Economics [NTSE Stage-2 (National-Level) Scholastic-Aptitude & Language Comprehension]: Questions 12 - 16 of 40

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Question 12

Question MCQ▾

Which Five Year Plan gave the maximum thrust on the industrial growth?

Choices

Choice (4)Response

a.

Third Five Year Plan

b.

First Five Year Plan

c.

Second Five Year Plan

d.

Fourth Five Year Plan

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Question 13

Question MCQ▾

The difference between the export and import of a country is known as

Choices

Choice (4)Response

a.

Internal trade

b.

External trade

c.

National income

d.

Balance of trade

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Question 14

Question MCQ▾

The total income of the country divided by its total population is termed as

Choices

Choice (4)Response

a.

Developmental income

b.

Per capita income

c.

Average income

d.

National income

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Question 15

Question MCQ▾

World Trade Organisation basically promotes?

Choices

Choice (4)Response

a.

Financial support

b.

Unilateral trade

c.

Global peace

d.

Multilateral trade

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Question 16

Question Assertion-Reason▾

Assertion(Ꭺ)

The people in between the producers and the final consumers are traders

Reason(Ꭱ)

The people who finally sell the commodities to the consumers are retailers.

Choices

Choice (4)Response

a.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

b.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

c.

Ꭺ is false but Ꭱ is true

d.

Ꭺ is true but Ꭱ is false

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