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Economics - Questions and Answers

Practice questions on Economics.

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606. One - rupee currency notes bear the signature of
A. Prime Minister of India
B. President of India
C. Finance Minister of India
D. Finance Secretary of India
Explanation:
607. Given below are two statements labelled as Assertion (A) and Reason (R) in the context of the statements, which of the following is correct ?Assertion (A) : When the price of X rises, the quantity demanded of Y increases.Reason (R) : X and Y are subsitutes
A. Both A and R are true and R is the correct explanation of A.
B. Both A and R are true but R is the not the correct explanation of A.
C. A is true but R is false.
D. A is false but R is true.
Explanation:
608. Voting rights in the International Monetary Fund (IMF) are distributed on the basis of
A. one country, one vote
B. proportion to the share of the income of the country in the world income
C. proportion to contributions given by each country
D. proportion to quota allocated to countries from time to time
Explanation:
609. Given below are two statements labelled as Assertion (A) and Reason (R) in the context of the statements, which of the following is correct ?Assertion (A) : Capital formation is the key to economic growth.Reason (R) : By creating opportunities for investment the government encourages the people to save and invest.
A. Both A and R are true and R is the correct explanation of A.
B. Both A and R are true but R is the not the correct explanation of A.
C. A is true but R is false.
D. A is false but R is true.
Explanation:
610. Given below are two statements labelled as Assertion (A) and Reason (R) in the context of the statements, which of the following is correct ?Assertion (A) : A balanced regional development would call for embhasis on dry land farming.Reason (R) : Two - thirds of cultivated area is unirrigated.
A. Both A and R are true and R is the correct explanation of A.
B. Both A and R are true but R is the not the correct explanation of A.
C. A is true but R is false.
D. A is false but R is true.
Explanation:
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