General Knowledge Questions And Answers :: Economics: part7



General Knowledge : Economics QUESTIONS AND ANSWERS :: part7 : 71 to 75

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

71.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) : The increase over the years of the percentage contribution of public administration and defence to the GDP is an unwelcome feature.REason (R) : The contribution in these cases means expenditure on these items.

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.

72.The sale proceeds of Government boands come under the budget head of

Revenue receipts
Capital Receipts
Capital outlay
Current expenditure

73.India opted for Mixed Economy in

Framing of the Constitution
Second Five Year Plan
Industrial Policy of 1948
None of these

74.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) : Minimum wages in India are fixed in accordance with the levels of living and the labour participation ratios.Reason (R) : All workers covered by the Minimum Wages Acts are above the poverty line.

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.

75.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) : Programmes like IRDP have not exceedes as much as hoped for .Reason (R) : The centralised structure leadsto deficient implementation.

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.

More Economics QUESTIONS AND ANSWERS available in next pages

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