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Economics - Questions and Answers

Practice questions on Economics.

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621. In which of the following cities, the annual meeting of the World Economics Forum was held during January 2001 ?
A. Vienna
B. Davos
C. Chicago
D. Madrid
Explanation:
622. The maximum income level per month of a household to be called below the poverty line in India is
A. Rs. 300
B. Rs. 600
C. Rs. 500
D. Rs. 750
Explanation:
623. Present Industrial policy in India aims at
A. promoting the private sector units
B. increasing the production of public sector units
C. accelerating the performance of mixed economy
D. discourage the performance of the private sector units
Explanation:
624. From the view of International economy, Third World implies
A. the developed contries
B. the developing countries
C. block led by U.S.A., U.K. etc.
D. None of these
Explanation:
625. 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) : Indias software exports increased at an average growth rate of 50 % since 1995-96.Reason (R) : Indian software companies were cost effective and maintained international quality.
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: