Economics Online Mock Test 1 (English)

Economics Online Mock Test for all competitive exams

Test Rules:

  • Objective Type Questions (4 Options)
  • 15 Questions
  • 10 Min's Time
  • Complete Test Give 'Submit' Button. Show your Mark and Correct Answer

Economics Test 1

  1. Who is called father of Modern Economics?
  2. Adam Smith
    Marshal
    Keynes
    Robins
  3. Paul Krugaman is a/an
  4. Scientist
    Sportsman
    Banker
    Economist
  5. For the existence of a market which is indispensable?
  6. Banks
    Economic laws
    Prices
    Trade unions
  7. Indian Economy is characterized as
  8. backward economy
    developed economy
    developing economy
    underdeveloped economy
  9. The Gandhian economy is based on the principle of
  10. Competition
    Trusteeship
    State control
    None of the above
  11. Who among the following had propounded the concept of ‘Trusteeship’?
  12. M.N. Roy
    Aurobindo Ghosh
    Mahatma Gandhi
    G.K. Gokhale
  13. In India, National Income is computed by which of the following?
  14. Planning Commission
    Ministry of Finance
    Central Statistical Organization
    Reserve Bank of India
  15. Who among the following was the Chairman of National Committee appointed by Government of India in 1949?
  16. C.R. Rao
    P.C. Mahalanobis
    V.K.R.V. Rao
    K.N. Raj
  17. The national income of a country for a given period is equal to the
  18. Total value of goods and services produced by the nationals
    Sum of total consumption and investment expenditure
    Sum of personal income of all individual
    Money value of final goods and services produced
  19. Which among the following sectors contribute most to GDP of India?
  20. Primary sector
    Secondary sector
    Tertiary sector
    All three contribute equally
  21. Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India?
  22. Service, Industry, Agriculture
    Service, Agriculture, Industry
    Industry, Service, Agriculture
    Industry, Agriculture, Service
  23. Indicate the vital change in the measurement of National Income of India.
  24. Base year has been changed from 2004-05 to 2011-12
    Calculation has been changed from factor cost to market prices
    Calculation has been changed from current prices to constant prices
    Both the base year and calculation method have been changed
  25. Who among the following is associated with ‘White revolution’?
  26. P.J. Kurien
    Verghese Kurien
    M.S. Swaminathan
    M.S. Raghanathan
  27. White revolution is related to
  28. Egg production
    Milk production
    Wheat production
    Fish production
  29. Who is known as ‘Father of White Revolution’ in India?
  30. M.S. Swaminathan
    V. Kurien
    K.N. Bhat
    B.P. Pal

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