Economics - Questions & Answers | Exam2Win

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301. National income is based on the

A. total revenue of the State

B. production of goods and services

C. net profit earned and expenditure made by the State

D. the sum of all factor incomes

Explanation:

302. ""Mixed Economy"" means

A. Co - existence of small scale and large scale industries

B. co -existence of the rich and the poor

C. co - existence of private and public sector

D. assigning equal importance to both agriculture and heavy industries.

Explanation:

303. National Renewal Fund had been set up for which of the following purposes ?

A. Development of Agriculture

B. Research and Development in public sector undertakings

C. Restraining and Redevelopment of surplus labour

D. Employment of persons in infrastructure industries

Explanation:

304. Prime Minister Rozgar Yojana (PMRY) was launched in 1993 on

A. September 2

B. October 2

C. November 2

D. December 2

Explanation:

305. Which of the following totals would not be in cluded in firms profit and loss account ?

A. Overhead costs

B. Direct costs

C. Allowance for depreciation of assets

D. All of the above

Explanation: