( Best 200+ ) Basics of Economics MCQ

by Mr. DJ 23/01/2022

Basics of Economics MCQ

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Basics of Economics MCQ

151. According to Keynes, unemployment is due to:

A. deficiency of capital

B. deficiency of labour

C. deficiency of education

D. deficiency in effective demand

Answer: –

D. deficiency in effective demand

152. “In the long run, we are all dead”. Who said this?

A. keynes

B. adam smith

C. karl marx

D. david ricardo

Answer: –

A. keynes

153. According to Keynes, investment is a function of:

A. rate of interest

B. rate of profit

C. rate of mei

D. mei and rate of interest

Answer: –

D. mei and rate of interest

154. Keynes believed in :

A. full employment equilibrium

B. under employment equilibrium

C. both

D. none

Answer: –

B. under employment equilibrium

155. According to Keynes, wages and prices are:

A. rigid

B. flexible

C. variable

D. automatic

Answer: –

A. rigid

Also Read :-

156. In Economics, 1930s is popularly known as the period of:

A. great battle

B. great depression

C. industrial revolution

D. great devide

Answer: –

B. great depression

157. Keynes strongly argued for:

A. free trade

B. non-intervention of government

C. laissez-faire

D. governmental intervention

Answer: –

D. governmental intervention

158. Consumption expenditure directly varies with:

A. savings

B. investment

C. disposable income

D. rate of interest

Answer: –

C. disposable income

159. An important issue of macro economics is the determination of:

A. consumption

B. production

C. utility

D. income and employment

Answer: –

D. income and employment

160. Pick the odd one:

A. aggregate demand

B. effective demand

C. j.m. keynes

D. law of market

Answer: –

D. law of market

Also Read :-

Mr. DJ

I Am Dinesh Jat ( Mr. DJ). Completed Mcom. And Currently Pursuing MBA. Interest In Writing Blogs And Spread knowledge To the People. I Want to Provide General Awareness With The People who Are preparing for competitive Exams At a place.

( Best 200+ ) Basics of Economics MCQ

Basics of Economics MCQ

Basics of Economics MCQ

151. According to Keynes, unemployment is due to:

153. According to Keynes, investment is a function of:

154. Keynes believed in :

155. According to Keynes, wages and prices are:

156. In Economics, 1930s is popularly known as the period of:

157. Keynes strongly argued for:

158. Consumption expenditure directly varies with:

159. An important issue of macro economics is the determination of:

160. Pick the odd one:

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