MEDIUM
Earn 100

Which of the following best describe the nature of Indian economy?

81.08% studentsanswered this correctly

Important Questions on Indian Economy

EASY
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
Which one of the following is the opportunity cost of a chosen activity?
EASY
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts

Which branch of economics deals with the depletion of natural resources stock and pollution, which are a result of rapid economic development?
 

MEDIUM
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts

Which one of the following canons of taxation was not advocated by Adam Smith?

EASY
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
Which of the following is used for allocation of resources?
EASY
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
For the calculation of the 'wholesale price index' in 2019, _____ is taken as the base year.
EASY
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
Which book of economics is known as first book of modern economics?
MEDIUM
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
Which of the following is a characteristic of human wants in terms of economics?
EASY
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
Consumer sovereignty is found in which economy?
EASY
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
Which act of the Parliament set targets for the government to reduce fiscal deficits in India?
MEDIUM
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
Which of the following statements is related to positive economics?
EASY
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
Consumer sovereignty is the characteristic of which economy
EASY
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
In which economic system the government decides what goods are to be produced in accordance with the needs of society?
EASY
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
Human wants are in companion to means to satisfy them.
MEDIUM
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
Suppose that the price of a commodity increases from 790 to 110 and the demand curve shows that the corresponding reduction in quantity demanded is from 240 units to 160 units. Then, the coefficient of the price clasticity of demand will be
EASY
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
A study of how increases in the corporate income tax rate will affect the national unemployment rate an example of
EASY
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
PAN is associated with income tax. What is the full form of PAN?
EASY
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
Which among the following comes under tertiary sector of Indian Economy?
EASY
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
An economy in which both, the private sector and the government are involved is known as a/an_____.
MEDIUM
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
The aggregate value of goods and services produced in an economy can be calculated by three methods: income method, expenditure method and ______ method.
EASY
General Knowledge and General Awareness>Economy>Indian Economy>Basic Economics Terms and Concepts
Liquidity preference theory of interest is propounded by: