Economics - Questions & Answers | Exam2Win

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391. Which of the following is the key factor in economic development ?

A. Efficeint transport

B. Efficient marketing

C. Efficient payments

D. Efficient banking

Explanation:

392. Communism ends in

A. Plutocracy

B. World state formation

C. Dictatorship of the proletariat

D. None of these

Explanation:

393. Temporary tax levied to obtain additional revenue is called

A. Cess

B. Rate

C. Fee

D. Surcharge

Explanation:

394. Equilibrium price is that price which

A. maximises producers profit

B. equates consumers and producers surplus

C. maximises consumers satisfaction

D. equates supply and demand

Explanation:

395. Who advocated the Monistic theory of sovereignty ?

A. Laski

B. Austin

C. Mac lver

D. J.S. Mill

Explanation: