16
Q:

The term 'mixed economy' denoted

A) existence of both rural and urban sectors B) existence of both private and public sectors
C) existence of both heavy and small industries D) existence of both developed and underdeveloped sectors

Answer:   B) existence of both private and public sectors



Explanation:
Subject: Indian Economy
Q:

All the tangible resources like raw materials and labor used in production process are called

 

A) Opportunity cost B) Variable cost
C) Fixed cost D) Real cost
 
Answer & Explanation Answer: D) Real cost

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0 79
Q:

What happens when the fiscal deficit increases

 

A) prices increase B) no direct impact on prices
C) prices remain constant D) prices decrease
 
Answer & Explanation Answer: B) no direct impact on prices

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2 41
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 54
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 49
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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0 109
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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0 162
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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0 130
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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0 171