General Awareness Quiz – Economics
General Awareness Quiz Set 86 for SSC CGL, SSC CHSL and Railways exams. Economics Quiz for SSC CGL, SSC CHSL, Railways etc.
Topic: Economics
- According to Rybczynski theorem, commodity prices should be ___________
(A) Increasing
(B) Decreasing
(C) Constant
(D) Either (A) or (B)
- The shape of the production possibility curve under constant opportunity cost is
(A) Upward sloping
(B) Downward sloping
(C) Straight line
(D) U-Shape
- Which of the following is not a method for redeeming public debt
(A) Capital levy
(B) Grants-in-aid
(C) Sinking fund
(D) Terminal annuities
- The displacement effect hypothesis was formulated by
(A) Dalton
(B) Musgrave
(C) Pigou
(D) Peacock and Wiseman
- The non-exclusion principle is related to
(A) Merit goods
(B) Private goods
(C) Public goods
(D) Mixed goods
- A monopolist will have the equilibrium output of his product where the elasticity of his average revenue curve is
(A) Equal to unity
(B) More than unity
(C) Less than unity
(D) Zero
- “Inflation is unjust and deflation is inexpedient. Of the two, perhaps deflation is the worst.” The above statement was given by
(A) A.C. Pigou
(B) J.R. Hicks
(C) J.M. Keynes
(D) Alfred Marshall
- Cohn and Plehn classified public expenditure on the basis of
(A) Income
(B) Benefit
(C) Revenue
(D) Utility
- Who proposed the zero-based budgeting for the first time
(A) Adam Smith
(B) Peter Pyhrr
(C) Findley Shirras
(D) Ragnar Frisch
- Cumulative Frequency Curve may be used to find the value of
(A) Median
(B) Mean Deviation
(C) Mode
(D) Kurtosis