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- Question
Which action is an example of domestic policy?
Options- A. The Supreme Court strikes down a law that bans importing inefficient automobiles
- B. A governor decides against running for a second term
- C. The president negotiates a peace treaty between two warring nations
- D. Congress passes a law that grants tax credits for installing solar panels
- Correct Answer
- The Supreme Court strikes down a law that bans importing inefficient automobiles
ExplanationDomestic policy is an area of public policy which concerns laws, government programs, and administrative decisions which are directly related to all issues and activity within a nation's borders.
It differs from foreign policy, which refers to the ways a government advances its interests in world politics.
Hence, Option A, The Supreme Court strikes down a law that bans importing inefficient automobiles is an example of domestic policy action.
- 1. Open market operation is a part of
Options- A. Debit Policy
- B. Deposit Policy
- C. Credit Policy
- D. None of above Discuss
- 2. What is the basic objective of monetary policy? Discuss
- 3. IPR stands for
Options- A. Intellectual Property Rights
- B. International Property Rights
- C. International Postgraduate Research
- D. Indian Property Rights Discuss
- 4. Which of the following is NOT a social development scheme launched by the Government of India
Options- A. Indira Awas Yojana
- B. Kutir Jyoti
- C. LookEast Policy
- D. Operation Black Board Discuss
- 5. The Tehri Hydro Power Complex is located in the State of
Options- A. Uttarakhand
- B. Uttar Pradesh
- C. Himachal Pradesh
- D. Sikkim Discuss
- 6. The largest proportion of federal revenues comes from
Options- A. borrowing
- B. excise taxes
- C. social insurance taxes
- D. personal income taxes Discuss
- 7. Which property classification would include tools? Discuss
- 8. Which of the following represents a positive economic statement?
Options- A. The government should extend unemployment benefits.
- B. The unemployment rate is too high.
- C. Taxes should not be increased since that will lower spending.
- D. The unemployment rate is 4.8 percent. Discuss
- 9. Which ministry has started the exercise to revise base year to 2017 - 2018 for computation of wholesale inflation?
Options- A. Ministry of Commerce and Industry
- B. Ministry of Finance
- C. Ministry of Corporate Affairs
- D. All the above Discuss
- 10. What is true about economic resources?
Options- A. Economic resources are limited.
- B. Economic resources are always controlled by the government.
- C. Economic resources include only money.
- D. Economic resources exist only at the individual level. Discuss
Indian Economy problems
Search Results
Correct Answer: Credit Policy
Explanation:
Open market operations (OMO) refer to the buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system.
Correct Answer: Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency The basic objective of monetary policy is to assist the economy in achieving a full-employment, noninflationary level of total output Cause-effect chain: Changes in the money supply affect interest rates, which affect investment spending and therefore aggregate demand
Correct Answer: Intellectual Property Rights
Explanation:
IPR's stands for Intellectual Property Rights. Intellectual property is the product of the human intellect including creativity concepts, inventions, industrial models, trademarks, songs, literature, symbols, names, brands,....etc.
Correct Answer: LookEast Policy
Correct Answer: Uttarakhand
Correct Answer: personal income taxes
Explanation:
The largest proportion of federal revenues comes from personal income taxes. Almost half of all federal revenue (47 percent) comes from individual income taxes.
Correct Answer: Answer
Correct Answer: The unemployment rate is 4.8 percent.
Correct Answer: Ministry of Commerce and Industry
Explanation:
The India's commerce and industry ministry has started the exercise to revise base year to 2017-18 for computation of wholesale inflation with a view to present more realistic picture of the price situation
In May last year, the government revised the base year for WPI-based inflation to 2011-12 to give a better indication of changes in prices of commodities.
The new index, with 2017-18, is expected to have new items, which would provide a more realistic picture of price rise and its impact on people.
Most of the additions could be in the manufactured products category. Currently, the index has a total of 697 items, including primary articles, fuel and power and manufactured products.
Correct Answer: Economic resources are limited.
Explanation:
Economic resources are those goods and services that can be converted into valuable products for individual and business purposes.
There are four major types of economic resources:
1. land,
2. labor,
3. capital and
4. entrepreneurship.
Land and labor are natural and human resources, while capital means physical resources or money.
Entrepreneurship converts these resources into usable goods.
However, resources have finite values, and proper utilization depends on economic systems and economic decisions.
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