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Economics Questions Answers

Q51 :

'Economic drain' theory was popularized by—

A
  

The Britishers

B
  

Dadabhai Naoroji

C
  

Vera Anstey

D
  

V.V. Bhatt

View Answer
Correct Answer: B

Dadabhai Naoroji

No Description Available
Q52 :

When income increases, consumption also increases—

A
  

None of the options

B
  

in a lower proportion

C
  

in a higher proportion

D
  

in the same proportion

View Answer
Correct Answer: B

in a lower proportion

No Description Available
Q53 :

The difference in the value of visible exports and visible imports is called?

A
  

Balance of Trade

B
  

Balance of Account

C
  

Balance Sheet of items

D
  

Balance of Payments

View Answer
Correct Answer: A

Balance of Trade

No Description Available
Q54 :

What was the growth rate of National Income during First Five Year Plan?

A
  

15%

B
  

16%

C
  

17%

D
  

18%

View Answer
Correct Answer: D

18%

No Description Available
Q55 :

In which year International Monetary Fund was set up?

A
  

1944

B
  

1945

C
  

1946

D
  

1947

View Answer
Correct Answer: A

1944

No Description Available
Q56 :

The Central Bank can significantly influence the savings, investments and consumer spending in the economy through which of the following policy?

A
  

Fiscal Policy

B
  

Monetary Policy

C
  

Industrial Policy

D
  

Foreign Exchange Policy

View Answer
Correct Answer: B

Monetary Policy

No Description Available
Q57 :

Which one of the following is not the characteristic of capitalism?

A
  

Individuals and associations behave with economic motive of maximising their profit with least sacrifice or cost

B
  

The country's major means of production are either owned by the Government or their use is controlled by the Government

C
  

Producers, consumers and employees compete among themselves, as the resources and opportunities are limited

D
  

Price, the invisible hand, plays a predominant role in the (low of the factors of production and consumption

View Answer
Correct Answer: B

The country's major means of production are either owned by the Government or their use is controlled by the Government

No Description Available
Q58 :

Which of the following is not the salient feature of the industrial policy developments since 1991?

A
  

The scope of the private sector has been enormously expanded

B
  

Public sector has been with drawing partially or fully from several of the enterprises by divestment

C
  

The Indian industry is increasingly exposed to foreign competition

D
  

Monopoly or dominant position for the public sector in most of the industries and control of the commanding heights of the economy by the public sector

View Answer
Correct Answer: D

Monopoly or dominant position for the public sector in most of the industries and control of the commanding heights of the economy by the public sector

No Description Available
Q59 :

Which of the following does not form the part of the important information to be incorporated in the Memorandum of Association as specified in the Companies Act, 2013?

A
  

The name of the company and the state in which it is situated

B
  

The objects for which the company is proposed to be incorporated

C
  

The rules regulations and bye-laws for the internal management of the company

D
  

The liability of the members of the company, whether limited or unlimited,

View Answer
Correct Answer: C

The rules regulations and bye-laws for the internal management of the company

No Description Available
Q60 :

Assertion (A) : The volume of imports tends to be very high when there is a conjecture of high rate of economic growth and a sharp fall in the relative price of imports and vice versa.
Reason (R) : High rate of growth, ceteris paribus, is associated with rise in imports and increase in the imports, ceteris paribus, is associated with a fall in the relative price of imports.

A
  

Both (A) and (R) are correct and (R) is the right explanation of (A)

B
  

Both (A) and (R) are correct but (R) is not the right explanation of (A)

C
  

(A) is correct but (R) is not correct

D
  

(R) is correct but (A) is not correct

View Answer
Correct Answer: A

Both (A) and (R) are correct and (R) is the right explanation of (A)

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