Economics MCQ Questions and Solutions with Explanations

Home

Competitive Exams MCQs

Aptitude English Verbal Reasoning Non Verbal Reasoning General Knowledge(GK) General Science(GS) Data Interpretation(DI) Banking Awareness Current Affairs

Computer Fundatmental MCQs

Computer Fundamentals Microsoft Word Microsoft Excel MS Power Point Tally Operating System Python AI(Artificial Intelligence)

Engineering Subjects MCQs

Computer Science Electronics & Communication Mechanical Engineering Civil Engineering Electrical Engineering

More Engineering MCQs

Chemical Engineering Automobile Engineering Biotechnology Mining Engineering Geological Engineering Metallurgical Engineering

Engineering Core

Engineering Mathematics Engineering Physics Engineering Chemistry

Computer Fundamentals MCQs

Computer Fundamentals Microsoft Word Microsoft Excel MS Power Point Tally Operating System Networking Database SQL MySQL

Programming MCQs

C Programming C++ Programming Java Python PHP JavaScript

Advanced Programming MCQs

Artificial Intelligence Machine Learning Data Science Cloud Computing Hadoop IoT

Graduation & PG

Commerce Management Law Agriculture Sociology Psychology Home Science Mass Communication Political Science Psychology

Resources

Current Affairs Interview Blog

Exam Categories

SSC Exams Railway Exams All Exams

SSC Exams

SSC CGL SSC CHSL SSC MTS SSC CPO SSC GD SSC JHT SSC Selection Post SSC Stenographer SSC JE

Railway Exams

RRB ALP RRB Technician RRB Section Controller RRB JE RRB Paramedical RRB Group D

Popular Exams

SSC CGL SSC CHSL SSC MTS RRB NTPC (Graduate) RRB Group D RRB ALP RRB Technician RRB Section Controller

Economics MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Economics MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-8 section-7

Each section contains 100 MCQs on Economics .

Normal profits mean-

A) which compels an entrepreneur to remain in the same industry B) profits which are not more or less than 10 p.c. of the working capital C) profits which are not less or more than 10 p.c. of the total capital D) profits which are so fixed by the government

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

The law of diminishing marginal utility states that

A) total satisfaction will decrease as more units of the good are consumed B) the satisfaction derived from each additional unit of a good consumed will decrease C) total utility will become negative D) Both A and C

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

The opportunity cost of retaining money is determined by

A) Inflation rate B) Gross product level C) Interest rate D) Discount rate

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

If two demand curves intersect, then at the point of intersection

A) they are equally elastic B) the steeper curve is more elastic C) the flatter curve is more elastic D) their elasticity cannot be compared

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

A prudent producer will produce at a point where the marginal producer

A) Decreasing and negative B) Increasing and negative C) Decreasing and positive D) Increasing and positive

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

If NNP_FC is Rs. 400 crore, indirect tax is Rs. 125 crore and the financial assistance is Rs. 25 crore, then NNP_MP will be

A) Rs. 525 crore B) Rs. 550 crore C) Rs. 250 crore D) Rs. 500 crore

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

The prime objective of economic activities is:

A) Political Advantage B) Environment Improvement C) Profit Earning D) Social Development

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

The kinked demand curve is reflected in a discontinuity in the

A) total revenue curve B) marginal cost curve C) average revenue curve D) marginal revenue curve

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Which of the following is a reason for economic problem?

A) Unlimited ends or wants B) Scarce resources C) Alternative uses of scarce resources D) All of the above

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Which of the following is the best general definition of the study of economics?

A) Inflation and employment in a growing economy B) The best way to invest in the stock market C) Business decision-making under foreign competition D) Individual and social choice in the face of scarcity

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

1 2 3 4 5 6 7 8 9 10

Economics MCQ Questions and Solutions with Explanations | Commerce