Economics-Indian Economics (NTSE Stage-2 (National-Level) Scholastic-Aptitude & Language Comprehension): Questions 16 - 21 of 21

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Question number: 16

» 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: 17

» 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: 18

» 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

Question number: 19

» Economics » Indian Economics

MCQ▾

Question

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

Choices

Choice (4) Response

a.

First Five Year Plan

b.

Fourth Five Year Plan

c.

Third Five Year Plan

d.

Second Five Year Plan

Question number: 20

» Economics » Indian Economics

MCQ▾

Question

In India who formulates the Fiscal policy?

Choices

Choice (4) Response

a.

Planning Commission

b.

Prime Minister’s Office

c.

RBI

d.

Ministry of Finance

Question number: 21

» Economics » Indian Economics

MCQ▾

Question

GDP is the total value of________ produced during a particular year

Choices

Choice (4) Response

a.

All intermediate goods and services

b.

All final goods and services

c.

All intermediate and final goods and services

d.

All goods and services

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