General Knowledge : Economics QUESTIONS AND ANSWERS :: part5 : 41 to 45
Following General Knowledge Multiple choice objective type questions and answers will help you in TRB, SSC and UPSC 2024 examinations :
41.The Gandian economy is based on the principle of |
| competition |
| trusteeship |
| State control |
| None of these |
42.The basic characteristic of oligopoly is |
| A few sellers, a few buyers |
| a few sellers, many buyers |
| A few sellers, one buyer |
| Many sellers, a few buyers |
43.Black money is |
| counterfeit currency |
| illegally earned money |
| money earned through underhand deals |
| income on which payment of tax is usually evaded |
44.According to J.M. Keynes, in developed countries unemployment results from lack of |
| raw materials |
| financial resources |
| jobs |
| effective demand |
45.""From each according to his capacity, to each according to his needs"" is |
| a socialist ideal |
| a communist ideal |
| a secular ideal |
| a democratic ideal |
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