Indian Economy problems
- 1. Who propounded the Market law?
Options- A. J. B. Say
- B. T. R. Malthus
- C. Adam Smith
- D. David Ricardo Also asked in: Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: J. B. Say
- 2. 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 Also asked in: Bank Exams, CAT, Bank Clerk, Bank PO
Correct Answer: Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply
- 3. Capitalism falls under _ economic system?
Options- A. Market
- B. Planned
- C. Command
- D. Mixed Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: Market
Explanation:
Capitalism 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.
- 4. 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
Correct Answer: keeps on increasing
- 5. 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
Correct Answer: Mahalanobis Model
- 6. 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
Correct Answer: 2007 to 2012
- 7. 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
Correct Answer: Banking
- 8. 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
Correct Answer: High birth and low death rate
- 9. The largest river of Penisular India is
Options- A. Narmada
- B. Godavari
- C. Mahanadi
- D. Cauvery Discuss
Correct Answer: Godavari
- 10. Major coalfields of India are located in the river valley of
Options- A. Damodar
- B. Godavari
- C. Mahanadi
- D. Wardha Discuss
Correct Answer: Damodar
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