Economics-Indian Economics (NTSE Stage-2 (National-Level) Scholastic-Aptitude & Language Comprehension): Questions 12 - 17 of 20

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Question number: 12

» Economics » Indian Economics

MCQ▾

Question

The past two decades of Globalization has seen rapid movement in

Choices

Choice (4) Response

a.

goods, services and investments between countries

b.

goods, technology and cheap labour between countries

c.

goods, investments and people between countries

d.

goods, services and people between countries

Question number: 13

» Economics » Indian Economics

MCQ▾

Question

Which of the following factors helped the process of globalization?

Choices

Choice (4) Response

a.

Technology

b.

Foreign investment

c.

MNCs

d.

All a. , b. and c. are correct

Question number: 14

» Economics » Indian Economics

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 but Ꭱ is NOT the correct explanation of Ꭺ

b.

Ꭺ is true but Ꭱ is false

c.

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

d.

Both Ꭺ and Ꭱ are false

Question number: 15

» Economics » Indian Economics

MCQ▾

Question

Invisible Export means export of

Choices

Choice (4) Response

a.

oil and gas products

b.

prohibited goods

c.

restricted goods

d.

services

Question number: 16

» Economics » Indian Economics

MCQ▾

Question

A payment that a government makes to a producer to supplement the market price of a commodity is called

Choices

Choice (4) Response

a.

market price

b.

fair price

c.

competitive price

d.

subsidy

Question number: 17

» Economics » Indian Economics

MCQ▾

Question

What does the ‘mixed economy’ in India mean?

Choices

Choice (4) Response

a.

Companies of foreign countries can play an equal role in development of India’s economy

b.

Private companies of India are allowed to invest in public sector

c.

Private sectors play a complementary role along with the public sector

d.

Special privileges are given to foreign companies by the government for investment in India

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