{"id":894,"date":"2023-06-18T22:19:38","date_gmt":"2023-06-18T16:49:38","guid":{"rendered":"https:\/\/edunovations.com\/mcqs\/?p=894"},"modified":"2023-06-19T13:18:12","modified_gmt":"2023-06-19T07:48:12","slug":"introduction-to-micro-economics-2","status":"publish","type":"post","link":"https:\/\/edunovations.com\/mcqs\/introduction-to-micro-economics-2\/","title":{"rendered":"Introduction To Micro Economics &#8211; Indian Economy GK MCQ"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/mcqs\/introduction-to-micro-economics-2\/#Introduction_To_Micro_Economics_%E2%80%93_Indian_Economy_GK_MCQ_%E0%A4%B8%E0%A5%82%E0%A4%95%E0%A5%8D%E0%A4%B7%E0%A5%8D%E0%A4%AE_%E0%A4%85%E0%A4%B0%E0%A5%8D%E0%A4%A5%E0%A4%B6%E0%A4%BE%E0%A4%B8%E0%A5%8D%E0%A4%A4%E0%A5%8D%E0%A4%B0_%E0%A4%95%E0%A4%BE_%E0%A4%AA%E0%A4%B0%E0%A4%BF%E0%A4%9A%E0%A4%AF\" >Introduction To Micro Economics &#8211; Indian Economy GK MCQ ( \u0938\u0942\u0915\u094d\u0937\u094d\u092e \u0905\u0930\u094d\u0925\u0936\u093e\u0938\u094d\u0924\u094d\u0930 \u0915\u093e \u092a\u0930\u093f\u091a\u092f )<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/mcqs\/introduction-to-micro-economics-2\/#Introduction_To_Micro_Economics_%E2%80%93_Indian_Economy_GK_MCQ_%E2%80%93_Previous_Year_Questions\" >Introduction To Micro Economics &#8211; Indian Economy GK MCQ &#8211; Previous Year Questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/mcqs\/introduction-to-micro-economics-2\/#Some_Important_Links\" >Some Important Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_To_Micro_Economics_%E2%80%93_Indian_Economy_GK_MCQ_%E0%A4%B8%E0%A5%82%E0%A4%95%E0%A5%8D%E0%A4%B7%E0%A5%8D%E0%A4%AE_%E0%A4%85%E0%A4%B0%E0%A5%8D%E0%A4%A5%E0%A4%B6%E0%A4%BE%E0%A4%B8%E0%A5%8D%E0%A4%A4%E0%A5%8D%E0%A4%B0_%E0%A4%95%E0%A4%BE_%E0%A4%AA%E0%A4%B0%E0%A4%BF%E0%A4%9A%E0%A4%AF\"><\/span>Introduction To Micro Economics &#8211; Indian Economy GK MCQ ( \u0938\u0942\u0915\u094d\u0937\u094d\u092e \u0905\u0930\u094d\u0925\u0936\u093e\u0938\u094d\u0924\u094d\u0930 \u0915\u093e \u092a\u0930\u093f\u091a\u092f )<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Enhance your understanding of microeconomics with a comprehensive collection of Multiple Choice Questions (MCQs) sourced from previous year papers of various competitive exams, including UPSC IAS. Test your knowledge, sharpen your analytical skills, and stay updated with the fundamental principles of microeconomics.<\/p>\n\n\n\n<p>Brief: Are you looking for a reliable resource to grasp the foundations of microeconomics? Look no further! Our MCQs page offers a wide range of questions sourced from previous year papers of different competitive exams, including UPSC IAS and more.<\/p>\n\n\n\n<p>Immerse yourself in a stimulating learning experience as you explore this repository of MCQs. By attempting these questions, you can assess your knowledge, identify areas for improvement, and strengthen your conceptual understanding of microeconomic principles.<\/p>\n\n\n\n<p>Our MCQs cover various topics related to the introduction to microeconomics. Whether you are a student preparing for a competitive exam or an individual interested in understanding the dynamics of market behavior, this resource is a valuable tool. Engage with the questions sourced from previous year papers to stay updated with the fundamental concepts, theories, and applications of microeconomics.<\/p>\n\n\n\n<p>By practicing with these MCQs, you can enhance your analytical thinking, problem-solving abilities, and decision-making skills in the context of microeconomic analysis. Develop a solid understanding of concepts such as supply and demand, market structures, consumer behavior, production, cost analysis, and more.<\/p>\n\n\n\n<p>Make the most of this page to excel in your exams. Dive into focused study sessions, reinforce your understanding, and boost your confidence in tackling microeconomics-related questions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_To_Micro_Economics_%E2%80%93_Indian_Economy_GK_MCQ_%E2%80%93_Previous_Year_Questions\"><\/span>Introduction To Micro Economics &#8211; Indian Economy GK MCQ &#8211; Previous Year Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<style>\r\n    \/* Quiz container *\/\r\n    .quiz-container {\r\n        max-width: 800px;\r\n        margin: 0 auto;\r\n        padding: 20px;\r\n        box-sizing: border-box;\r\n        font-family: Arial, sans-serif;\r\n    }\r\n\r\n    \/* Question *\/\r\n    .question {\r\n        background-color: #f9f9f9;\r\n        padding: 20px;\r\n        border: 1px solid #ccc;\r\n        font-size: 20px;\r\n        margin-bottom: 20px;\r\n        border-radius: 5px;\r\n        box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);\r\n        position: relative;\r\n    }\r\n\r\n    \/* Question header *\/\r\n    .question h4 {\r\n        margin-bottom: 20px;\r\n    }\r\n\r\n    \/* Options list *\/\r\n    .options {\r\n        list-style-type: none;\r\n        padding: 0;\r\n    }\r\n\r\n    \/* Option item *\/\r\n    .options li {\r\n        margin: 10px;\r\n        padding: 10px;\r\n        display: flex;\r\n        align-items: center;\r\n        border-radius: 5px;\r\n        border: 2px solid #ccc;\r\n        box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);\r\n    }\r\n\r\n    \/* Option number *\/\r\n    .options li span {\r\n        margin-right: 10px;\r\n        width: 20px;\r\n        height: 20px;\r\n        border-radius: 50%;\r\n        border: 2px solid black;\r\n        display: flex;\r\n        justify-content: center;\r\n        align-items: center;\r\n        font-weight: bold;\r\n    }\r\n\r\n    \/* Option colors *\/\r\n    .options li span.option-a {\r\n        background-color: #FFD700; \/* Yellow *\/\r\n    }\r\n\r\n    .options li span.option-b {\r\n        background-color: #FF1493; \/* Pink *\/\r\n    }\r\n\r\n    .options li span.option-c {\r\n        background-color: #00BFFF; \/* Light Blue *\/\r\n    }\r\n\r\n    .options li span.option-d {\r\n        background-color: #7CFC00; \/* Green-Yellow *\/\r\n    }\r\n\r\n    .options li span.option-e {\r\n        background-color: #EE82EE; \/* Purple-Pink *\/\r\n    }\r\n\r\n    \/* Show answer button *\/\r\n    .show-answer {\r\n        background-color: #0066CC;\r\n        color: #fff;\r\n        border: none;\r\n        padding: 8px 20px;\r\n        font-size: 20px;\r\n        cursor: pointer;\r\n        border-radius: 3px;\r\n        text-align: center;\r\n        display: inline-block;\r\n        margin-bottom: 20px;\r\n    }\r\n\r\n    \/* Answer box *\/\r\n    .answer-box {\r\n        margin: 0 auto;\r\n        padding: 10px;\r\n        font-size: 20px;\r\n        color: #61970F;\r\n        box-sizing: border-box;\r\n        display: none;\r\n    }\r\n\r\n    \/* Question header *\/\r\n    .quiz-container .question-header {\r\n        color: darkblue;\r\n        font-weight: bold;\r\n        margin-right: 10px;\r\n    }\r\n\r\n    \/* Question header and text *\/\r\n    .quiz-container .question-header,\r\n    .quiz-container .question-text {\r\n        display: inline;\r\n        font-weight: bold;\r\n    }\r\n\r\n    \/* Responsive styles *\/\r\n    @media (max-width: 767px) {\r\n        .quiz-container {\r\n            padding: 10px;\r\n        }\r\n    }\r\n<\/style>\r\n<div class=\"quiz-container\">\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">When will demand become a grant?<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63121\">After the demand is granted<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63121\">When the budget session is closed.<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63121\">After the discussion on demand is over<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63121\">When a demand is proposed<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"a\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">One of the following is \u2018Labour\u2019 in Economics.<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63124\"> Reading a book as a hobby<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63124\"> A Mother teaching her own son<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63124\">A Painter working for his own pleasure<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63124\"> A Musician performing for a benefit fund<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"d\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Which of the following concepts are most closely associated with J.M. Keynes ?<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63127\"> Indifference curve analysis<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63127\"> Marginal efficiency of captial<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63127\">Marginal utility theory<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63127\"> Control of money supply<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"b\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">An increase in per capital income is not an indication of an increase in the economic welfare of the people<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63130\"> When it is the result of an increase in the production of industrial goods<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63130\"> When such increase is the result of increased production of intoxicants<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63130\"> When such increase is the result of an increase in agricultural production<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63130\">When such increase is the result of an increased production of comforts<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"b\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Which of the following results by dividing national income by size of population ?<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63132\"> Subsistence expenditure<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63132\">Per capita production<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63132\"> Subsistence level<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63132\">Per capita income<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"d\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Speculative demand for cash is determined by<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63135\"> the general price level<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63135\">) the market conditions<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63135\">the level of income<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63135\">The rate of interest<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"d\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Say\u2019s Law of Market holds that<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63138\"> demand creates its own supply<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63138\"> supply is greater than demand<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63138\"> supply creates its own demand<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63138\">supply is not equal to demand<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"c\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">A hammer in the hands of a house-wife is a ______ good.<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63141\"> free<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63141\"> intermediary<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63141\">capital<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63141\">consumer<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"b\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">The concept of joint sector implies cooperation between<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63143\"> Domestic and Foreign Companies<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63143\">None of these<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63143\">State Government and Central Government<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63143\"> Public sector and private sector industries<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"d\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">\u2018Hire and Fire\u2019 is the policy of<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63145\">Mixed Economy<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63145\">Traditional Economy<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63145\">Socialism<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63145\">Capitalism<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"a\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Tax on inheritance is called<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63147\"> Gift tax<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63147\">Sales tax<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63147\">Estate duty<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63147\">Excise duty<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"c\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">The standard of living in a country is represented by its:<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63150\">national income<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63150\">unemployment rate<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63150\">per capita income<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63150\"> poverty ratio<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"c\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Effective demand depends on<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63153\"> total expenditure<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63153\">supply price<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63153\">output-capital ratio<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63153\"> capital-output ratio<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"b\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Elasticity of demand is the degree of responsiveness of demand of a commodity to a<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63155\">change in consumers\u2019 tastes<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63155\"> change in its price<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63155\">change in the price of substitutes<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63155\"> change in consumers\u2019 wealth<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"b\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Malthusian theory is associated with which of the following ?<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63158\">Diseases<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63158\"> Population<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63158\"> Employment<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63158\">Poverty<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"b\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Inflation is a situation characterised by<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63161\"> Too many people chasing too few goods<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63161\">Too many people chasing too little money<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63161\"> Too few money chasing too much goods<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63161\"> Too much money chasing too few goods<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"d\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">A \u2018Transfer Income\u2019 is an<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63163\"> Unearned income<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63163\"> Earned income<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63163\">Income taken away from one person and given over to another<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63163\"> Income which is not produced by any production process<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"d\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">The term \u2018Macro Economics\u2019 was used by __________ .<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63166\"> Ragner Nurkse<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63166\"> Prof. Knight<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63166\">Ragner Frisch<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63166\"> J.M. Keynes<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"c\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">\u2018Supply creates its own demand\u2019. This statement is related to<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63168\">Adam Smith<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63168\">J.S. Mill<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63168\">John Robinson<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63168\"> Prof. J.B. Say<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"d\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">The demand for money, according to Keynes, is for<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_63170\"> precautionary motive<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_63170\">All the above motives<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_63170\"> transaction motive<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_63170\"> speculative motive<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"a\">Show Answer<\/button>\r\n    <\/div>\r\n  <\/div>\r\n<script src=\"https:\/\/code.jquery.com\/jquery-3.6.0.min.js\"><\/script>\r\n<script>\r\n$(document).ready(function() {\r\n  $('.show-answer').click(function() {\r\n    var answer = $(this).data('answer');\r\n    $(this).siblings('.answer-box').html('The correct answer is: ' + answer).slideDown();\r\n    $(this).hide();\r\n  });\r\n});\r\n<\/script>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Links\"><\/span>Some Important Links <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/mcqs\/category\/subject-wise\/geography\/\" target=\"_blank\" rel=\"noreferrer noopener\">Geography MCQs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/mcqs\/category\/state-gk-mcq\/\" target=\"_blank\" rel=\"noreferrer noopener\">State GK MCQs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--3\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/mcqs\/category\/current-affairs-mcq\/\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs MCQs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/mcqs\/category\/ncert\/\" target=\"_blank\" rel=\"noreferrer noopener\">NCERT MCQs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/mcqs\/category\/subject-wise\/indian-history\/\" target=\"_blank\" rel=\"noreferrer noopener\">Indian History MCQs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/mcqs\/category\/subject-wise\/indian-polity\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Indian Polity MCQ<\/strong>s<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"Free-GK-MCQ-App\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.edunovations.quiz\" target=\"_blank\" rel=\"Free GK MCQ App noreferrer noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/mcqs\/wp-content\/uploads\/2023\/06\/Free-MCQ-App.jpg\" alt=\"Free GK MCQ App\" class=\"wp-image-743\" title=\"Free GK MCQ App\" srcset=\"https:\/\/edunovations.com\/mcqs\/wp-content\/uploads\/2023\/06\/Free-MCQ-App.jpg 900w, https:\/\/edunovations.com\/mcqs\/wp-content\/uploads\/2023\/06\/Free-MCQ-App-300x50.jpg 300w, https:\/\/edunovations.com\/mcqs\/wp-content\/uploads\/2023\/06\/Free-MCQ-App-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Free GK MCQ App<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"Free-Daily-Current-Affairs-MCQ-App\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.edunovations.quiz\" target=\"_blank\" rel=\"Free Daily Current Affairs MCQ App noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/mcqs\/wp-content\/uploads\/2023\/06\/Banner-current-affairs-2.jpg\" alt=\"Free Daily Current Affairs MCQ App\" class=\"wp-image-744\" title=\"Free Daily Current Affairs MCQ App\" srcset=\"https:\/\/edunovations.com\/mcqs\/wp-content\/uploads\/2023\/06\/Banner-current-affairs-2.jpg 900w, https:\/\/edunovations.com\/mcqs\/wp-content\/uploads\/2023\/06\/Banner-current-affairs-2-300x50.jpg 300w, https:\/\/edunovations.com\/mcqs\/wp-content\/uploads\/2023\/06\/Banner-current-affairs-2-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Free Daily Current Affairs MCQ App<\/figcaption><\/figure>\n\n\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6643489308705072\" crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\" style=\"display:block\" data-ad-format=\"autorelaxed\" data-ad-client=\"ca-pub-6643489308705072\" data-ad-slot=\"2759669284\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>Introduction To Micro Economics &#8211; Indian Economy GK MCQ ( \u0938\u0942\u0915\u094d\u0937\u094d\u092e \u0905\u0930\u094d\u0925\u0936\u093e\u0938\u094d\u0924\u094d\u0930 \u0915\u093e \u092a\u0930\u093f\u091a\u092f ) Enhance your understanding of microeconomics with a comprehensive collection of Multiple Choice Questions (MCQs) sourced from previous year papers of various competitive exams, including UPSC IAS. Test your knowledge, sharpen your analytical skills, and stay updated with the fundamental principles [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[75],"tags":[109,773,777,775,771,91,772,589,776,774,590],"class_list":["post-894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-economy","tag-competitive-exams","tag-consumer-behavior","tag-cost-analysis","tag-market-behavior","tag-market-structures","tag-mcqs","tag-microeconomics","tag-previous-year-papers","tag-production","tag-supply-and-demand","tag-upsc-ias","entry","has-media"],"_links":{"self":[{"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/posts\/894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/comments?post=894"}],"version-history":[{"count":0,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/posts\/894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/media\/896"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/media?parent=894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/categories?post=894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/tags?post=894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}