Indian Economy Questions Practice Question and Answer
8 Q: Multinational firm is–
946 0632c4aa65c208a6bf7eb3703
632c4aa65c208a6bf7eb3703- 1A company started by foreign governmentsfalse
- 2A single company established in different countriestrue
- 3A company in India started by U.S. governmentfalse
- 4A company started jointly by India and U.S. Ans.false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "A single company established in different countries "
Q: Amartya Sen was awarded the Noble Prize for his contribution to–
937 06336e5cc30141c336c3a466b
6336e5cc30141c336c3a466b- 1Monetary Economicsfalse
- 2Welfare Economicstrue
- 3Econometricsfalse
- 4Development Economicsfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Welfare Economics"
Explanation :
Explain: -For Welfare Economics and Social Choice Theory, Amartya Sen, in 1998 was awarded the Noble Prize. Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level. ... The field of welfare economics is associated with two fundamental theorems.
Q: The Surplus earned by a factor other thus land in the short period is referred as –
928 06336e47593021d4ee41b07e3
6336e47593021d4ee41b07e3- 1Economic Rentfalse
- 2Net Rentfalse
- 3Quasi-Renttrue
- 4Super-Normal Rentfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Quasi-Rent "
Explanation :
Explain: -The Surplus earned by a factor other than land in the short period is referred as quasi-rent.
Q: Fiscal policy refers to–
921 0604204a852454a7005b1d4c2
604204a852454a7005b1d4c2- 1Government borrowings from abroadfalse
- 2Sharing of its revenue by Central Government with Statesfalse
- 3Sale and purchase of securities by RBIfalse
- 4Government taxes, expenditure and borrowingstrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Government taxes, expenditure and borrowings"
Q: What will happen if labour productivity is increased?
921 06336ddd130141c336c39f75f
6336ddd130141c336c39f75f- 1Balanced cash wage will decreasefalse
- 2Competitive firms will be forced to invest morefalse
- 3Labour demand curve will shift towards righttrue
- 4None of the above.false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Labour demand curve will shift towards right"
Explanation :
Explanation:- If there is low marginal labour production, then after giving wages there will be profit from marginal labourer. Ultimately, demand of labour will increase and labour demand curve will shift towards right.
Q: The basic characteristic of a capitalistic economy is–
919 06042013672ea7a693838292c
6042013672ea7a693838292c- 1absence of monopolyfalse
- 2large-scale production in primary industriesfalse
- 3full employmentfalse
- 4the private ownership of the means of productiontrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "the private ownership of the means of production"
Q: The National Mission for Saffron has been launched as a sub- scheme of which among the following programmes?
911 06411772f539cee0fcabd9ebe
6411772f539cee0fcabd9ebe- 1National Food Security Missionfalse
- 2National Cash Crop Programmefalse
- 3National Horticulture Missionfalse
- 4Rashtriya Krishi Vikas Yojanatrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Rashtriya Krishi Vikas Yojana"
Q: The Removal of prohibitions and hindrance by the government is called.
904 0632c5e285c208a6bf7ebaca7
632c5e285c208a6bf7ebaca7- 1Globalisationfalse
- 2Privatisationfalse
- 3Liberalisationtrue
- 4Bilateral understanding.false
- Show AnswerHide Answer
- Workspace
- SingleChoice