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- Question
The Income elasticity demand for farm products is
Options- A. High in India
- B. No demand at all
- C. Very low in India
- D. High supply and no demand
- Correct Answer
- Very low in India
ExplanationIncome easticity of demand measures the responsiveness of demand for any goods to changes in income. With increase in incomes generally the demand for farm products like rice wheat etc, will not change drastically. With income increase, demand for luxuries such as consumer durables etc will increase. The income elasticity of demand for farm products is thus low.
- 1. Which sector of Indian Economy has shown remarkable expansion during the last decade
Options- A. Primary Sector
- B. Secondary Sector
- C. Tertiary Sector
- D. Mining Sector Discuss
- 2. In economics,"capital" refers to
Options- A. mineral resources
- B. the money in one's pocket
- C. consumer goods
- D. buildings and equipment Discuss
- 3. Take Off Stage in an economy means
Options- A. All controls are removed
- B. Economy is stagnant
- C. Steady growth begins
- D. Economy is about to collapse Discuss
- 4. India has been placed in the _______ spot in the renewable energy country attractiveness index by EY.
Options- A. 1st
- B. 2nd
- C. 3rd
- D. 4th Discuss
- 5. What is CPC ?
Options- A. Central Person scheme
- B. Central Pay commission
- C. Central Paid determination
- D. Central Pay scheme Discuss
- 6. Where is the Forest Reserve Institute of India located
Options- A. Bhopal
- B. Dehradum
- C. Lucknow
- D. Delhi Discuss
- 7. The State which has the highest percentage of literate unemployed in India is
Options- A. Andhra Pradesh
- B. Manipur
- C. Kerala
- D. Gujarat Discuss
- 8. Which of the following produces maximum crude petroleum in India at present
Options- A. Assam
- B. Gujarat
- C. Off shore Bombay High
- D. Coastal Tamil Nadu Discuss
- 9. TRAI, the name which we read very often in the newspapers, is a regulatory body associated with which of the following sectors
Options- A. Transport
- B. Travel and Tourism
- C. Technical Education
- D. Telecom Discuss
- 10. Who propounded the Market law?
Options- A. J. B. Say
- B. T. R. Malthus
- C. Adam Smith
- D. David Ricardo Discuss
Indian Economy problems
Search Results
Correct Answer: Tertiary Sector
Correct Answer: buildings and equipment
Explanation:
Capital refers to buildings and equipment i.e, goods which are used by workers to produce other goods such as machinery, land, ...
Capital has a number of related meanings in economics, finance, and accounting.
In economics, Capital comprises one of the four major factors of production, the others being land, labor, and entrepreneurship.
In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business.
Correct Answer: Steady growth begins
Explanation:
"Take Off Stage" in an economy means Steady growth begins.
Correct Answer: 2nd
Explanation:
India has been placed in the second spot in the renewable energy country attractiveness index by EY. The UK accountancy firm noted the fast pace of growth in Indian renewable energy in the past three years. Over 10 gigawatt (Gw) of solar power was added between 2015 and 2017 and wind energy capacity grew to 5.4 Gw in 2017-18. This growth is in the context of the government?s ambitious targets ? 175 Gw of renewables by 2022, with 40 per cent installed capacity from renewables by 2030 ? and the dramatic price falls in photovoltaic technology.
Correct Answer: Central Pay commission
Correct Answer: Dehradum
Correct Answer: Kerala
Correct Answer: Off shore Bombay High
Correct Answer: Telecom
Correct Answer: J. B. Say
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