Economics - Questions & Answers | Exam2Win

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51. Which of the following are referred to as the development economies ?

A. Countries earning huge industrial profits

B. Countries proficient in trade and export

C. Countries having large per capita income

D. Countries advanced in technology

Explanation:

52. The sum total of incomes received for the services of labour, land or capital in a country is called

A. Gorss domestic product

B. National income

C. Gross domestic income

D. Gross national income

Explanation:

53. Which of the following can be used for checking inflation temporatily ?

A. Increase in wages

B. Decrease in money supply

C. Decrease in taxes

D. None of these

Explanation:

54. During which week, Indias foreign exchange reserves crossed the magic figure of $ 50 billion ?

A. Week ended January 25, 2002

B. Week ended February 1, 2002

C. Week ended February 15, 2002

D. Week ended March 1, 2002

Explanation:

55. What is the correct sequence of the following ?1. Lead Bank 2. Regional Rural Banks3. Loan Melas

A. 1, 2, 3

B. 1, 3, 2

C. 2, 3, 1

D. 3, 2, 1

Explanation: