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