SSC MTS TOPIC WISE QUESTION PAPER : ECONOMICS

1. A camera in the hands of a professional photographer is a ___________ good. (SSC Multitasking 2013)

(a) Capital
(b) Free
(c) Intermediary
(d) Consumer

ANS (A)

2. A portion of an individual's total income is spent on consumption. The remaining part is called (SSC Multitasking 2014)

(a) Savings
(b) Deposits
(c) Surplus
(d) Excess

ANS (A)

3. Phase of increasing returns is otherwise called (SSC Multitasking 2014)

(a) increasing cost
(b) decreasing cost
(c) increasing revenue
(d) decreasing revenue

ANS (D)

4. Monopoly refers to (SSC Multitasking 2014)

(a) competition among monopolists
(b) absence of competition
(c) a firm charging different prices to different customers
(d) a market situation in which there is only one buyer of a commodity and one seller

ANS (B)

5. Primary sector of an economy includes (SSC Multitasking 2014)

(a) Service sector rendering services like banking, transport, etc. which one of the primary importance
(b) Important enterprises of the manufacturinig sector
(c) Indsutrial sector which is of primary importance for the economy
(d) Agriculture and allied activities

ANS (D)

6. Liquidity preference theory of interest is propounded by (SSC Multitasking 2014)

(a) J.S. Mill
(b) A. Marshall
(c) I. Fisher
(d) J.M. Keynes

ANS (D)

Study Material for Multitasking (Non-Technical) Staff Examination