Q.11)-The concept of mixed economy means
- To have balanced development in the agricultural and industrial sector
- Simultaneous development of the rural and urban sector
- To have equal distribution of wealth among the rural and the urban poor
- Simultaneous existence of the private and public sector
Q.12)-Over use of resource is called "Tradegy of Commons" It was propounded by
- Garett Hardin
- Seligman
- Adolph Wagner
- A.P Lernier
Q.13)-In the national which of the following indicates Macro Approach
- Inflation in India
- Sales of Bata Shoe Company
- Exports of Mangoes to UK
- Income from Railways
Q.14)-Indian economy is an example of a mixed economy because
- Urban sector coesixts with vast rural sector
- Traditional subsistance economy coexists with modern economy
- Private sector coexists with public sector enterprises
- Monopoly elements coexist with competition elements
Q.15)-Inidan Economy is a/an
- Independent Economy
- Mixed Economy
- Capitalist Economy
- Communist Economy
Q.16)-If the price of an inferior goods falls, its demands
- Rises
- Falls
- Remians constant
- Can be any of the alone
Q.17)-All of the goods which are scarce and limited is supply are called
- Luxury goods
- Expensive goods
- Capital goods
- Economic goods
Q.18)-"Economics is what it ought to be "The statement refers to
- Normative ecnomics
- Positive economies
- Monetary economics
- Fiscal economics
Q.19)-In a Captalistic Economy, the prices are determined by
- Demand and supply
- Government and Authorities
- Buyers in the market
- Sellers in the market
Q.20)-Demand for complementary goods is known as
- Joint demand
- Derived demand
- Direct demand
- Gross demand