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Economics - Questions and Answers

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26. Of the various ways of financing governments investment expenditure, the least inflationary is
A. foreign aid
B. deficit financing
C. tasation
D. public borrowing
Explanation:
27. Which of the following is not an affiliate of the Reserve Bank of India ?
A. Unit Trust of India
B. The Industrial Development Bank of India
C. Agricultural Refinance Corporation
D. Deposite Insurance Corporation
Explanation:
28. The Standard of living in a country is represented by its
A. national income
B. per capita income
C. poverty ratio
D. unemployment rate
Explanation:
29. Modern economy is one of
A. Open economy
B. Cash economy
C. Credit economy
D. Planned economy
Explanation:
30. Rate of growth of an economy is measured in termas of
A. Per capita income
B. Industrial development
C. Number of people who have been lifted above the poverty
D. National income
Explanation:
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