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Economics - Questions and Answers

Practice questions on Economics.

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31. National income has reference to which year ?
A. a calender year ( Jan - Dec)
B. A. U. N. Year ( July - June)
C. a financial year ( April - Mar)
D. Any of those
Explanation:
32. Which one of the following States produces about 50 percent of the total silk textiles in India ?
A. Karnataka
B. West Bengal
C. Jammu and Kashmir
D. Assam
Explanation:
33. The main agrument advanced in favour of small scale and cottage industries in India is that
A. Cost of production is low
B. they require small capital investment
C. they advance the goal of equitable distribution of wealth
D. they generate a large volume of employment
Explanation:
34. What is the best socio - economic justification for the levy of income tax ?
A. Reducing inequalities of incomes and wealth
B. Collecting revenue for projects to promote public welfare
C. Checking profiteering
D. Preventing circulation of black money
Explanation:
35. What was the maximum number of days of employment in a year, a member of a rural poor family would get under Hawahar Rozgar Yojana ?
A. 90 days
B. 100 days
C. 120 days
D. 180 days
Explanation: