Basic Economics Terms and Concepts

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Basic Economics Terms and Concepts: Overview

This topic covers concepts, such as, Basic Economics Terms and Concepts, Inflation, Unit Trust of India & Small Industries Development Bank of India etc.

Important Questions on Basic Economics Terms and Concepts

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Which one of the following statements is correct?

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Which one of the following statements is correct?

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Which of the following is one of the types of price discrimination?

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Why is a high material standard of living simply not enough in society today?

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Select the correct statement from the following.

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Which of the following statements is correct?

MEDIUM
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The National Productivity Council comes under which ministry?

HARD
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What is the Rural Population according to the 2011 census?

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What is the minimum investment amount in the Provident Fund?

EASY
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What is the full form of MSP?

EASY
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As we all know Govt. of India has launched many schemes for the welfare of the workers from unorganized sectors. As per recent estimates about what per cent of all workforce in India is engaged in informal or unorganized sector?

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The situation where the inflation rate falls below zero 0% percent is described by economists as _____.

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______ is the ‘input cost’ the producer has to incur in the process of producing something.

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The shape of the transformation curve is changed by _____. 

MEDIUM
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Which of the following is a decrease in the general price level of goods and services?

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Which of the following is a factor, Macroeconomics does not focus on?

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Which of the following is an e-commerce model?

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Which of the following sectors offer the largest employment but has the reducing share in the economy?

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Nominal GDP/Real GDP ×100 is known as:

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Net national product is equal to: