General Awareness Quiz – Economics
General Awareness Quiz Set 65 for SSC CGL, SSC CHSL and Railways exams. Economics Quiz for SSC CGL, SSC CHSL, Railways etc.
Topic: Economics
- Which of the following is Indirect Tax?
A) Capital Gains Tax
B) Wealth Tax
C) Excise Duty
D) Estate Duty
- Taxes on profession can be levied by:
A) State Government
B) By Panchayat
C) Both State and Central Government
D) By Central Government
- Which is not a function of Money?
A) Store of a Value
B) Transfer of a Value
C) Value Measurement
D) Price Stabilisation
- Closed economy means?
A) Country having No Imports and No Exports
B) No Provision for Public Sector
C) Economy Policy not well defined
D) No Provision for Private Sector
- At “Break-Even point” :
A) The Firm is at Zero Profit
B) The Industry is in Equilibrium in the long run
C) The Producer Suffers the Minimum Loss
D) The Seller Earns Maximum Profit
- If a firm is operating at loss in the short period in perfect combination, it should
A) Increase the Production and the Price
B) Decrease the Production and the Price
C) Shut down and Leave the Industry
D) Continue to Operate as long as it covers even the Variable Cost
- Which one of the following represents the Saving of the Private Corporate Sector?
A) Dividends paid to Shareholder
B) Undistributed Profit
C) Total Profits of Company
D) Excess of Income over Expenditure
- Which of the following is not an investment expenditure in Goods and Services?
A) An increase in Business Inventories
B) Expansion of the main plant of a Company
C) Purchase of a House
D) Purchase of Machinery
- The Demand for Labour is called?
A) Market Demand
B) Direct Demand
C) Factory Demand
D) Derived Demand
- Forced Savings refer to
A) Reduction of Consumption consequent to a rise in Price
B) Taxes on Individual Income and Wealth
C) Compulsory Deposit imposed on Income Tax Payers
D) Provident Fund Contribution of private sector employees