Economics MCQ Set – 9
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. What will happen if labour productivity is increased?(a) Balanced cash wage will decrease
(b) Competitive firms will be forced to invest more
(c) Labour demand curve will shift towards right
(d) None of the above.
Q2. Rent is a cost paid for–
(a) Land
(b) Restaurant
(c) Building
(d) Factory
Q3. With which form of economy is the term ‘Laissez-Faire’ associated?
(a) Capitalist Economy
(b) Socialist Economy
(c) Mixed Economy
(d) Command Economy
Q4. Price theory is also known as–
(a) Macro Economics
(b) Development Economics
(c) Public Economics
(d) Micro Economics
Q5. Core industries are–
(a) Basic Industries
(b) Consumer Goods Industries
(c) Capital Goods Industries
(d) Government Industries
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Answers:
- C 2. A 3. A 4. D 5. A
