ECONOMY MCQS SET 76

ECONOMY MCQS SET 76

751) GNP (Gross National Product) is money value of
A) final goods and services produced annually in the economy
B) annual service generation in the economy
C) tangible goods available in the economy
D) tangible goods produced annually in the economy
Answer:  final goods and services produced annually in the economy
   
752) Development means economic growth plus
A) inflation
B) deflation
C) price stability
D) social change
Answer:  social change
   
753) Dear Money means
A) low rate of interest
B) high rate of interest
C) depression
D) inflation
Answer:  high rate of interest
   
754) Multinational is a company
A) operating in several countries
B) having share holders from more than one country
C) which does charitable work in poor countries
D) that operates only in those countries that dc not have import restrictions
Answer:  operating in several countries
   
755) Take off stage in an economy means
A) steady growth begins
B) economy is stagnant
C) economy is about to collapse
D) all controls are removed
Answer:  steady growth begins

756) The propounder of the Law of Market is
A) J .B. Say
B) A.C. Pigou
C) T.R. Malthus
D) Ricardo
Answer:  J .B. Say
   
757) In the context of India's Five Year Plans, a shift in pattern of lndustrialisation with lower emphasis of the heavy industry and move on infrastructure begins in
A) Fourth Plan
B) Sixth Plan
C) Eighth Plan
D) Tenth Plan
Answer:  Sixth Plan
   
758) Consider the following statements about the LPG model of economic development process in India
1. Disinvestment of profit making public sector enterprises.
2. Permitting private sectors to establish industrial units without taking a licence.
3. Chronically sick industries were referred to BIFR for the formulation of revival or rehabilitation plan.
Which of the processes given above is/are taken after adoption of LPG model?
A) 1, 2 and 3
B) 1 and 3
C) 2 and 3
D) Only 2
Answer:  1, 2 and 3
   
759) Which one of the following is the objective of the Twelfth Five Year Plan of India?
A) Faster and inclusive growth
B) Faster, quick and reliable inclusive growth
C) Faster, reliable and more inclusive growth
D) Faster, sustainable and more inclusive growth
Answer:  Faster, sustainable and more inclusive growth
   
760) Consider the following statements
1. The average GDP growth rate of the 11th Five Year Plan is above 8.5%.
2. The GDP growth at the very first year of the 11th Plan was above 9%.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Answer:  Only 2