Economics: Multiple Choice Questions with Answers

Economics Multiple Choice Questions

These Economics Multiple Choice Questions are very important for candidates preparing for competitive examinations such as UPSC, SSC CGL, SSC CHSL, Banking, etc.

These Economics MCQ are often asked in the exams. Here we have listed the Economics Multiple Choice Questions that have already been asked in the exam.

The answer for each Economics Multiple Choice Questions is privided. There is also explanation of each important Economics MCQ questions. If you don’t find the explanation of any Economics MCQ, then it will be later provided, or it is not so inportant for that question.

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We hope, these Economics Multiple Choice Questions will help you a lot in your exam.

1. The concept of Economic Planning in India is derived from?

A. USA

B. UK

C. Australia

D. Russia

2. The Great Depression occurred during –

A. 1914- 1918

B. 1929 – 1934

C. 1939 – 1945

D. 1922 – 1926

3. Who is called the father of economics?

A. Ricardo

B. Malthus

C. Adam Smith

D. J. M. Keynes

Read Also: Political Science MCQ Questions with Answers

4. Planning Commission was constituted on?

A. 15 March 1948

B. 15 March 1949

C. 15 March 1950

D. 15 March 1951

5. The first five-year plan was based on?

A. Herold Domar Model

B. P.C. Mahalanobis Model

C. Both of the above

D. None of above

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