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GK Quiz on Economics for SSC Exams

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Question 1

Through which principle/device did Mahatma Gandhi strive to bridge economic inequalities?

Question 2

Which of the following is an inverted ‘U’ shaped curve?

Question 3

Production of a commodity mostly through the natural process is an activity of

Question 4

For an inferior good, demand falls when __________.

Question 5

Equilibrium price is the price when:

Question 6

The addition made to the total cost when the production of a good is increased by one unit is

Question 7

Which one of the following is not a method for computing GNP?

Question 8

The market price is related to :

Question 9

Consumption function expresses the relationship between consumption and

Question 10

The Law of Demand is based on __________.
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Dec 9SSC & Railway