General Awareness Quiz – Economics
General Awareness Quiz Set 61 for SSC CGL, SSC CHSL and Railways exams. Economics Quiz for SSC CGL, SSC CHSL, Railways etc.
Topic: Economics
- The income of Indians working abroad are a part of?
A) Domestic Income of India
B) Income Earned from Abroad
C) Gross Domestic Product of India
D) Net Domestic Product of India
- Cross demands expresses the functional relationship between
A) Demand and Income.
B) Demand and prices of related Commodities.
C) Demand and Supply.
D) Demand and Prices.
- Production of a commodity mostly through the natural process is an activity of?
A) Secondary Sector
B) Technology Sector
C) Tertiary Sector
D) Primary Sector
- The Law of Demand is based on?
A) Supplier’s Preferences
B) Consumer’s Preferences
C) Manufacturer’s Preference
D) Supplier’s Preferences
- Which of the following is not the method of computing GNP?
A) Expenditure Approach
B) Income Approach
C) Value Added Approach
D) Saving Approach
- The equilibrium of a firm under perfect competition will be determined when?
A) Marginal Revenue >Average Revenue.
B) Marginal Revenue > Average Cost.
C) Marginal Revenue <Average Revenue.
D) Marginal Revenue = MarginalCost.
- Expenditure on advertisement and public relations by an enterprise is a part of its?
A) Consumption of Fixed Capital
B) Final Consumption Expenditure
C) Intermediate Consumption
D) Fixed Capital
- Elasticity of demand with respect to price is?
A) (% change in Demand) /(% change in Price)
B) (% change in Price) /(% change in Demand)
C) (% change in Supply) /(% change in Price)
D) (% change in Demand) /(% change in Supply )
- Dumping is a form of price discrimination at?
A) National Level
B) International Level
C) Within Industry
D) Local Level
- The basic object of all production is to?
A) Increase Physical Output
B) Make Profits
C) Provide Employment
D) Satisfy Human wants