The marginal propensity to consume is the ratio of: MCQ with Answer and Explanation

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The marginal propensity to consume is the ratio of:

A. consumption to saving

B. total consumption to total income

C. change in saving to change in income

D. change in consumption to change in income

Answer: Option D

Solution (By JKSSB Mock Tests)

MPC is the ratio of change in consumption to change in income.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is NOT a type of unemployment recognised in economics?

A. Frictional unemployment

B. Structural unemployment

C. Nominal unemployment

D. Cyclical unemployment

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Correct Answer: Option C

Explanation:
The main types of unemployment are frictional, structural, cyclical and seasonal. 'Nominal unemployment' is not a standard classification.

This question belongs to: Economy GK Economy Set 1

Question #2

Certificate of deposit is issued by:

A. stock exchanges

B. mutual funds

C. banks and financial institutions

D. RBI only

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Correct Answer: Option C

Explanation:
Certificates of deposit are issued by banks and financial institutions.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'International Atomic Energy Agency' is headquartered in:

A. Vienna

B. Paris

C. New York

D. Geneva

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Correct Answer: Option A

Explanation:
The International Atomic Energy Agency is headquartered in Vienna, Austria.

This question belongs to: Economy GK Economy Set 1

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