Social Science MCQ – 30
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Q.1: The concept of ‘Poverty Line’ indicates ?
- The lowest level in the ladder of economic prosperity
- The stage at which there is a leveling down between the rich and the poor
- The line of demarcation between the rich and poor
- The minimum level of per capita consumption expenditure
Q.2: The concept of MBO was first introduced by?
- Henry Fayol
- Peter Drucker
- F.W. Taylor
- None of the above
Q.3: The contribution of agriculture to India’s economy is showing ?
- Decreasing trend
- Increasing trend
- Constant
- None of the above
Q.4: The correct statement about the Indian Economy is ?
- About 70% Indians are involved in some type of self-employment and are the owners of some or the other micro or small enterprise
- In India, single biggest employment is agriculture and allied activities
- About 48% Indian workforce is employed in foreign countries or in organizations assisted by foreign capital
- Indian economy is as developed as that of China
Q.5: The definition of planning as the conscious and deliberate choice of economic priorities by some public authority, is according to ?
- Charles Bettlenheim
- Lionel Robbins
- Barbar Wooton
- Prof. Durbin
Q.6: The Demonstration concept was popularized by ?
- Robert Chambers
- Paul Leagans
- E.M. Rogers
- Seaman Knapp
Q.7: The development process under Capitalism has been depicted as ‘Creative Destruction’ by ?
- Hansen
- Karl Marx
- Schumpeter
- J.S. Mill
Q.8: The effect of inflation on tax revenue leads to ?
- Reflation
- Fiscal drag
- Stagflation
- Disinflation
Q.9: The Engel curve for a Giffin good is?
- –vely sloped
- +vely sloped
- vertical
- horizontal
Q.10: The existence of Black Money is ?
- Ensuring a better distribution of income and wealth
- Making the monetary policies less effective
- Making the economy more competitive
- Ensuring increasing productive investment
Social Science MCQ – 30
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