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Objective Questions
GK
GK Set-1
Economics
Indian Economics
237

Indian Economics MCQ (GK Set-1) with Answers

237) Determinant of the maximum profit for a firm is

Price

Average cost

Both average cost and price

The output level

Answer is:

Both average cost and price

Indian Economics MCQ (GK Set-1) with Answers

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Related Indian Economics MCQ (GK Set-1) with Answers

238) The theory of big-push was propounded by

R. Rodan

A. O. Hirschman

R. Nurkse

W. A. Lewis

Answer is:

R. Rodan

239) The ’Balanced Growth Theory’ is associated with

W. A. Lewis

Rostow

Streeton

R. Nurkse

Answer is:

R. Nurkse

240) If prices rise, the direct real burden of public debt will

Also increase

Fall

Remain unchanged

Be uncertain

Answer is:

Fall

241) When current income of the Government is less than its current expenditure, it is known As

Budget deficit

Fiscal Deficit

Revenue deficit

Primary Deficit

Answer is:

Budget deficit

Indian Economics MCQ (GK Set-1) with Answers

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