Discussion
Home ‣ General Knowledge ‣ Indian Economy Comments
- Question
Capitalism falls under _ economic system?
Options- A. Market
- B. Planned
- C. Command
- D. Mixed
- Correct Answer
- Market
ExplanationCapitalism is an economic system in which private individuals or businesses own capital goods i.e, economy is characterized by private ownership of the means of production. The production of goods and services is based on supply and demand in the general market known as a market economy and not on central planning known as a planned economy.
- 1. Full convertibility of a rupee means ?
Options- A. Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply
- B. Repayment of loans in terms of rupees
- C. Payment for imports in terms of rupees
- D. Purchase of foreign exchange for rupees freely Discuss
- 2. Who propounded the Market law?
Options- A. J. B. Say
- B. T. R. Malthus
- C. Adam Smith
- D. David Ricardo Discuss
- 3. 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
- 4. 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
- 5. The State which has the highest percentage of literate unemployed in India is
Options- A. Andhra Pradesh
- B. Manipur
- C. Kerala
- D. Gujarat Discuss
- 6. When development in economy takes place, the share of tertiary sector in National Income
Options- A. first falls and the rises
- B. first rises and then falls
- C. keeps on increasing
- D. remains constant Discuss
- 7. The second Five Year plan was based on
Options- A. Mahalanobis Model
- B. Vakil and Brahmananda's Wage -Goods Model
- C. Harrod - Domar Growth Model
- D. Solow Growth Model Discuss
- 8. The period of Eleventh Five Year Plan is
Options- A. 2005 to 2010
- B. 2006 to 2011
- C. 2007 to 2012
- D. 2008 to 2013 Discuss
- 9. Which one of the following can be called as a part of the Service Sector
Options- A. Textile Mills
- B. Banking
- C. Coal mines
- D. Agriculture Discuss
- 10. A high growth rate of population is characterised by
Options- A. High birth and high death rate
- B. High birth and low death rate
- C. Low birth and low death rate
- D. Low birth and high death rate Discuss
Indian Economy problems
Search Results
Correct Answer: Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply
Correct Answer: J. B. Say
Correct Answer: Telecom
Correct Answer: Off shore Bombay High
Correct Answer: Kerala
Correct Answer: keeps on increasing
Correct Answer: Mahalanobis Model
Correct Answer: 2007 to 2012
Correct Answer: Banking
Correct Answer: High birth and low death rate
Comments
There are no comments.More in General Knowledge:
Programming
Copyright ©CuriousTab. All rights reserved.