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Economics - Questions and Answers

Practice questions on Economics.

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641. Who is the Chairman of the New York Stock Exchange ?
A. Richard Grasso
B. Richard D Souza
C. Richard Ferrari
D. Richard Paul
Explanation:
642. Who among the following is the Chairman of the Planning Commission ?
A. President
B. Speaker of Lok Sabha
C. Prime Minister
D. Union Minister of Planning
Explanation:
643. Given below are two statements, labeled as Assertion (A) and Reason (R). Which of the following is true in their context ? 1. Assertion (A) : There was an increase in industrial production during 1999-2000. 2. Reason (R) : The period witnessed a stable exchange rate and improved business sentiments.
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 not the correct explanation of A.
C. A is true but R is false.
D. A is false but R is true.
Explanation:
644. India has
A. Socialistic economy
B. Gandhian economy
C. Mixed economy
D. Free economy
Explanation:
645. Zero Based Budgeting (ZBB) lays emphasis on 1. Unlimited deficit financing2. Preparing new budget right from the scratch3. Preparing the budget neglecting the history of expenditure
A. 1 and 2
B. 2 and 3
C. 1 and 3
D. 1, 2 and 3
Explanation:
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