Question

in FDI, the foreign investors are allowed to........... in.................. in India whereas in FPI, the foreign investors are allowed to.......... the....... of companies in India
2 points
a) Invest, directly productive activities, purchase, shares.
b) Invest, directly productive activities, sell, factory.
c) Invest, shares, purchase, factory.
d) Invest, shares, sell, shares
Capitalistic economy” is an economy where.......... control the........... process and guided by the.......... motive.
2 points
a) Capitalists, production, profit.
b) Capitalists, consumption, profit.
c) Capitalists, production, social welfare.
d) None of these.
Which of the following is a criticism of scarcity definition of Economics?
1 point
a) Neglect needs for choice and optimisation.
b) Neglect the concept of human wants.
c) Applicable to rich countries only.
d) Neglects economic growth and development.
“mango produced by a farmer for self-consumption” is an example of
1 point
a) Consumer good
b) Producer good
c) Intermediate good
d) All of these
Which of the following is a characteristic of developed economy?
1 point
a) High per capita income.
b) High proportion of adult illiteracy.
c) High rate of population growth.
d) None of the above
Which of the following can be considered as “disadvantages” of globalisation?
1 point
a) Decline employment opportunities in developing and less developed countries.
b) Uneven competition
c) Damage to environment
d) All of these
Which of the following is a demerit of capitalistic economy?
1 point
a) Greater incidence of exploitation
b) Emergence of monopoly power
c) Greater incidence of unemployment
d) All of these
Controlled price mechanism is relevant to
1 point
a) Capitalistic economy
b) Socialistic economy
c) Liberal economy
d) All of these
“A person who has never used a fan would wish to have a fan. When this want is satisfied, he would wish to get an air cooler and a scooter.”- this statement indicates
1 point
a) Human wants are unlimited in nature.
b) Human wants are competitive in nature.
c) Human wants are inter-related in nature.
d) All of these
Any point lying on the PPC represents
1 point
a) Optimum utilisation of resources.
b) Inefficient utilisation of resources.
c) Equal utilisation of resources.
d) None of these
According to Prof. Samuelson’s definition, improvement of resource allocation is based on............
1 point
a) Analysing costs and benefits of the pattern of resource allocation.
b) Price of resource allocation.
c) Use of resource allocation.
d) None of these.
Which of the following is true in context of mixed economy?
1 point
a) Possibility of avoiding business cycle.
b) Co-existence of public sector and private sector.
c) Partial restriction on individual liberty.
d) All of these
Which of the following is true regarding “economic development”?
1 point
a) It indicates qualitative improvement in the economic progress of a country.
b) Increase in per capita income is one of its indicators.
c) Improvement in infrastructural facilities, reduction in poverty and illiteracy, etc. implies economic development of a nation
d) All of these​

Answer 1

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