Important One Liner Economics 500 Question – Gk By Mr. DJ
301.Personal disposable income is equal to the –difference between personal income and direct taxes.
302.Income of Indians working abroad – share of net domestic product of India
303.What is the relation between income and consumption – direct relationship
304.Collective consumption means- consumption by the citizen of the country.
305.What is the total value of goods and services produced in a country over a given period of time – National income
306.What is National Income – Net National Product at cost of production
307.Transfer payments mean the benefits received by- the public in the form of pension, unemployment relief, etc.
308.Who has said that “interest is the prize of consumption-postponement” – Economist Senior
309.Whose name is prepared by a family for butter and ghee for their personal use is- Personal account creation
310.Overhead costs are those expenses incurred- to purchase machinery and equipment.
311.Inward Sulabh – occurs to the firm when she expands her product.
312.Gross Domestic Product is the price – the market value of all final goods and services produced in an economy in a year.
313.Who receives maximum tax income by the Government of India – Corporation tax
314.In the case of direct taxes, the payment liability and the final burden of the tax are situated on- whom the person to whom it is imposed.
315.Bank deposits that can be withdrawn without notice – Demand Deposit
316.The expenses that have been incurred and cannot be recovered are called- the cost incurred
317.In which type of market system, only one vendor is dominated by market or industry – monopoly
318.The term monopoly is related to – capitalism
319.What market situation does a bilateral monopoly represent – a seller and a buyer
320.Which are the absolute forms of markets – complete competition; Monopoly
321.A good banker is said to be the one who knows the difference between a mortgage and whom – a letter of regulation
322.A rising state in an economy means- steady growth begins.
323.Globalization means- integration of domestic economy with global economy.
324.Profitability of an organization depends on- the quality of the processed trust and on the amount of the trust processed.
325.Put and Remove Whose Policy is- Capitalism
Polity 500 One Liner Questions And Answers
