Indian Economics MCQ (GK Set-1) with Answers

Indian Economics MCQ (GK Set-1) with Answers

166) The terms "Micro Economics" and "Macro Economics" were coined by

Answer is:

Ragner Frisch

167) During periods of inflations, tax rates should

Answer is:

Increase

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

Answer is:

Industrial sector

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

Answer is:

Normative Economics

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

Answer is:

Consumer Surplus

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