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Q:

A situation where we have people whose level of income is not sufficient to meet the minimum consumption expenditure is considered as

A) Absolute Poverty B) Relative Poverty
C) Urban Poverty D) Rural Poverty

Answer:   A) Absolute Poverty

Explanation:
Subject: Indian Economy
Q:

Which country has recently become fifth largest military spender  ?

A) India B) Japan
C) China D) Russia
 
Answer & Explanation Answer: A) India

Explanation:

1. India's military expenditure grew around 8.5 percent in 2016, making it the world's fifth largest spender at $55.9 billion, figures released by the Stockholm International Peace Research Institute (SIPRI).

2. As per the figures, the US remains the world's largest military spender registering a growth of 1.7 percent between 2015 and 2016 to $611 billion.

3. China is second and Russia is on the third position in the list.

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3 25
Q:

Who said 'Supply creates its own demand' ?

A) Marshall B) Ricardo
C) Adam Smith D) J. B. Say
 
Answer & Explanation Answer: D) J. B. Say

Explanation:
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Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk

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Q:

The purchase of shares and bonds of Indian companies by Foreign Institutional Investors is called ?

A) FDI B) NRI Investment
C) Portfolio Investment D) Foreign Indirect Investment
 
Answer & Explanation Answer: D) Foreign Indirect Investment

Explanation:
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1 30
Q:

The First Five Year Plan was based on ___________.

A) Herold Domar Model B) P.C . Mahalanobis Model
C) Both the Above D) None of the above
 
Answer & Explanation Answer: A) Herold Domar Model

Explanation:
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4 230
Q:

The concept of Economic planning in India is derived from ________.

A) Russia B) Australia
C) USA D) UK
 
Answer & Explanation Answer: A) Russia

Explanation:
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