Economics QUESTIONS AND ANSWERS

General Knowledge : Economics QUESTIONS AND ANSWERS :: part7 : 51 to 55

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

51.Given below are two statements labelled as Assertion (A) and Reason (R) in the context of the statements, which of the following is correct ?Assertion (A) : When the price of X rises, the quantity demanded of Y increases.Reason (R) : X and Y are subsitutes

Both A and R are true and R is the correct explanation of A.

Both A and R are true but R is the not the correct explanation of A.

A is true but R is false.

A is false but R is true.

52.Voting rights in the International Monetary Fund (IMF) are distributed on the basis of

one country, one vote

proportion to the share of the income of the country in the world income

proportion to contributions given by each country

proportion to quota allocated to countries from time to time

53.Given below are two statements labelled as Assertion (A) and Reason (R) in the context of the statements, which of the following is correct ?Assertion (A) : Capital formation is the key to economic growth.Reason (R) : By creating opportunities for investment the government encourages the people to save and invest.

Both A and R are true and R is the correct explanation of A.

Both A and R are true but R is the not the correct explanation of A.

A is true but R is false.

A is false but R is true.

54.Given below are two statements labelled as Assertion (A) and Reason (R) in the context of the statements, which of the following is correct ?Assertion (A) : A balanced regional development would call for embhasis on dry land farming.Reason (R) : Two - thirds of cultivated area is unirrigated.

Both A and R are true and R is the correct explanation of A.

Both A and R are true but R is the not the correct explanation of A.

A is true but R is false.

A is false but R is true.

55.Which of the following is correctly marched ?

NABARD - Industrial finance

IDBI - Short term finance

RRBs - Long term Credit

RBI - Refinance of Food Loans

More Economics QUESTIONS AND ANSWERS available in next pages