Tag: economics

Quizzes (361) Questions (3598)

Questions Related to economics

Multiple choice economics public expenditure public expenditure public finance and budget public finance, taxes and budget

The statement of estimated income and expenditure of the Government for a year is ______.

  1. public finance

  2. public expenditure

  3. planned expenditure

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

A budget is an estimation of the revenue and expenses over a specified future period of time and is compiled and re-evaluated on a periodic basis. A surplus budget means profits are anticipated, while a balanced budget means that revenues are expected to equal expenses. A deficit budget means expenses will exceed revenues.

Multiple choice economics public expenditure public expenditure public finance and budget public finance, taxes and budget

Which of these is a productive public expenditure?

  1. Expenditure on law and order

  2. Expenditure on defense

  3. Expenditure on infrastructure development

  4. Expenditure on education
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Productive expenditure refers to spending that increases the productive capacity of the economy, such as infrastructure, which facilitates trade and production.

Multiple choice economics public expenditure public expenditure public finance and budget public finance, taxes and budget

Among these statements which one clearly explains the meaning of "Subsidies"?

  1. Payment by Government for purchase of goods and services.

  2. Payment by business enterprises to factors of production.

  3. Payment by companies to shareholders.

  4. Payment by Government to business enterprise without buying any goods and services.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Subsidies are financial assistance provided by the government to businesses to lower production costs or keep prices low, without the government receiving goods or services in return.

Multiple choice economics public expenditure public expenditure public finance and budget public finance, taxes and budget

Which of the following is not a productive public expenditure?

  1. Expenditure on defence

  2. Expenditure on infrastructure development

  3. Expenditure on setting up basic industries

  4. Expenditure to increase the welfare of the population
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Defense expenditure is generally classified as non-productive because it does not directly contribute to the production of goods and services for the economy, even though it is necessary for security.

Multiple choice perfect competition and monopoly market structure and pricing economics

BOD measures the _____.

  1. Amount of bacteria in a given sample of water

  2. Amount of algae being decomposed in a given sample

  3. Amount of oxygen bacteria need to decompose organic matter in a given sample

  4. Amount of oxygen bacteria need to decompose organic matter in a given sample in a fixed period of time
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Biochemical oxygen demand (BOD) is a measure of how much organic pollution is in water. The BOD test measures the amount of dissolved oxygen in water that is used up due to the breakdown of organic pollutants, such as sewage, in a certain number of days.

Multiple choice perfect competition and monopoly market structure and pricing economics

Untreated sewage may cause _____.

  1. Outbreak of epidemic

  2. Cholera outbreaks

  3. Typhoid outbreaks

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

Untreated sewage is an excellent source of bacterial growth. Such untreated sewage can result in spread of many bacterial diseases like outbreak of epidemics, cholera, typhoid etc.

Multiple choice perfect competition and monopoly market structure and pricing economics

Dumping has major disadvantages, however, especially in heavily polluted areas.

  1. True

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

Dumping waste in landfills or open areas has significant environmental disadvantages, including groundwater contamination, air pollution from decomposition, and habitat destruction, especially in densely populated or polluted regions.

Multiple choice perfect competition and monopoly market structure and pricing economics

Newspapers, used bottles, magazines, carry bags, aluminum foils, plastics, metal, glass, old exercise books, oilcans, etc., are called _________. 

  1. Wet waste

  2. Dry waste

  3. Waste disposal

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Dry waste refers to non-biodegradable or recyclable materials like paper, plastic, metal, and glass. Wet waste refers to biodegradable organic matter like food scraps.