{"id":38253,"date":"2019-11-27T10:21:02","date_gmt":"2019-11-27T04:51:02","guid":{"rendered":"https:\/\/cracku.in\/blog\/?p=38253"},"modified":"2019-11-27T10:54:39","modified_gmt":"2019-11-27T05:24:39","slug":"top-50-economics-questions-for-all-competitive-exams","status":"publish","type":"post","link":"https:\/\/cracku.in\/blog\/top-50-economics-questions-for-all-competitive-exams\/","title":{"rendered":"Top-50 Economics Questions for all Competitive exams"},"content":{"rendered":"<h1><span style=\"text-decoration: underline; font-size: 18pt;\"><strong><span style=\"font-family: 'times new roman', times, serif;\">Top-50 Economics Questions for all Competitive exams<\/span><\/strong><\/span><\/h1>\n<p>Latest and Most Important Questions on\u00a0Economics to crack all Competitive Exams. Download the PDF and go through the video explanations of the most important questions on Economics and practice them by downloading the PDF provided below. Feel free to visit our website to get access to the free content.<\/p>\n<p><p class=\"text-center\"><a href=\"https:\/\/cracku.in\/downloads\/7496\" target=\"_blank\" class=\"btn btn-danger  download\">Download Top-50 Economics Questions PDF<\/a><\/p><br \/>\n<p class=\"text-center\"><a href=\"https:\/\/cracku.in\/pass\" target=\"_blank\" class=\"btn btn-info \">Take 780+ mocks for Rs. 100. Use coupon GOVTJOB<\/a><\/p><\/p>\n<h2>Read this Post in <a style=\"color: blue;\" href=\"https:\/\/cracku.in\/blog\/hindi\/top-50-economics-questions-for-all-competitive-exams-in-hindi\/\">Hindi<\/a><\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/W4mgk8efQ7g\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><b>Question 1:\u00a0<\/b>In the recent rail fare hike effected by the Union Government, what was the amount of hike in percentage terms?<\/p>\n<p>a)\u00a06.5 %<\/p>\n<p>b)\u00a09.4 %<\/p>\n<p>c)\u00a014.2 %<\/p>\n<p>d)\u00a018.6%<\/p>\n<p>e)\u00a023.3 %<\/p>\n<p><b>Question 2:\u00a0<\/b>Electricity, gas and water supply comes under which sector?<\/p>\n<p>a)\u00a0Primary sector<\/p>\n<p>b)\u00a0Secondary sector<\/p>\n<p>c)\u00a0Tertiary sector<\/p>\n<p>d)\u00a0None of these<\/p>\n<p><b>Question 3:\u00a0<\/b>The tenure of long term loans in a bank is generally for how many years?<\/p>\n<p>a)\u00a0Above 1 year<\/p>\n<p>b)\u00a0Above 2 years<\/p>\n<p>c)\u00a0Above 3 years<\/p>\n<p>d)\u00a0Above 4 years<\/p>\n<p><b>Question 4:\u00a0<\/b>Who\u00a0are\u00a0the\u00a0main bearers of the burden of the Indirect tax ?<\/p>\n<p>a)\u00a0Manufactures<\/p>\n<p>b)\u00a0Traders<\/p>\n<p>c)\u00a0Consumers<\/p>\n<p>d)\u00a0Tax Payers<\/p>\n<p><b>Question 5:\u00a0<\/b>An increase of 1% per annum in the rate of growth of the money supply will increase in\ufb02ation in the long run by .<\/p>\n<p>a)\u00a0Zero percent<\/p>\n<p>b)\u00a0One percent<\/p>\n<p>c)\u00a00.5 percent<\/p>\n<p>d)\u00a0More than one percent<\/p>\n<p><b>Question 6:\u00a0<\/b>The goods which people consume more, when their price rises are called _______.<\/p>\n<p>a)\u00a0Essential goods<\/p>\n<p>b)\u00a0Capital goods<\/p>\n<p>c)\u00a0Veblen goods<\/p>\n<p>d)\u00a0Giffen goods<\/p>\n<p><b>Question 7:\u00a0<\/b>The person who invests large amounts in stocks, property or other ventures taking risks in the hope of gain is?<\/p>\n<p>a)\u00a0Buyer<\/p>\n<p>b)\u00a0Seller<\/p>\n<p>c)\u00a0Serial Investor<\/p>\n<p>d)\u00a0Speculator<\/p>\n<p><b>Question 8:\u00a0<\/b>In product life cycle, the cost of one unit is generally high in which stage?<\/p>\n<p>a)\u00a0Final<\/p>\n<p>b)\u00a0Introductory<\/p>\n<p>c)\u00a0Intermediate<\/p>\n<p>d)\u00a0Immediately before the final stage<\/p>\n<p><b>Question 9:\u00a0<\/b>Which bank finances exports and imports?<\/p>\n<p>a)\u00a0NABARD<\/p>\n<p>b)\u00a0EXIM Bank<\/p>\n<p>c)\u00a0IDBI<\/p>\n<p>d)\u00a0SIDBI<\/p>\n<p><b>Question 10:\u00a0<\/b>Economic planning in India is in___________.<\/p>\n<p>a)\u00a0Union List<\/p>\n<p>b)\u00a0State list<\/p>\n<p>c)\u00a0Concurrent List<\/p>\n<p>d)\u00a0No option is correct.<\/p>\n<p class=\"text-center\"><a href=\"https:\/\/cracku.in\/ssc-cgl-previous-papers\" target=\"_blank\" class=\"btn btn-alone \">SSC CGL Previous Papers Download PDF<\/a><\/p>\n<p class=\"text-center\"><a href=\"https:\/\/cracku.in\/ssc-cgl-online-mock-tests\" target=\"_blank\" class=\"btn btn-danger \">SSC CGL Free Mock Test<\/a><\/p>\n<p><b>Question 11:\u00a0<\/b>Which unemployment is the result of depression in an economy?<\/p>\n<p>a)\u00a0Frictional Unemployment<\/p>\n<p>b)\u00a0Cyclical Unemployment<\/p>\n<p>c)\u00a0Open Unemployment<\/p>\n<p>d)\u00a0Seasonal Unemployment<\/p>\n<p><b>Question 12:\u00a0<\/b>If cash reserve ratio decreases, credit creation will _______.<\/p>\n<p>a)\u00a0increase<\/p>\n<p>b)\u00a0decrease<\/p>\n<p>c)\u00a0does not change<\/p>\n<p>d)\u00a0first decreases than increases<\/p>\n<p><b>Question 13:\u00a0<\/b>Monopoly means<\/p>\n<p>a)\u00a0Single Buyer<\/p>\n<p>b)\u00a0Many Sellers<\/p>\n<p>c)\u00a0Single Seller<\/p>\n<p>d)\u00a0Many Buyers<\/p>\n<p><b>Question 14:\u00a0<\/b>India Paper currency started in?<\/p>\n<p>a)\u00a01860<\/p>\n<p>b)\u00a01861<\/p>\n<p>c)\u00a01862<\/p>\n<p>d)\u00a01863<\/p>\n<p><b>Question 15:\u00a0<\/b>Who has written the book&#8221; Capital &amp; Growth&#8221;?<\/p>\n<p>a)\u00a0A.R Rodon<\/p>\n<p>b)\u00a0Hicks<\/p>\n<p>c)\u00a0Adam Smith<\/p>\n<p>d)\u00a0Marshall<\/p>\n<p><b>Question 16:\u00a0<\/b>According to the classical system, Saving is a function of?<\/p>\n<p>a)\u00a0Income<\/p>\n<p>b)\u00a0Interest rate<\/p>\n<p>c)\u00a0Real wage<\/p>\n<p>d)\u00a0Price Level<\/p>\n<p><b>Question 17:\u00a0<\/b>Banks in India were nationalised for the first time in the year?<\/p>\n<p>a)\u00a01950<\/p>\n<p>b)\u00a01960<\/p>\n<p>c)\u00a01969<\/p>\n<p>d)\u00a01979<\/p>\n<p><b>Question 18:\u00a0<\/b>Debenture holder of a company is its?<\/p>\n<p>a)\u00a0Share holders<\/p>\n<p>b)\u00a0Creditors<\/p>\n<p>c)\u00a0Debtors<\/p>\n<p>d)\u00a0Directors<\/p>\n<p><b>Question 19:\u00a0<\/b>The bank cheques are processed by using?<\/p>\n<p>a)\u00a0OCR<\/p>\n<p>b)\u00a0MICR<\/p>\n<p>c)\u00a0OMR<\/p>\n<p>d)\u00a0PMR<\/p>\n<p><b>Question 20:\u00a0<\/b>Excise duty is levied on<\/p>\n<p>a)\u00a0sale of goods<\/p>\n<p>b)\u00a0production of goods<\/p>\n<p>c)\u00a0import of goods<\/p>\n<p>d)\u00a0export of goods<\/p>\n<p class=\"text-center\"><a href=\"https:\/\/cracku.in\/ssc-cgl-previous-papers\" target=\"_blank\" class=\"btn btn-alone \">SSC CGL Previous Papers Download PDF<\/a><\/p>\n<p class=\"text-center\"><a href=\"https:\/\/cracku.in\/ssc-cgl-online-mock-tests\" target=\"_blank\" class=\"btn btn-danger \">SSC CGL Free Mock Test<\/a><\/p>\n<p><b>Question 21:\u00a0<\/b>Depreciation is loss in value of ________<\/p>\n<p>a)\u00a0Final goods<\/p>\n<p>b)\u00a0Machinery<\/p>\n<p>c)\u00a0Capital stock<\/p>\n<p>d)\u00a0Stock of inventory<\/p>\n<p><b>Question 22:\u00a0<\/b>Fishing comes under which sector of economic activity?<\/p>\n<p>a)\u00a0Quaternary sector<\/p>\n<p>b)\u00a0Secondary sector<\/p>\n<p>c)\u00a0Tertiary sector<\/p>\n<p>d)\u00a0Primary sector<\/p>\n<p><b>Question 23:\u00a0<\/b>_____ unemployment happens when people are not able to find jobs during some months of the year.<\/p>\n<p>a)\u00a0Seasonal<\/p>\n<p>b)\u00a0Disguised<\/p>\n<p>c)\u00a0Educated<\/p>\n<p>d)\u00a0Uneducated<\/p>\n<p><b>Question 24:\u00a0<\/b>Micro-economics is also called __________<\/p>\n<p>a)\u00a0Profit theory<\/p>\n<p>b)\u00a0Loss theory<\/p>\n<p>c)\u00a0Price theory<\/p>\n<p>d)\u00a0Expenditure theory<\/p>\n<p><b>Question 25:\u00a0<\/b>What does the Lorenz curve deal with?<\/p>\n<p>a)\u00a0Inflation<\/p>\n<p>b)\u00a0Unemployment<\/p>\n<p>c)\u00a0Income distribution<\/p>\n<p>d)\u00a0Poverty<\/p>\n<p><b>Question 26:\u00a0<\/b>The Consumer Price Index is published by<\/p>\n<p>a)\u00a0Labour Bureau<\/p>\n<p>b)\u00a0Central Statistics Office<\/p>\n<p>c)\u00a0Economic Advisor<\/p>\n<p>d)\u00a0Both B and C<\/p>\n<p><b>Question 27:\u00a0<\/b>Lowering of value of currency relative to a foreign reference currency is called &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/p>\n<p>a)\u00a0Devaluation<\/p>\n<p>b)\u00a0Revaluation<\/p>\n<p>c)\u00a0Down valuation<\/p>\n<p>d)\u00a0Negative valuation<\/p>\n<p><b>Question 28:\u00a0<\/b>A taxation is a tool of?<\/p>\n<p>a)\u00a0Monetary policy<\/p>\n<p>b)\u00a0Fiscal policy<\/p>\n<p>c)\u00a0Price policy<\/p>\n<p>d)\u00a0Wage policy<\/p>\n<p><b>Question 29:\u00a0<\/b>World&#8217;s first green Islamic bond was issued by which country?<\/p>\n<p>a)\u00a0Indonesia<\/p>\n<p>b)\u00a0Malaysia<\/p>\n<p>c)\u00a0Saudi Arabia<\/p>\n<p>d)\u00a0Iraq<\/p>\n<p><b>Question 30:\u00a0<\/b>Which body finances the Micro, Small and Medium-Scale Enterprises in India?<\/p>\n<p>a)\u00a0NABARD<\/p>\n<p>b)\u00a0SIDBI<\/p>\n<p>c)\u00a0RBI<\/p>\n<p>d)\u00a0SEBI<\/p>\n<p class=\"text-center\"><a href=\"https:\/\/cracku.in\/ssc-cgl-previous-papers\" target=\"_blank\" class=\"btn btn-alone \">SSC CGL Previous Papers Download PDF<\/a><\/p>\n<p class=\"text-center\"><a href=\"https:\/\/cracku.in\/ssc-cgl-online-mock-tests\" target=\"_blank\" class=\"btn btn-danger \">SSC CGL Free Mock Test<\/a><\/p>\n<p><b>Question 31:\u00a0<\/b>What does R stand for in \u201cMUDRA\u201d bank?<\/p>\n<p>a)\u00a0Refinance<\/p>\n<p>b)\u00a0Rural<\/p>\n<p>c)\u00a0Research<\/p>\n<p>d)\u00a0Rating<\/p>\n<p><b>Question 32:\u00a0<\/b>What was the main aim of First Five Year Plan?<\/p>\n<p>a)\u00a0Self-dependent<\/p>\n<p>b)\u00a0Industrial growth<\/p>\n<p>c)\u00a0Economic growth<\/p>\n<p>d)\u00a0Agricultural growth<\/p>\n<p><b>Question 33:\u00a0<\/b>A ___________ deficit is financed by net capital flows from the rest of the world, thus by a capital account surplus.<\/p>\n<p>a)\u00a0Current Account<\/p>\n<p>b)\u00a0Savings Account<\/p>\n<p>c)\u00a0Capital Account<\/p>\n<p>d)\u00a0Asset Account<\/p>\n<p><b>Question 34:\u00a0<\/b>A certain percentage of bank\u2019s deposits is kept in the form of cash with the Reserve Bank of India. This is referred to?<\/p>\n<p>a)\u00a0SLR<\/p>\n<p>b)\u00a0CRR<\/p>\n<p>c)\u00a0Bank rate<\/p>\n<p>d)\u00a0Repo rate<\/p>\n<p><b>Question 35:\u00a0<\/b>The short run marginal cost curve is ____ shaped.<\/p>\n<p>a)\u00a0U<\/p>\n<p>b)\u00a0V<\/p>\n<p>c)\u00a0X<\/p>\n<p>d)\u00a0W<\/p>\n<p><b>Question 36:\u00a0<\/b>What is the highest percentage slab for GST in India?<\/p>\n<p>a)\u00a020%<\/p>\n<p>b)\u00a032%<\/p>\n<p>c)\u00a025%<\/p>\n<p>d)\u00a028%<\/p>\n<p><b>Question 37:\u00a0<\/b>Money market is a market for _______________<\/p>\n<p>a)\u00a0Short term fund<\/p>\n<p>b)\u00a0Long term fund<\/p>\n<p>c)\u00a0Negotiable instruments<\/p>\n<p>d)\u00a0Sale of shares<\/p>\n<p><b>Question 38:\u00a0<\/b>When the money supply rises, then LM curve<\/p>\n<p>a)\u00a0Parallel to the horizontal axis<\/p>\n<p>b)\u00a0Shifts to the left<\/p>\n<p>c)\u00a0Shifts to the right<\/p>\n<p>d)\u00a0Does not change at all<\/p>\n<p><b>Question 39:\u00a0<\/b>Disguised unemployment in India is mainly related to<\/p>\n<p>a)\u00a0Agricultural sector<\/p>\n<p>b)\u00a0Rural Area<\/p>\n<p>c)\u00a0Factory sector<\/p>\n<p>d)\u00a0Urban Area<\/p>\n<p><b>Question 40:\u00a0<\/b>Perfectly inelastic demand is equal to:<\/p>\n<p>a)\u00a0One<\/p>\n<p>b)\u00a0Zero<\/p>\n<p>c)\u00a0Infinite<\/p>\n<p>d)\u00a0Greater than one<\/p>\n<p class=\"text-center\"><a href=\"https:\/\/cracku.in\/ssc-cgl-previous-papers\" target=\"_blank\" class=\"btn btn-alone \">SSC CGL Previous Papers Download PDF<\/a><\/p>\n<p class=\"text-center\"><a href=\"https:\/\/cracku.in\/ssc-cgl-online-mock-tests\" target=\"_blank\" class=\"btn btn-danger \">SSC CGL Free Mock Test<\/a><\/p>\n<p><b>Question 41:\u00a0<\/b>Which plan emphasized removal of poverty for the first time?<\/p>\n<p>a)\u00a04th<\/p>\n<p>b)\u00a05th<\/p>\n<p>c)\u00a06th<\/p>\n<p>d)\u00a07th<\/p>\n<p><b>Question 42:\u00a0<\/b>The demand for an inferior good decreases with ________ in the consumer&#8217;s income.<\/p>\n<p>a)\u00a0increase<\/p>\n<p>b)\u00a0decrease<\/p>\n<p>c)\u00a0constant<\/p>\n<p>d)\u00a0double<\/p>\n<p><b>Question 43:\u00a0<\/b>What does Individual Vulnerability refer to in Economics?<\/p>\n<p>a)\u00a0The threat to Intellectual property<\/p>\n<p>b)\u00a0The threat of Exploitation<\/p>\n<p>c)\u00a0The threat to health<\/p>\n<p>d)\u00a0The threat of poverty<\/p>\n<p><b>Question 44:\u00a0<\/b>Which institution is responsible for calculating the GDP of India?<\/p>\n<p>a)\u00a0Ministry of Finance<\/p>\n<p>b)\u00a0Reserve Bank of India<\/p>\n<p>c)\u00a0Central Statistics Office<\/p>\n<p>d)\u00a0Chief Economic Advisor<\/p>\n<p><b>Question 45:\u00a0<\/b>Dave committee is associated with?<\/p>\n<p>a)\u00a0Stock<\/p>\n<p>b)\u00a0Mutual funds<\/p>\n<p>c)\u00a0MICR<\/p>\n<p>d)\u00a0Final account<\/p>\n<p><b>Question 46:\u00a0<\/b>The factor that least influences exchange rate fluctuations:<\/p>\n<p>a)\u00a0Industrial Production<\/p>\n<p>b)\u00a0Investor sentiments<\/p>\n<p>c)\u00a0Interest Rates<\/p>\n<p>d)\u00a0Consumer Price Index<\/p>\n<p>e)\u00a0Goods and Service Tax<\/p>\n<p><b>Question 47:\u00a0<\/b>What is GST?<\/p>\n<p>a)\u00a0A direct tax<\/p>\n<p>b)\u00a0An indirect tax<\/p>\n<p>c)\u00a0A corporate tax<\/p>\n<p>d)\u00a0A municipal tax<\/p>\n<p><b>Question 48:\u00a0<\/b>Which body is the regulator of the commodity market in India?<\/p>\n<p>a)\u00a0Securities and Exchange Board of India<\/p>\n<p>b)\u00a0Reserve Bank of India<\/p>\n<p>c)\u00a0Forward Markets Commission<\/p>\n<p>d)\u00a0National Bank for Agriculture and Rural Development<\/p>\n<p><b>Question 49:\u00a0<\/b>Railway budget is merged with Union budget of India from which year?<\/p>\n<p>a)\u00a02017<\/p>\n<p>b)\u00a02016<\/p>\n<p>c)\u00a02015<\/p>\n<p>d)\u00a02018<\/p>\n<p><b>Question 50:\u00a0<\/b>What is the present GST rate on movie tickets of cost less than or equal to Rs.100?<\/p>\n<p>a)\u00a05%<\/p>\n<p>b)\u00a028%<\/p>\n<p>c)\u00a012%<\/p>\n<p>d)\u00a018%<\/p>\n<p class=\"text-center\"><a href=\"https:\/\/www.youtube.com\/channel\/UCVFahh7Fd1b4sPUpq2mtxpg\" target=\"_blank\" class=\"btn btn-warning \">FREE SSC EXAM YOUTUBE VIDEOS<\/a><\/p>\n<p class=\"text-center\"><a href=\"https:\/\/cracku.in\/ssc-cpo-previous-papers\" target=\"_blank\" class=\"btn btn-info \">Download SSC CPO Previous Papers PDF<\/a><\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Answers &amp; Solutions:<\/strong><\/span><\/p>\n<p><strong>1)\u00a0Answer\u00a0(C)<\/strong><\/p>\n<p><strong>2)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>3)\u00a0Answer\u00a0(C)<\/strong><\/p>\n<p><strong>4)\u00a0Answer\u00a0(C)<\/strong><\/p>\n<p><strong>5)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>6)\u00a0Answer\u00a0(D)<\/strong><\/p>\n<p><strong>7)\u00a0Answer\u00a0(D)<\/strong><\/p>\n<p><strong>8)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>9)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>10)\u00a0Answer\u00a0(C)<\/strong><\/p>\n<p><strong>11)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>12)\u00a0Answer\u00a0(A)<\/strong><\/p>\n<p><strong>13)\u00a0Answer\u00a0(C)<\/strong><\/p>\n<p><strong>14)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>15)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>16)\u00a0Answer\u00a0(A)<\/strong><\/p>\n<p><strong>17)\u00a0Answer\u00a0(C)<\/strong><\/p>\n<p><strong>18)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>19)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>20)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>21)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>22)\u00a0Answer\u00a0(D)<\/strong><\/p>\n<p><strong>23)\u00a0Answer\u00a0(A)<\/strong><\/p>\n<p><strong>24)\u00a0Answer\u00a0(A)<\/strong><\/p>\n<p><strong>25)\u00a0Answer\u00a0(C)<\/strong><\/p>\n<p class=\"text-center\"><a href=\"https:\/\/cracku.in\/ssc-cpo-mock-test\" target=\"_blank\" class=\"btn btn-info \">SSC CPO Free Mock Tests<\/a><\/p>\n<p class=\"text-center\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.cracku.app&amp;hl=en_US\" target=\"_blank\" class=\"btn btn-danger \">DOWNLOAD APP FOR SSC FREE MOCKS<\/a><\/p>\n<p><strong>26)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>27)\u00a0Answer\u00a0(A)<\/strong><\/p>\n<p><strong>28)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>29)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p>[ NOT ANSWERED ]<\/p>\n<p><strong>30)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>31)\u00a0Answer\u00a0(A)<\/strong><\/p>\n<p><strong>32)\u00a0Answer\u00a0(D)<\/strong><\/p>\n<p><strong>33)\u00a0Answer\u00a0(A)<\/strong><\/p>\n<p><strong>34)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>35)\u00a0Answer\u00a0(A)<\/strong><\/p>\n<p><strong>36)\u00a0Answer\u00a0(D)<\/strong><\/p>\n<p><strong>37)\u00a0Answer\u00a0(A)<\/strong><\/p>\n<p><strong>38)\u00a0Answer\u00a0(C)<\/strong><\/p>\n<p><strong>39)\u00a0Answer\u00a0(A)<\/strong><\/p>\n<p><strong>40)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>41)\u00a0Answer\u00a0(A)<\/strong><\/p>\n<p><strong>42)\u00a0Answer\u00a0(A)<\/strong><\/p>\n<p>Increase is the correct word because when people&#8217;s income increases, they start looking for superior goods and hence demand for inferior goods decreases.<\/p>\n<p><strong>43)\u00a0Answer\u00a0(D)<\/strong><\/p>\n<p><strong>44)\u00a0Answer\u00a0(C)<\/strong><\/p>\n<p><strong>45)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>46)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>47)\u00a0Answer\u00a0(B)<\/strong><\/p>\n<p><strong>48)\u00a0Answer\u00a0(C)<\/strong><\/p>\n<p><strong>49)\u00a0Answer\u00a0(A)<\/strong><\/p>\n<p><strong>50)\u00a0Answer\u00a0(C)<\/strong><\/p>\n<p class=\"text-center\"><a href=\"https:\/\/cracku.in\/ssc-cpo-mock-test\" target=\"_blank\" class=\"btn btn-info \">SSC CPO Free Mock Tests<\/a><\/p>\n<p class=\"text-center\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.cracku.app&amp;hl=en_US\" target=\"_blank\" class=\"btn btn-danger \">DOWNLOAD APP FOR SSC FREE MOCKS<\/a><\/p>\n<p>We hope this Important Economics Questions for All Competitive\u00a0 Exams will be highly useful for your preparation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Top-50 Economics Questions for all Competitive exams Latest and Most Important Questions on\u00a0Economics to crack all Competitive Exams. Download the PDF and go through the video explanations of the most important questions on Economics and practice them by downloading the PDF provided below. Feel free to visit our website to get access to the free [&hellip;]<\/p>\n","protected":false},"author":50,"featured_media":38266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"footnotes":""},"categories":[1911,1627,1244,1629,8,1254,169,1258,1585,1127,2071,2067,2069,277,255,285,1665,31,243,1701,1679,1897,1605,1603,1601,1673,231,9,504,378,1493,1459,1611,1741,1268,1441,1],"tags":[1252,168,2461],"class_list":{"0":"post-38253","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ap-exams-en","8":"category-ap-si","9":"category-appsc","10":"category-apslprb","11":"category-banking","12":"category-competitive-exams","13":"category-downloads","14":"category-ib","15":"category-ib-security-assistant-answer-key","16":"category-ibps-rrb","17":"category-ibps-rrb-clerk-en","18":"category-ibps-rrb-clerk","19":"category-ibps-rrb-po","20":"category-ibps-so","21":"category-ibps-specialist-officer-so","22":"category-latest-jobs","23":"category-lic","24":"category-railways","25":"category-rbi","26":"category-rpf-si-and-constable","27":"category-rrb-group-d","28":"category-rrb-group-d-2","29":"category-rrb-je","30":"category-rrb-ntpc","31":"category-rrb-ntpc-je","32":"category-rrb-para-medical-categories","33":"category-sbipo","34":"category-ssc","35":"category-ssc-cgl","36":"category-ssc-chsl","37":"category-ssc-cpo","38":"category-ssc-gd","39":"category-ssc-je","40":"category-ssc-mts","41":"category-ssc-stenographer","42":"category-stenographer","43":"category-uncategorized","44":"tag-all-competitive-exams","45":"tag-download-pdf","46":"tag-economics"},"better_featured_image":{"id":38266,"alt_text":"Top-50 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