Home > General Knowledge > Economics

Economics - Questions and Answers

Practice questions on Economics.

Ready to test your skills?

Take a timed mock test specifically for Economics.

Start Mock Test
631. India opted for Mixed Economy in
A. Framing of the Constitution
B. Second Five Year Plan
C. Industrial Policy of 1948
D. None of these
Explanation:
632. 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) : Minimum wages in India are fixed in accordance with the levels of living and the labour participation ratios.Reason (R) : All workers covered by the Minimum Wages Acts are above the poverty line.
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:
633. 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) : Programmes like IRDP have not exceedes as much as hoped for .Reason (R) : The centralised structure leadsto deficient implementation.
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:
634. Which of the following is not a rural development programme ?
A. JRY
B. MNP
C. TRYSEM
D. CRY
Explanation:
635. 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) : In an underdeveloped country with backward agriculture and huge population, there is a little choice but to give priority to the development of industries to achieve progress.Reason (R) : Agriculture alone cannot provide the required economic progress
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: