476.The psychological law of consumption states that – Proportional increases in consumption are less than proportional increases in income.
477.In which year was the minimum support price for food grains started – 1964
478.Amritya Sen has received the Nobel Prize for contribution in which field – in welfare economics
479.Which organization collects data for the unorganized sector – Chaiv
480.Disinvestment in public sector is called- privatization
481.One of the main factors contributing to the rapid expansion of Indian exports is– liberalization of the economy.
482.Who created the term ‘Hindu rate of growth’ for Indian economy- Rajkrishna
483.Through which is the grading and standardization of agricultural products- Directorate of Marketing and Inspection
484.In the Swantantryo period, economic reforms have been initiated for the first time in India – P.V. Under the Narasimha Rao government (1990)
485.Vijay Kelkar Committee report was related to – tax reforms
486.What is called farming with animal husbandry- mixed farming
487.When was the program of high yielding varieties started in the Indian agricultural sector – year 1966
488.What is called the employment situation in which the productivity of agricultural workers is zero – hidden unemployment
489.Long-term funds can be obtained in the capital market either by borrowing from certain institutions or by- issuing securities.
490.Knowing cash wages, if there is an increase in the price level in an economy, then real wages – will decrease
491.A firm is in equilibrium when its- marginal cost equals marginal income.
492.If a competing firm incurs losses in the short term, it will continue to- produce until it meets its operating cost.
493.Excise duty is payable on a commodity – in the context of its production
494.If the money is very high and the goods are very low, then the situation is – inflation
495.What is a part of the national debt known as external debt – the amount borrowed by the government from abroad
496.How much is the average calorie required for rural area in India – 2400
497.For pricing to be successful both markets must have elasticity of demand for the product – different
498.State Financial Corporations have mainly given assistance to develop …….- medium and small scale industries.
499.Purchase of shares and bonds of Indian companies by foreign institutional investors is called – Portfolio Investment
500.Investment multiplier shows the effect of investment on- Income
