Social Science MCQ – 14

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Social Science MCQ – 14

Social Science

MCQ on Agriexam.com

Social Science MCQ Study

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Agriexam Daily Quiz

 

Q.1: If the Marginal Utility Curve is sloping down from left to right, it implies?

  1. A constant relationship between marginal utility and the stock of commodity
  2. A direct relationship between marginal utility and the stock of commodity
  3. An inverse relationship between marginal utility and the stock of commodityv
  4. A proportionate relationship between marginal utility and the stock of commodity

Answer: 2

Q.2: If the PCC of a commodity is horizontal, the demand curve for this commodity is?

  1. Downward sloping straight line
  2. Horizontal
  3. Vertical
  4. Rectangular hyperbola

Answer: 4

Q.3: If the price of an inferior good falls, then its demand will ?

  1. Remains constant
  2. Falls
  3. Rises
  4. Can be any of these

Answer: 4

Q.4: IMF is situated at?

  1. Vienna
  2. Washington DC
  3. Geneva
  4. New York

Answer: 2

Q.5: In a closed economy?

  1. Only exports take place
  2. The money supply is fully controlled
  3. Deficit financing takes place
  4. Neither exports nor imports take place

Answer: 4

Q.6: In a developing country, unemployment usually takes place due to?

  1. Seasonal factors
  2. Lack of effective demand
  3. Lack of complementary factors of production
  4. None of the above

Answer: 3

Q.7: In a free economy, inequalities of income are mainly due to ?

  1. Differences in the marginal productivity of labour
  2. Private property and inheritance
  3. Free competition
  4. Private property only

Answer: 2

Q.8: In an economy, take off stage indicates ?

  1. Economy is about to collapse
  2. Economy is stagnant
  3. Steady growth begins
  4. All controls are removed

Answer: 3

Q.9: In case of equilibrium, a perfectly competitive firm will equate ?

  1. Marginal profit with marginal cost
  2. Market supply with market demand
  3. Marginal social cost with marginal social benefit
  4. Marginal revenue with marginal cost

Answer: 4

Q.10: In estimating the budgetary deficit, the official approach in India is to exclude ?

  1. Drawing down of the cash balance
  2. Borrowings from the Reserve Bank of India
  3. Long term borrowings from the market
  4. Borrowings from Reserve Bank in the form of ways and means advance

Answer: 4

Social Science MCQ – 14

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