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In which economic system the goods produced are distributed among people not based on what people need but based on Purchasing Power?

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Important Questions on Indian Economy

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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
GST is NOT applicable on which of the following goods or services?
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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
Which of the following which one is non-contractual earning?
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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
In 2018 National Bank for Agriculture and Rural Development (NABARD) began its first centre for climate change. In which city was it started? 
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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
Which union minister has launched the 'PowerTex India scheme' to boost the power loom sector?
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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
Economic growth is usually coupled with _____. 
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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
Monopoly refers to _____.
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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
Disguised unemployment is prominently found in:
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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts

A portion of an individual's total income is spent on consumption. The remaining part is called _____.

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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
In which kind of wants, both parties have agreed to sell and buy each other commodities? 
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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
Which of the following income will not be included in national income calculation?
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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
In the constitution of India, the budget is known as:
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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts

In the Indian economy, agriculture is placed under which sector?

MEDIUM
General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
Monopoly refers to _____.
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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
A portion of an individual's total income is spent on consumption; the remaining part is called:
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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
Liquidity preference theory of interest is propounded by:
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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
The phase of increasing returns is otherwise called: 
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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
In the Constitution of lndia, the budget is known as _____.
MEDIUM
General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
Elasticity of demand of luxury goods is: 
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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
The agricultural price support program is an example of ______.
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General Studies>Economy>Indian Economy>Basic Economics Terms and Concepts
PAN is associated with income tax. What is the full form of PAN?