Important One Liner Economics 500 Question – Gk By Mr. DJ
- According to RBI report on banking trends and progress, the percentage of non performing assets in Indian banks in India during the year 2008-09 was what in the year 2008 – 2.3 percent
- Moving along the supply curve is called ……- expansion and contraction in supply
- When the demand curve does not shift – when only the prices of goods change.
- Why need becomes a demand – the desire to buy
- A general rule of demand is’ quantity demanded increases – as price decreases
- Which of the pairs of goods represents joint demand – computer and printer
- Which economist believed that unemployment is impossible, and that market mechanisms have a built-in regulatory system to cope with any ups and downs – J.B. Seay
- Who introduced the market rule- J.B. Seay
- What is the demand for labor – derived demand
- According to the demand curve of a commodity, the dynamics are due to the change in – Consumers’ income
- Those goods whose demand increases in the opposite direction of the income of the consumer, what is called- Low-level goods
- Human Poverty Index in HDR was launched in the year- 1997.
- Production function establishes relationship with- investment output.
- A firm’s …… relationship between the inputs used and the outputs produced by the firm is- the production function.
- Who regulates and oversees the Indian stock market – SEBI
- In the socialist economy, all the factors of production are owned and controlled by- the state.
- Economic planning is an essential characteristic of- a socialist economy.
- By whose contribution is the capital of the IMF – Member States
- Under centralized planned economy ………. plans all the important activities of that economy- Government
- How many C.P.S.E. in India Navratna companies- 17
- In the Indian economy, on what basis are sectors classified into public and private – ownership of enterprises
- Who first estimated the national income in India – Dadabhai Naoroji
- Who has eradicated rural poverty. Had supported the adoption of the model – A.P.J. Abdul kalam
- Indian Economic Review ……… publishes- Ministry of Finance
Polity 500 One Liner Questions And Answers
