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Economics - Questions and Answers

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56. The most serious economic problems of India are
A. Poverty and unemployment
B. Stagnation, not poverty
C. Unemployment, not poverty
D. Underdevelopment, not poverty
Explanation:
57. Among Indian Economics who had done pioneering work on National Income ?
A. P.N. Dhar
B. Jagdish Bhagwati
C. V. K. R. V. Rao
D. Prof. Shenoi
Explanation:
58. A regressive tax will tend to redistrubute income more
A. equally
B. uneqally
C. equitably
D. inequitably
Explanation:
59. Which of the following provides the largest part of the demand for loanable funds in India ?
A. Farmers
B. Private-house purchasers
C. Coporate businesses
D. Hire- Purchase borrowers
Explanation:
60. The rate of growth of per capita income is equal to
A. Rate of growth of national income divided by the rate of growth of population
B. Growth in national income divided by the increase in population
C. Rate of growth of national income minus the rate of growth of population
D. Rate of growth of national income
Explanation:
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