Economics QUESTIONS AND ANSWERS

General Knowledge : Economics QUESTIONS AND ANSWERS :: part2 : 26 to 30

Following General Knowledge Multiple choice objective type questions and answers will help you in TRB, SSC and UPSC 2024 examinations :

26.Rate of growth of an economy is measured in termas of

Per capita income

Industrial development

Number of people who have been lifted above the poverty

National income

27.National income has reference to which year ?

a calender year ( Jan - Dec)

A. U. N. Year ( July - June)

a financial year ( April - Mar)

Any of those

28.Which one of the following States produces about 50 percent of the total silk textiles in India ?

Karnataka

West Bengal

Jammu and Kashmir

Assam

29.The main agrument advanced in favour of small scale and cottage industries in India is that

Cost of production is low

they require small capital investment

they advance the goal of equitable distribution of wealth

they generate a large volume of employment

30.What is the best socio - economic justification for the levy of income tax ?

Reducing inequalities of incomes and wealth

Collecting revenue for projects to promote public welfare

Checking profiteering

Preventing circulation of black money

More Economics QUESTIONS AND ANSWERS available in next pages

Health is the greatest gift, contentment is the greatest wealth -Buddha

Trust because you are willing to accept the risk, not because itâs safe or certain

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