11
Q:

In India, planned economy is based on

A) Mixed Economy System B) Capitalist System
C) Gandhian System D) Socialist System

Answer:   D) Socialist System



Explanation:
Subject: Indian Economy
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Q:

A decrease in the price level will

A) result in a movement downward along the aggregate demand curve B) shift the aggregate demand curve to the right
C) result in a movement upward along the aggregate demand curve D) shift the aggregate demand curve to the left
 
Answer & Explanation Answer: A) result in a movement downward along the aggregate demand curve

Explanation:
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Q:

An increase in demand means that

A) the demand curve shifts to the right B) consumers desire a greater quantity
C) Both A & B D) None of the above
 
Answer & Explanation Answer: C) Both A & B

Explanation:

An increase in demand means that the demand curve shifts to the right, and hence quantity demanded will be high at each price.

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1 73
Q:

Which of the following is classified as working capital?

A) currents assets B) current liabilities
C) Both A & B D) current assets - current liabities
 
Answer & Explanation Answer: D) current assets - current liabities

Explanation:

Working capital, also known as net working capital, is the difference between a company’s current assets, like cash, accounts receivable and inventories of raw materials and finished goods, and its current liabilities, like accounts payable.

 

Working Capital = Current Assets - Current Liabilities

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0 119
Q:

GDP tends to overstate economic well-being because it takes into account

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3 117
Q:

For economists, the word "utility" means

A) pleasure and satisfaction B) purposefulness
C) versatility and flexibility D) rationality
 
Answer & Explanation Answer: A) pleasure and satisfaction

Explanation:
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1 125
Q:

An improvement in technology would shift

A) the demand curve rightward B) the supply curve rightward
C) the supply curve leftward D) the demand curve leftward
 
Answer & Explanation Answer: B) the supply curve rightward

Explanation:

An improvement in technology would shift the supply curve rightward.

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0 82
Q:

Globalization has the largest effect on

A) Politics B) Economy
C) Employment D) Business
 
Answer & Explanation Answer: B) Economy

Explanation:

Globalization has the largest effect on the economies. Globalisation is the process of interaction and integration between people, companies, and governments worldwide.

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1 195
Q:

Trade blocs help countries by

A) competition B) economic integration
C) Increase in trade D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

A trade bloc is a type of intergovernmental agreement for a group of countries where barriers to trade are reduced or eliminated among the participating states and less competition and for economic integration.

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