Indian Economy Quiz- KAS Mocktest-Kerala Administrative Services

In this Quiz, Indian Economy Questions are discussed. These Questions are helpful for KAS Kerala Administrative Services Exam , other administrative service exams, and UPSC Civil Service Exam.

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#1. The “Break Even Point” is where

Marginal Revenue equals Marginal cost

Marginal Revenue equals Marginal cost

Average Revenue equals average cost

Average Revenue equals average cost

Total Revenue equals total cost

Total Revenue equals total cost

None of These

None of These

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#2. In a capitalistic Economy, the prices are determined by

Demand and Supply

Demand and Supply

Government Authorities

Government Authorities

Buyers in the market

Buyers in the market

Sellers in the market

Sellers in the market

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#3. Which is having Elastic demand?

Electricity

Electricity

Medicines

Medicines

Rice

Rice

Match Boxes

Match Boxes

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#4. Subsidies are payment by government to

Consuming Units

Consuming Units

Producing Units

Producing Units

Banking Units

Banking Units

Retired Persons

Retired Persons

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#5. A low interest policy is also known as

Cheap money policy

Cheap money policy

income generating

income generating

dear money policy

dear money policy

investment policy

investment policy

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#6. Who said ” supply creates its own demand”?

Adam Smith

Adam Smith

J B Say

J B Say

Marshall

Marshall

Ricardo

Ricardo

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#7. The standard of living in a country is represented by its:

Poverty Ratio

Poverty Ratio

Per capita income

Per capita income

National income

National income

Unemployment Rate

Unemployment Rate

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#8. Rate of Interest is determined by

The rate of return on the capital invested

The rate of return on the capital invested

Central Government

Central Government

Liquidity Preference

Liquidity Preference

Commercial Banks

Commercial Banks

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#9. The Total Value of Goods and Services produced in a country during a given period is

Disposable Income

Disposable Income

National Income

National Income

Per Capita Income

Per Capita Income

Net National Income

Net National Income

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#10. Transfer Payments mean

Old age pensions

Old age pensions

Unemployment Compensations

Unemployment Compensations

Social security payments

Social security payments

All of the above

All of the above

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