Principles Of Economics And Management (3140709) MCQs

MCQs of Basic Economic Problems

Showing 1 to 10 out of 34 Questions
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1.
Which is not an economic problem?
(a) Poverty
(b) Unemployment
(c) Sickness
(d) Inflation
Answer:

Option (c)

2.
Poverty is about not having enough money to meet basic needs including :
(a) Food
(b) Cloths
(c) Shelter
(d) All of these
Answer:

Option (d)

3.
If the average income of society is 15000 pm and person A earns 10000 pm than Person A is :
(a) Middle class
(b) Poor
(c) Relatively Poor
(d) Not Poor
Answer:

Option (c)

4.
Earlier, India used to define the poverty line based on a method defined by a task force. It was based on expenditure on buying food worth :
(a) 2,300 calories in rural areas, and 2,000 calories in urban areas
(b) 2,400 calories in rural areas, and 2,100 calories in urban areas
(c) 2,500 calories in rural areas, and 2,200 calories in urban areas.
(d) 2,600 calories in rural areas, and 2,300 calories in urban areas.
Answer:

Option (b)

5.
In which year Suresh Tendulkar Committee defined the poverty line?
(a) 2011
(b) 2012
(c) 2013
(d) 2014
Answer:

Option (a)

6.
According to a Suresh Tendulkar Committee who is considered poor?
(a) A person who spends less than Rs. 25.2 in rural areas and Rs. 30.3 in urban areas a day is poor.
(b) A person who spends less than Rs. 27.2 in rural areas and Rs. 33.3 in urban areas a day is poor.
(c) A person who spends less than Rs. 28.2 in rural areas and Rs. 35.3 in urban areas a day is poor.
(d) A person who spends less than Rs. 30.2 in rural areas and Rs. 40.3 in urban areas a day is poor.
Answer:

Option (b)

7.
According to a committee headed by former Reserve Bank governor C Rangarajan who is consider poor?
(a) A person who spends less than Rs. 30 in rural areas and Rs. 38 in urban areas a day is poor.
(b) A person who spends less than Rs. 30 in rural areas and Rs. 40 in urban areas a day is poor.
(c) A person who spends less than Rs. 32 in rural areas and Rs. 47 in urban areas a day is poor.
(d) A person who spends less than Rs. 35 in rural areas and Rs. 49 in urban areas a day is poor.
Answer:

Option (c)

8.
Which is not a correct Cause of poverty?
(a) Rapid economic growth.
(b) Corruption.
(c) Economic inequalities.
(d) Inflationary price rice.
Answer:

Option (a)

9.
Which is not a correct measure to reduce poverty?
(a) Employment oriented planning.
(b) Population growth.
(c) Reducing economic inequalities.
(d) Removal of illiteracy.
Answer:

Option (b)

10.
Active labour force includes the age group :
(a) 12-60 year
(b) 14-60 year
(c) 15-60 year
(d) 18-60 year
Answer:

Option (c)

Showing 1 to 10 out of 34 Questions
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