Economics Objective Questions and Answers 

1.Which Indian got Nobel Prize for Economics?
 A. Khorana
 B. C.V. Raman
 C. Teressa
 D. Amarthiya Sen
 
  View Answer    Share    Workspace    Report
2.What is the effect of Deficit financing?
 A. Deflation
 B. Recession
 C. Inflation
 D. Depression
 
  View Answer    Share    Workspace    Report
3.Gross domestic capital formation is defined as:
 A. Flow of expenditure devoted to increase or maintaining of the capital stock
 B. Expenditure incurred on physical assets only
 C. Production exceeding demand
 D. Net addition to stock after depreciation
 
  View Answer    Share    Workspace    Report
4.Structural employment arises due to:
 A. Deflationary Conditions
 B. Heavy industry bias
 C. Shortage of raw meterials
 D. Inadequate productive capacity
 
  View Answer    Share    Workspace    Report
5.The first wholly Indian Bank was set up in:
 A. 1794
 B. 1894
 C. 1896
 D. 1902
 
  View Answer    Share    Workspace    Report
6.States earn maximum revenue through:
 A. Land revenue
 B. Custom revenue
 C. Commercial taxes
 D. Excise duties on intoxicants
 
  View Answer    Share    Workspace    Report
7.The second Five Year plan was based on:
 A. Mahalanobis Model
 B. Vakil and Brahmananda's Wage -Goods Model
 C. Harrod - Domar Growth Model
 D. Solow Growth Model
 
  View Answer    Share    Workspace    Report
8.Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?
 A. Reliance Energy
 B. Essar Oil
 C. GAIL
 D. ONGC
 
  View Answer    Share    Workspace    Report