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Objective Questions
GK
GK Set-1
Economics
Indian Economics
171

Indian Economics MCQ (GK Set-1) with Answers

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

172) The ’break-even’ point is where

marginal revenue equals marginal cost

average revenue equals average cost

total revenue equals total cost

none of the above

Answer is:

total revenue equals total cost

The ’break-even’ point is where

173) Rate of interest is determined by

The rate of return on the capital invested

Central Government

Liquidity preference

Commercial Banks

Answer is:

Liquidity preference

174) The purchase of shares and bonds of Indian companies by Foreign Institutional Investors is called?

FDI

Portfolio Investment

NRI Investment

Foreign Indirect Investment

Answer is:

Foreign Indirect Investment

175) An individual’s actual standard of living can be assessed by

Gross National Income

Net National Income

Per Capita Income

Disposable Personal Income

Answer is:

Per Capita Income

Indian Economics MCQ (GK Set-1) with Answers

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