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Economics - Questions and Answers

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351. Which of the following organisations is directly responsible for administration and management of Indian Railways ?
A. Ministry of Railways
B. Railway Board
C. National Transport Policy Committee
D. Parliamentary Convention Committee attached to Railway Ministry
Explanation:
352. Under perfect competition,
A. any firm can influence price in the market
B. any firm can influence supply in the market
C. any firm can influence price and supply in the market
D. no firm can influence price and supply in the market
Explanation:
353. Indias progress has neen reasonably satisfactory with regard to
A. reduction in inequalities
B. reduction of employment
C. growth of per capita income
D. growth of GNP
Explanation:
354. The goals of monetary policy do not include
A. price stability
B. maximum tax revenue
C. full employment
D. maximum output
Explanation:
355. ""Invisible tade"" is a trade
A. of government with public institution
B. of the services like the bank, marine companies and shipping companies
C. of corporate and financial institutions with government
D. of government with other countries
Explanation: