31
Q:

In an economy , the sectors are classified into public and private on the basis of

A) employment conditions B) nature of economic activities
C) ownership of enterprises D) use of raw materials

Answer:   C) ownership of enterprises



Explanation:
Subject: Indian Economy
Q:

A substantial increase in capital expenditure or revenue deficit leads to ______.

 

A) Budgetary Deficit B) Fiscal Deficit
C) Primary Deficit D) Revenue Deficit
 
Answer & Explanation Answer: B) Fiscal Deficit

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0 32
Q:

What effect will a decrease in demand and an increase in supply have on equilibrium price?

 

A) Sometimes price will rise and sometimes it will fall B) Equilibrium price will fall
C) Equilibrium price will rise D) Equilibrium price will be constant
 
Answer & Explanation Answer: B) Equilibrium price will fall

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0 26
Q:

A market place in which a final good or service is bought and sold is called ______.

 

A) Commodity Market B) Factor Market
C) Product Market D) Equity Market
 
Answer & Explanation Answer: C) Product Market

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0 79
Q:

Who among the following publishes the Economic Survey of India?

 

A) National Development Council B) Ministry of Finance
C) Institute of finance D) Indian Statistical Institute
 
Answer & Explanation Answer: B) Ministry of Finance

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0 85
Q:

In ________ economies, all productive resources are owned and controlled by the government.

 

A) dual B) socialist
C) mixed D) capitalist
 
Answer & Explanation Answer: B) socialist

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0 80
Q:

What is the uniform GST rate that has been fixed up for lottery prizes by the GST Council?

 

A) 28% B) 18%
C) 10% D) 32%
 
Answer & Explanation Answer: A) 28%

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0 112
Q:

Which of these institutions fixes the Repo Rate and the Reverse Repo Rate in India?

 

A) Comptroller and Auditor General of India B) Reserve Bank of India
C) Ministry of Finance D) State Bank of India
 
Answer & Explanation Answer: B) Reserve Bank of India

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0 166
Q:

Private ownership of the means of production is a feature of a _______ economy.

 

A) dual   B) mixed  
C) socialist   D) capitalist  
 
Answer & Explanation Answer: D) capitalist  

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