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Objective Questions
GK
GK Set-1
Economics
Indian Economics
167

Indian Economics MCQ (GK Set-1) with Answers

167) During periods of inflations, tax rates should

Increase

Decrease

Remain constant

Fluctuate

Answer is:

Increase

Indian Economics MCQ (GK Set-1) with Answers

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Related Indian Economics MCQ (GK Set-1) with Answers

168) Which is the biggest tax paying sector in India?

Agricultural sector

Industrial sector

Transport sector

Banking Sector

Answer is:

Industrial sector

169) Economics is what it ought to be. This statement refers to

Normative Economics

Positive Economics

Monetary Economics

Fiscal Economics

Answer is:

Normative Economics

170) The excess of price a person is to pay rather than forego the consumption of the commodity is called

Price

Profit

Producer Surplus

Consumer Surplus

Answer is:

Consumer Surplus

171) A want becomes a demand only when it is backed by the

Ability to purchase

Necessity to buy

Desire to buy

Utility of the product

Answer is:

Ability to purchase

Indian Economics MCQ (GK Set-1) with Answers

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