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Economics - Questions and Answers

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381. ""From each according to his capacity, to each according to his needs"" is
A. a socialist ideal
B. a communist ideal
C. a secular ideal
D. a democratic ideal
Explanation:
382. The book ""Wealth of Nations"" was written by
A. Eric Roll
B. J.M. Keynes
C. Adam Smith
D. Harold Laski
Explanation:
383. The Indian Wage Policy is most nearly described as being based on
A. Productivity
B. Minimum needs
C. Standard of living
D. Cost of living
Explanation:
384. The Minimum Needs Programme aims to
A. provide means for greater machanization fo agriculture
B. improve the living condition of the poor and also promote their education and health
C. provide necessary resources by way of refinance to primary lenders
D. None of these
Explanation:
385. Which of the following would be ""fixed cost"" to a manufacturing firm ?
A. Raw materials
B. Replacement of load
C. Wages
D. Plant and machinery
Explanation:
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