Multiple Choice Questions

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Backward bending supply curve belongs to which market?

  • Capital

  • Labour

  • Money

  • Money


B.

Labour

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The innovation theory of profit was proposed by

  • Marshall

  • Clark

  • Schumpeter

  • Schumpeter

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SIDO is related to the development of

  • Small Industries

  • Steel Industry

  • Soap Industry

  • Soap Industry

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Beginning from the Financial Year 2017-18 NITI Ayog plans to replace the 5 year plans with which of the following?

  • 5 year Vision Document

  • 10 year Vision Document

  • 15 year Vision Document

  • 15 year Vision Document

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National Income of India is compiled by

  • Finance Commission

  • Indian Statistical Institute

  • National Development Council

  • National Development Council

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If a budget is defeated in the legislature of a state, then

  • the Finance Minister along has to resign

  • the Finance Minister concerned has to be suspended

  • the council of Ministers along with the Chief Minister has to resign

  • the council of Ministers along with the Chief Minister has to resign

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In terms of economics, if it is possible to make someone better-off without making someone worse-off, then the situation is

  • Inefficient

  • Efficient

  • Optimal

  • Optimal

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Which State Government has recently abolished agriculture income tax?

  • Karnataka

  • Rajasthan

  • Bihar

  • Bihar

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Which of the following is not a method of estimating national income?

  • Expenditure method

  • Output method

  • Matrix method

  • Matrix method

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Project 'Sankalp' started for the purpose ........

  • to eradicate illiteracy

  • to eradicate Polio

  • to eliminate AIDS/HIV

  • to eliminate AIDS/HIV

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