Tag: economics

Quizzes (361) Questions (3598)

Questions Related to economics

Multiple choice economics consumption and investment functions determinants of consumption function and savings function production, consumption, saving and economic units ex ante and ex post

According to Keynes, consumption function is only affected by objective factors.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

False. 

According to Keynes, Consumption function refers to the standard equation of consumption which defines the relationship between consumption and income where consumption value can be derived at each level with the use of income value. It is affected by both objective and subjective factors. 

Multiple choice economics consumption and investment functions determinants of consumption function and savings function production, consumption, saving and economic units ex ante and ex post

The consumption function depends on _______________.

  1. interest

  2. savings

  3. wealth

  4. income
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Consumption function refers to the standard equation of consumption which defines the relationship between consumption and income where consumption value can be derived at each level with the use of income value. 

C= c+ bY where c=autonomous consumption, b= marginal propensity to consume, and Y= income.

Multiple choice economics consumption and investment functions determinants of consumption function and savings function production, consumption, saving and economic units ex ante and ex post

If income in terms of wage rate ___________, consumption expenditure __________.

  1. increases, decreases

  2. increases, increases

  3. decreases, increases

  4. decreases, decreases
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

If income in terms of wage rate increases, then consumption expenditure also increases which is called the wage-price spiral where the wages are increased due to excessive price in the economy and price in increased due to excessive wage and consumption demand in the economy. 

Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

What measures are taken by Maharashtra Government for development of economic infrastructure?

  1. Increasing installed capacity of electricity generation

  2. Rural electrification, network improvement and programmes for energy conservation

  3. Modified direct benefit transfer scheme to LPG consumers in the state

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Following measures are taken by Maharashtra Government for development of economic infrastructure:

  • Increasing installed capacity of electricity generation
  • Rural electrification, network improvement and programmes for energy conservation
  • Modified direct benefit transfer scheme to LPG consumers in the state
  • Metro Railway has started at Mumbai and Nagpur

Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

To which sector, the scheme "Each One Teach One" and "Sakshar Bharat Abhiyan" is related?

  1. Adult Literacy

  2. Girls Education

  3. Inclusive Education

  4. Tribal Education
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

To improve the adult literacy in the state, innovative schemes like "Each One Teach One" and "Sakshar Bharat Abhiyan" are implemented with community participation.

Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

What is the aim of Mahabhraman scheme launched by MTDC?

  1. To bring students of foreign universities into state universities.

  2. To bring foreign medical researchers in state medical universities.

  3. To promote digital India and Skill India.

  4. To bring different experimental projects such as agro tourism, village tourism, food tourism, safaris, tribal lifestyles etc. under one roof.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Maharashtra Tourism Development Corporation (MTDC) is the nodal agency for implementation of Maharashtra Tourism Policy, 2016. MTDC launched the Mahabhraman scheme to bring different experimental projects such as agro tourism, village tourism, food tourism, safaris, tribal lifestyles etc. under one roof.

Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

What forms the backbone of socio-economic development of any country?

  1. Education

  2. Religious texts

  3. Industrial growth

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Education is considered as one of the basic human needs. It forms the backbone of socio-economic development of any country. in the present scenario, India is getting the advantage of highest demographic dividend due to maximum percentage of young population in the country. Education, therefore becomes 'a priority' at the national as well as state level.

Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

Which of the following comes under Social infrastructure?

  1. Health

  2. Education

  3. Housing

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Social infrastructure is also one of the important components of the economy because it improves the quality of human life as well as stimulates the economic development. In not only improves the quality but also gives the power to produce knowledge. Social infrastructure includes literacy programme, education, public health, housing, drinking water and sanitation.