In this Quiz, Indian Economy Questions are discussed. These Questions are helpful for KAS Kerala Administrative Services Exam , other administrative service exams, and UPSC Civil Service Exam.
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#1. The “Break Even Point” is where
Marginal Revenue equals Marginal cost
Average Revenue equals average cost
Total Revenue equals total cost
None of These
#2. In a capitalistic Economy, the prices are determined by
Demand and Supply
Buyers in the market
Sellers in the market
#3. Which is having Elastic demand?
#4. Subsidies are payment by government to
#5. A low interest policy is also known as
Cheap money policy
dear money policy
#6. Who said ” supply creates its own demand”?
J B Say
#7. The standard of living in a country is represented by its:
Per capita income
#8. Rate of Interest is determined by
The rate of return on the capital invested
#9. The Total Value of Goods and Services produced in a country during a given period is
Per Capita Income
Net National Income
#10. Transfer Payments mean
Old age pensions
Social security payments
All of the above