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Economics Awareness Practice Economics Awareness Study Material

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Business & Economy

Indian Economy is ________

a) Mixed Economy
b) Free Economy
c) Social Economy
d) None of these

✔Answer

Correct Answer Is : Mixed Economy

Solution Is :

Who published the Economic Survey____________.

a) Ministry of finance
b) Planning Commission
c) Govt. of India
d) RBI

✔Answer

Correct Answer Is : Ministry of finance

Solution Is :

On What basis, Sectors are classified into public and private in economy ?

a) Nature of activity
b) Ownership of enterprise
c) Use of product
d) None of these

✔Answer

Correct Answer Is : Ownership of enterprise

Solution Is :

Dual economy is a mixture of which sectors?

a) Industrial sector and manufacturing sector
b) Traditional agriculture sector and modern industrial sector
c) Agriculture sector and manufacturing sector
d) Traditional Agriculture sector, Industrial sector and manufacturing sector

✔Answer

Correct Answer Is : Traditional agriculture sector and modern industrial sector

Solution Is :

What is gross national product ?

a) The total value of goods and services produced by the country during one year.
b) The total domestic and foreign output claimed by residents of the country
c) The sum of gross domestic product and investment
d) National income minus national expenditure

✔Answer

Correct Answer Is : The total value of goods and services produced by the country during one year.

Solution Is :

If an economy is purely competitive static economy, then the economic profit will be?

a) Zero
b) Negative
c) Maximum
d) Minimum

✔Answer

Correct Answer Is : Zero

Solution Is :

The National Income in India is compute by ?

a) Central Statistical Organization
b) Ministry of Finance
c) Govt. of India
d) RBI

✔Answer

Correct Answer Is : Central Statistical Organization

Solution Is :

Capital information in an economy depends upon _______

a) Total saving
b) Total demand
c) Total supply
d) Total revenue

✔Answer

Correct Answer Is : Total saving

Solution Is :

What does Mixed economy means?

a) An economic system combining private and state enterprise
b) An economic system combining rural and urban sectors
c) An economic system combining developed and underdeveloped sectors.
d) None of these

✔Answer

Correct Answer Is : An economic system combining private and state enterprise

Solution Is :

Which one of the following is a residual earning ?

a) Profit
b) Tax
c) Interest
d) Profit and tax

✔Answer

Correct Answer Is : Profit

Solution Is :

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Economics Awareness Practice Economics Awareness Study Material

Business & Economy

Indian Economy is ________

Correct Answer Is : Mixed Economy

Solution Is :

Who published the Economic Survey____________.

Correct Answer Is : Ministry of finance

Solution Is :

On What basis, Sectors are classified into public and private in economy ?

Correct Answer Is : Ownership of enterprise

Solution Is :

Dual economy is a mixture of which sectors?

Correct Answer Is : Traditional agriculture sector and modern industrial sector

Solution Is :

What is gross national product ?

Correct Answer Is : The total value of goods and services produced by the country during one year.

Solution Is :

If an economy is purely competitive static economy, then the economic profit will be?

Correct Answer Is : Zero

Solution Is :

The National Income in India is compute by ?

Correct Answer Is : Central Statistical Organization

Solution Is :

Capital information in an economy depends upon _______

Correct Answer Is : Total saving

Solution Is :

What does Mixed economy means?

Correct Answer Is : An economic system combining private and state enterprise

Solution Is :

Which one of the following is a residual earning ?

Correct Answer Is : Profit

Solution Is :

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