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Economics - Questions and Answers

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411. Gandhian economics is based on
A. industrialisation
B. socialist foundations
C. capitalist foundations
D. ethical foundations
Explanation:
412. An as valorem duty is a tax on the basis of
A. the price of a commodity
B. the value added
C. the advertisement expenditure
D. the unit of the commodity
Explanation:
413. Which year is known as "" Year of the Great Divide"" with regard to population growth in India ?
A. 1921
B. 1935
C. 1947
D. 1951
Explanation:
414. The consumers surplus can be defined a s
A. total consumer satisfaction
B. difference between actual price and the potential price
C. extra units of a commodity bought
D. surplus commodity left after consumption
Explanation:
415. The National Rural Employment Programme (NREP) is dependent on
A. rural employment
B. self employment
C. wage employment
D. revolving employment
Explanation:
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