ECONOMY MCQS SET 75

ECONOMY MCQS SET 75

741) Perspective plan is drawn up for a period of
A) 1 year
B) 2 or 3 years
C) 5 years
D) 15 to 20 years
Answer:  15 to 20 years
   
742) Sarvodaya aimed at
A) classless society
B) economic revolution
C) upliftment of weaker sections
D) upliftment of all, irrespective of their status
Answer:  upliftment of all, irrespective of their status
   
743) The National Rural Employment Programme (NREP) is dependent on
A) rural employment
B) self-employment
C) wage employment
D) revolving employment
Answer:  wage employment
   
744) Kutir Jyoti proposal was made to provide electricity to
A) all homes of rural poor
B) urban poor free
C) homes of rural poor families below the poverty line
D) urban poor at moderate rates
Answer:  homes of rural poor families below the poverty line
   
745) Utility in economics means the capacity to
A) provide comforts
B) earn an income
C) satisfy human wants
D) satisfy human motives
Answer:  satisfy human wants

746) Recession is that economic state of a country when there is
A) accumulation of unsold stocks
B) slump in trade and industry
C) fall in consumer demand
D) all of these
Answer:  all of these
   
747) Buyer's market denotes the place where
A) supply exceeds the demand
B) demand exceeds the supply
C) demand and supply are well balanced
D) commodities are available at competitive rates
Answer:  supply exceeds the demand
   
748) A loan bearing low rate of interest is called
A) Hard loan
B) Soft loan
C) Capital loan
D) Real loan
Answer:  Soft loan
   
749) Closed economy means an economy having
A) exports only
B) imports only
C) no exports or imports
D) controlled supply of money
Answer:  no exports or imports
   
750) White goods are
A) basic raw materials
B) cosmetic articles
C) goods imported from the western countries
D) durable consumption goods
Answer:  durable consumption goods