Economics QUESTIONS AND ANSWERS

General Knowledge : Economics QUESTIONS AND ANSWERS :: part7 : 66 to 70

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

66.From the view of International economy, Third World implies

the developed contries

the developing countries

block led by U.S.A., U.K. etc.

None of these

67.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) : Indias software exports increased at an average growth rate of 50 % since 1995-96.Reason (R) : Indian software companies were cost effective and maintained international quality.

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.

68.The Small Scale Industries are assuming importance in India since (a) they are capable of absorbing the surplus workforce in rural area. (b) they can make use of the agricultural produce. (c) they can produce a huge variety of consumer goods Choose the answer from the following alternatives :

a and b

b and c

a, b and c

a and c

69.The concept of Five Year Plans in India was introduced by

Lord Mountbatten

Jawaharlal Nehru

Indira Gandhi

Lal Bahadur Shastri

70.The Structural Adjustment Loan to Support Indian Economys leep into a more competitive and efficient environment has been secured from

the World Bank

Bank of America