CLAT General-Knowledge(GK): Questions 275 - 281 of 286

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Question number: 275

» Economics

MCQ▾

Question

The National Income of India is estimated mainly through-

Choices

Choice (4) Response

a.

production method alone

b.

production and income methods

c.

production and expenditure methods

d.

expenditure method alone

Question number: 276

» Economics

MCQ▾

Question

Who is known as the ‘Father of Economics’?

Choices

Choice (4) Response

a.

Adam Smith

b.

Chanakya

c.

Machiavelli

d.

Question does not provide sufficient data or is vague

Question number: 277

» Economics

MCQ▾

Question

Which of the following gives a correct picture of the share of various sectors in economic growth in India over the years?

1. Primary SectorStagnant

2. Secondary SectorIncreasing

3. Tertiary SectorDecreasing

Choices

Choice (4) Response

a.

2 only

b.

1 and 3

c.

1 and 2

d.

2 and 3

Question number: 278

» Economics

MCQ▾

Question

Which sister organization of the World Bank provides long term loans at zero interest to the poorest developing countries?

Choices

Choice (4) Response

a.

IMF

b.

International Finance Association

c.

Asian Development Bank

d.

International Developmental Association

Question number: 279

» Economics

MCQ▾

Question

The Export-lmport (EXIM) Bank was set up in-

Choices

Choice (4) Response

a.

1982

b.

1985

c.

1983

d.

1987

Question number: 280

» Economics

MCQ▾

Question

The Reserve Bank of India was nationalized in-

Choices

Choice (4) Response

a.

1950

b.

1956

c.

1948

d.

1947

Question number: 281

» Economics

MCQ▾

Question

It the price of an inferior good falls, its demand-

Choices

Choice (4) Response

a.

remains constant

b.

rises

c.

falls

d.

Can be any of the above

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