Important One Liner Economics 500 Question – Gk By Mr. DJ
151.The first National Income Committee was formed – the year 1949
152.National Income – Net National Product – Indirect + Support
153.GNP through expenditure method. What is included in the calculation of – Gross domestic private investment, net foreign investment, private consumption expenditure
154.How can national income be calculated- Sum of all expenses, Sum of all types of income, Sum of all kinds of outputs
155.What does e-letter signify in e-banking- electronic banking
156.The policy of encouraging domestic industries with restrictions on the import of competitive goods is called- Protection policy
157.What is liquidity preference – willingness to hold assets in cash
158.When the demand curve of a commodity is parallel to the x-axis, then the demand elasticity of that commodity is- Complete
159.In the budget figures of the Government of India, the payment of interest, subsidy, pension, social services etc. is part of which – of non-plan expenditure
160.With which form of the term acastaxenp economy is it related – capitalist economy
161.The definition of small scale industry in India is based on- investment in machines and equipment.
162.The Central Statistical Organization has presented the figures under a new revised series, which considers the loan year – 1980-81
163.Charged gross rent of buildings occupied by Malik, whose share is – Final consumption.
164.Full convertibility of rupees means free determination of the exchange rate between rupees and foreign currencies by- market forces of demand and supply.
165.Who has been appointed as the Governor of Reserve Bank of India after the retirement of Mr. Y.V. Reddy – Mr. D. Subbarao
166.What is the simultaneous presence of high rate of inflation and high rate of unemployment – stagflation
167.What are the main causes of inflation – increase in capital supply
168.Supply of agricultural products is- often inelastic.
169.Green accounting means measuring the national income of a country keeping the estimation of ……- pollution and environmental damage.
170.What are the main objectives of planning for disaster – vulnerability
171.The principle of monopolistic competition is formulated in the United States of America – by Edward Chamberlin
172.In an economy, there is a relationship between the price of a currency and the level of the price – the yield.
173.Disguised unemployment generally means – where the marginal productivity of labor is zero.
174.In what else is hidden unemployment known as under- employment.
175.What is an economy that has no relation with the rest of the world – closed / closed economy
Polity 500 One Liner Questions And Answers
