General Awareness Quiz – Economics
General Awareness Quiz Set 78 for SSC CGL, SSC CHSL and Railways exams. Economics Quiz for SSC CGL, SSC CHSL, Railways etc.
Topic: Economics
- Which one of the following is correct for a normal distribution
(a) Standard deviation is maximum
(b) Quartire deviation is maximum
(c) Mean deviation is maximum
(d) Quartile deviation, standard deviation and mean deviation are equal
- Which of the following is not a central problem of an economy?
(a) What to produce
(b) How to produce
(c) For whom to produce
(d) Where to produce
- Who amongst the following is known as the father of modern economics
(a) Thomas Robert Malthus
(b) Francois Quesnay
(c) Adam Smith
(d) David Ricardo
- With which of the following name is the critical minimum effort theory is associated with?
(a) W A Lewis
(b) D Ricardo
(c) H Leibenstein
(d) A D Hirschman
- The “Absorption Approach” analysing the effects of devaluation has been developed by
(a) C P Kindleberger
(b) B Soderston
(c) T M Rybezynski
(d) Sidney Alexander
- By whom was the Physical Quality of Life Index calculated for the first time?
(a) A Lewis
(b) P Samuelson
(c) Morris D Morris
(d) E E Hagen
- Which of the following is true when the nominal GDP is equal to real GDP
(a) The GDP deflator is equal to zero
(b) The GDP deflator is equal to one
(c) The GDP deflator is less than one
(d) None of the above
- The National Income is equal to
(a) Net National Product + Tax
(b) Net National Product – Indirect Tax + Subsidies
(c) Net National Product – Direct Tax + Subsidies
(d) Gross National Product — Subsidies + Tax
- Which of the following is the difference between gross domestic product and net domestic product?
(a) Transfer payments
(b) Indirect taxes
(c) Subsidies
(d) Depreciation cost
- In macroeconomics disposable income refers to
(a) Income after taxes and transfers
(b) After – tax income
(c) Income spend on consumer durable items
(d) Income over and above cost of necessities