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  • Economics GK Questions and Answers Set 21

    July 8, 2019 by Job Alert

    Economics GK questions and answers Set 21 for competitive exams Quiz  UPSC, SSC CGL General Awareness, NEET, CTET. Economics General Knowledge Questions One Liner for Practice  science Talent Test and Class 10and 12th entrance Test so for

    1 .Innovation theory of Profit was propounded by?
    Answer
    Schumpeter
    View Answer

    2 .Who said development a 'Creative destruction' under capitalism?
    Answer
    Schumpeter
    View Answer

    3 .Prof. Milton Freedman was the leader of?
    Answer
    Sehicago School
    View Answer

    4 .Due to worldwide great depression, 'New Deal' was declared by?
    Answer
    Roozwelt
    View Answer

    5 .Relationship between rate of interest and consumption level was firstly estimated by
    Answer
    Milton Freedman
    View Answer

    6 .Surplus earned by a factor other thus land in the short period is referred as
    Answer
    Quasi-rent
    View Answer

    7 .Labour intensive Technique would get chosen in a
    Answer
    Labour Surplus Economy
    View Answer

    8 .Word 'Oikonomia' means
    Answer
    House hold Balance
    View Answer

    9 .Which type of workers are called as cultivators
    Answer
    Who works on other's land
    View Answer

    10 .Amartya Sen was awarded the Noble prize for his contribution to
    Answer
    Econometrics
    View Answer

    11 .Views of eminent economist Robert Malthus on Population is
    Answer
    Pessimistic
    View Answer

    12 .Indian Economy is an example of
    Answer
    Mixed Economy
    View Answer

    13 .According to whom second chamber is unnecessary & bad?
    Answer
    Bentham
    View Answer

    14 .Theory of 'Maximum Social Theory' for Public finance was given by
    Answer
    Delton
    View Answer

    15 .Time clement in price discrimination was started by
    Answer
    Alfred Marshall
    View Answer

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