Share Facebook Email Telegram WhatsApp Results #1. Which of the following is the main differentiation between the small scale units and large scale units? The amount of investment The amount of investment The volume of output The volume of output The size of the unit area The size of the unit area The volume of sale The volume of sale #2. The creation of choice is done by _________ . Scarcity of resources Scarcity of resources Less choices Less choices The urgency of needs The urgency of needs Abundance of resources Abundance of resources #3. Which branch of economic theory is associated with the difficulty of resources allocation? Econometrics Econometrics Microeconomic theory Microeconomic theory Macroeconomic theory Macroeconomic theory None of the above None of the above #4. Which option is a disadvantage for allocating resources that are utilising a market system? Profits will be less Profits will be less Impossible to stop the wastage of scarce resources Impossible to stop the wastage of scarce resources Notable unemployment may take place Notable unemployment may take place Uneven distribution of income Uneven distribution of income #5. Which of the following is a good indicator of the economic growth of a country? Gross domestic product Gross domestic product Gross national product Gross national product Net domestic product Net domestic product Net national product Net national product #6. Which of the crops benefited the most as a result of the green revolution? Rice Rice Wheat Wheat Both a and b are correct Both a and b are correct Both a and b are incorrect Both a and b are incorrect #7. Which of the following statements is true about the central problem of an economy? The central problem of an economy is what to produce The central problem of an economy is what to produce The central problem of an economy is how to produce The central problem of an economy is how to produce The central problem of an economy is for whom to produce The central problem of an economy is for whom to produce All of the above All of the above #8. Which of the following is true regarding the law of scarcity? It states that the wants of a consumer will never be satisfied completely. It states that the wants of a consumer will never be satisfied completely. It indicates that the wants of a consumer will be satisfied in a socialistic system. It indicates that the wants of a consumer will be satisfied in a socialistic system. It is only for underdeveloped countries. It is only for underdeveloped countries. It is not for rich and developed countries. It is not for rich and developed countries. #9. Which of the following is not true about the planning commission of India? The main aim of the planning commission is to ensure economic growth in the country The main aim of the planning commission is to ensure economic growth in the country The main aim of the planning commission is to ensure equity in the country The main aim of the planning commission is to ensure equity in the country The main aim of the planning commission is to ensure the conservation of resources in the country The main aim of the planning commission is to ensure the conservation of resources in the country The main aim of the planning commission is to ensure self-reliance in the country The main aim of the planning commission is to ensure self-reliance in the country #10. Which of the following statements about the Indian Economy is true during the Era of 1950-1990? The abolition of intermediaries was a part of the industrial reforms in India The abolition of intermediaries was a part of the industrial reforms in India The abolition of intermediaries was a part of the external sector reforms in India The abolition of intermediaries was a part of the external sector reforms in India The abolition of intermediaries was a part of the land reforms in India The abolition of intermediaries was a part of the land reforms in India The abolition of intermediaries was a part of the banking reforms in India The abolition of intermediaries was a part of the banking reforms in India Finish
