Follow AssamONE

Subscribe to Blog via Email

Follow AssamONE

Subscribe to Blog via Email