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- Question
A business owned by one person
Options- A. Sole proprietorship
- B. Non profit
- C. Limited liability
- D. None of the above
- Correct Answer
- Sole proprietorship
ExplanationA business owned by one person and operates for their benefits is called as Sole Proprietorship or sole trader.
- 1. Sales commissions are classified as
Options- A. period costs
- B. indirect labor
- C. overhead costs
- D. product costs Discuss
- 2. Money spent on government programs is referred to as
Options- A. Revenue
- B. Obligation
- C. Expenditure
- D. Bonding Discuss
- 3. The term market in economics refers to Discuss
- 4. Economics deals primarily with the concept of
Options- A. Poverty
- B. Money
- C. Scarcity
- D. Banking Discuss
- 5. Economics is the study of how society manages its
Options- A. Limited resources & limited wants
- B. Unlimited wants & unlimited resources
- C. Limited wants & unlimited resources
- D. Limited resources & unlimited wants Discuss
- 6. GDP at factor cost is
Options- A. GDP minus indirect taxes plus subsidies
- B. GNP minus depreciation allowances
- C. NNP plus depreciation allowances
- D. GDP minus subsidies plus indirect taxes Discuss
- 7. Under which plan did the Government Introduce an agricultural strategy which gave rise to Green Rrevolution
Options- A. Second five year plan
- B. Third five year plan
- C. Fourth five year plan
- D. Sixth five year plan Discuss
- 8. Which sector of Indian Economy has shown remarkable expansion during the last decade
Options- A. Primary sector
- B. Secondary sector
- C. Terrrtiary sector
- D. Mining sector Discuss
- 9. Which of the following is definitelyy a major indication of the state of the economy of the country
Options- A. rate of GDP growth
- B. rate of inflation
- C. number of banks in a country
- D. stock of food grains in a country Discuss
- 10. Which of the following Schemes was launched to promote basic education in India and attract children in School going age to attend the classes?
Options- A. Pulse Polio Abhiyan
- B. Operation Flood
- C. Mid-Day Meal Schema
- D. Operation Black Board Discuss
Indian Economy problems
Search Results
Correct Answer: product costs
Correct Answer: Expenditure
Explanation:
Money spent by the government on government programs such as road work, electricity work, manhole, etc... that are aiming to contribute to the nation's social welfare in long and short term are referred to as Goverment Expenditures.
Correct Answer: The term market in economics refers to the place or arrangement where the buyers and sellers come to contact directly or indirectly for buying and selling goods Market refers to not a specific or particular place it is the place for commodities
Correct Answer: Scarcity
Correct Answer: Limited wants & unlimited resources
Explanation:
Economics is the study of how society manages its scarce resources i.e, Limited wants & unlimited resources.
Correct Answer: GDP minus indirect taxes plus subsidies
Correct Answer: Third five year plan
Correct Answer: Terrrtiary sector
Correct Answer: rate of GDP growth
Correct Answer: Mid-Day Meal Schema
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