A. receives the benefits of a good but avoids paying for it. x��[K����z�=,ɒ-��R4�dZ|?��D؛���� v�?�����4{fV��Ձ��&�Ū��*r\�A���������W������ǫ����~8��< �������՟/�a^i?䰺�׹rN*��ze����CJ����o�l�f�.����2*%�>��A;e�� In each of the short revision videos below Geoff poses an A Level Economics exam-style, exam-standard MCQ. Important salient Features of Lecturer Economics PDF MCQs Guide: 74. Characteristics of economic laws are— (A) Mere statements of economic tendencies (B) Less certain Which one of the following taxes is levied by the State Government only? Gaurav Jain. 1. 73. _____ shows the overall output generated at a given level of input: He has over twenty years experience as Head of Economics at leading schools. “Economics is a science” the basis of this statement is— (A) Relation between cause and effect (B) Use of deductive method and inductive method for the formations of laws (C) Experiments (D) All of the above Ans : (D-All of the above) 7. 14 Multiple Choice Questions (MCQs) With Answers on Money, Banking and Public Finance. B. pays for a good but fails to receive any benefit from the good C. fails to produce goods but is allowed to consume goods. In which year was the Committee on Public Undertakings constituted by the Lok Sabha ? 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Economics Objective Questions, which are covered in this chapter, relate to the topic, Money. 69. a) ‘Displacement Theory’ which suggests that public spending is ratcheted upwards over time by social upheavals – as in the case of economic depressions or wars b) The state providing ‘public goods’ and ‘merit goods’ free at the point of use, which private markets are unable to do Geoff Riley FRSA has been teaching Economics for over thirty years. 1) To determine the correct level of GNP (Gross national product), it is necessary to: (A) Add up the values of goods and services during one year. The UPSC MCQ will be regularly updated and more categories will be added so do keep checking regularly. Share. Module. A 14. 71. English Grammar MCQs. Costs and Production Methods. Economics Multiple Choice Questions Test contains 10 questions. 171. (A) 1953 (B) 1956 (C) 1963 (D) 1964 Ans : (D) 70. Article shared by (a) “Money is what money does” – who said? 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Gaurav Jain. 1. 73. _____ shows the overall output generated at a given level of input: He has over twenty years experience as Head of Economics at leading schools. “Economics is a science” the basis of this statement is— (A) Relation between cause and effect (B) Use of deductive method and inductive method for the formations of laws (C) Experiments (D) All of the above Ans : (D-All of the above) 7. 14 Multiple Choice Questions (MCQs) With Answers on Money, Banking and Public Finance. B. pays for a good but fails to receive any benefit from the good C. fails to produce goods but is allowed to consume goods. In which year was the Committee on Public Undertakings constituted by the Lok Sabha ? 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