Discussion
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- Question
A 'Market Economy' is one which
Options- A. is controlled by the Government
- B. is free from the Government control
- C. in influenced by international market forces
- D. All of these
- Correct Answer
- is free from the Government control
- 1. Economic liberalization in India started with ___________.
Options- A. substantial changes in industrial licensing policy
- B. convertibility of Indian rupee
- C. doing away with procedural formalities for foreign direct investment
- D. significant reduction in tax rates Discuss
- 2. The best solution for overcoming the evil effects of small and uneconomic holdings is: ___________.
Options- A. urbanization of rural population
- B. using capital intensive technology
- C. co-operative farming
- D. rapid industrialization Discuss
- 3. India was able to achieve the fiscal deficit target for the Financial Year 2016-17. It was how much percent of GDP?
Options- A. 3.50%
- B. 4.20%
- C. 3.00%
- D. 2.50% Discuss
- 4. In which of the following types of economy are the factors of production owned individually?
Options- A. Capitalist
- B. Socialist
- C. Mixed
- D. Both Capitalist and Socialist Discuss
- 5. __________ of an input is defined as the change in output per unit of change in the input when all other inputs are held constant.
Options- A. Marginal product
- B. Production function
- C. Total product
- D. Average product Discuss
- 6. Who is the Chief Economic Advisor to the Government of India?
Options- A. Raghu Ram Rajan
- B. Arvind Subramanian
- C. Rajiv Mahirishi
- D. Arvind Pangariya Discuss
- 7. Which of the following brings out the 'Consumer Price Index Number' for Industrial workers?
Options- A. RBI
- B. The Labour Bureau
- C. Commerce Department
- D. NITI Ayog Discuss
- 8. The basis of determining dearness allowance to employees in India is ____________
Options- A. National Income
- B. Consumer Price Index
- C. Standard of Living
- D. Inflation Rate Discuss
- 9. An indifference curve measures the same level of ___________
Options- A. Output from two factors
- B. Satisfaction from two commodities
- C. Satisfaction from Income and Capital
- D. Satisfaction from expenditure and savings Discuss
- 10. Which of the following sets of taxes belongs to Central Government?
Options- A. Excise duty, Sales tax and Custom duty
- B. Income tax, Custom duty and House tax
- C. Excise duty, Custom duty and Income tax
- D. Custom duty, Entertainment tax and Income tax Discuss
Indian Economy problems
Search Results
Correct Answer: substantial changes in industrial licensing policy
Correct Answer: co-operative farming
Correct Answer: 3.50%
Correct Answer: Capitalist
Correct Answer: Marginal product
Correct Answer: Arvind Subramanian
Correct Answer: The Labour Bureau
Correct Answer: Consumer Price Index
Correct Answer: Satisfaction from two commodities
Correct Answer: Excise duty, Custom duty and Income tax
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