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Economics Quiz "SHOUT RIGHT OUT"

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

It is the negative MPC times the inverse of one minus the MPC to consume. It measures the magnification effect of a change in taxes on AD.

a)

Tax Rebate

b)

Tax Multiplier

c)

Income Tax

d)

Tax Equalization

2.

"Your Perfect Banking Partner" is the tagline of which bank?

a)

Axis Bank

b)

Federal Bank

c)

HDFC

d)

ICICI

3.

Which of the following is a semi-durable product?

a)

Photography equipment

b)

Jewellery

c)

Preserved eatables

d)

Chemical products like Paint

4.

Which one of these means infusing more capital in the state runs banks so that they meet the banks can meet the capital adequacy norms?

a)

Strategic Disinvestment

b)

Bank Recapitalization

c)

Monetization

d)

Cess

5.

In a fish and rabbit community, a man is able to catch either 4 fishes or 1 rabbit in 6 hours of doing an activity. This statement is an illustration of?

a)

Equi Marginal Utility

b)

Diminishing Returns

c)

Opportunity Cost

d)

Double Coincidence of wants

6.

Who made the statement "Inflation is everywhere and always a monetary phenomenon"?

a)

Milton Friedman

b)

James Tobin

c)

TW Swan

d)

AW Phillips

7.

Inconsistency of which of the following criteria is labelled as Scitovsky Paradox?

a)

Little Criteria

b)

Pareto Criteria

c)

Bergson Criteria

d)

Kaldor - Hicks Criteria

8.

A toll tax is a tax based on which of the following?

a)

The Benefit Principle

b)

Horizontal equity

c)

Vertical equity

d)

Tax progressively

9.

Which of these is not one amongst the 6 pillars of Union Budget 2021?

a)

Women Empowerment

b)

Innovation and R&D

c)

Reinvigorating Human Capital

d)

Inclusive Development for Aspirational India

10.

In the context of doubling farmers' income objective, which of the following is NOT correct?

a)

The Target is 2022-23

b)

It is the real income which is to be doubled

c)

Income from cultivation alone is to be doubled

d)

Diversification of agriculture is to be promoted