Economics MCQ Set – 11

Dear Sehpaathians,

With Exams for RRB NTPC, SSC and UPSC are nearing we are here with our set of Multiple Choice Questions related to Economics. Each set consists of 10 questions and we will be coming up with more sets of the same.

Here is a sample paper sheet of the 5 questions for your practice. Attempt all the questions on our Sehpaathi Test app as well as Do give us a review.

Q1. Which of the following is the cost side measure to check inflation?
(a) Government may import
(b) Government may Increase production
(c) Government may Improve storage
(d) Increasing Income of people

Q2. In which type of Inflation prices shoot up overnight?
(a) Galloping Inflation
(b) Shoot Inflation
(c) Bottleneck Inflation
(d) Hyper Inflation

Q3. During Inflation
(a) lender suffer
(b) borrower benefit
(c) Both a & b
(d) None

Q4. Which of the following has the highest weightage in consumption expenditure on protein rich Items in India.
(a) Banana
(b) Egg
(c) Meat
(d) Milk

Q5. Full form of CPI-AL.
(a) Consumer price Index for Agricultural Labourers
(b) Consumer price Index for Automobile Labourers
(c) Consumer price Index for Automatic Labourers
(d) Consumer price Index for Agricultural Landlords