General Knowledge Questions And Answers :: Economics: part7



General Knowledge : Economics QUESTIONS AND ANSWERS :: part7 : 16 to 20

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

16.What is the Procurement Price for an agricultural commodity ?

Money paid to the farmers during drought
Subsidy paid by the Govt. over the market price
The minimum price at which Govt. is ready to buy
The floor - price below which it cannot be sold

17.The headquarters of World Bank are in

New York
Paris
Geneva
Washington, D.C

18.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) : There have been various defects and weaknesses in Indian agricultural marketing.Reason (R) : Exploitative marketing practices, high marketing charges and unfair prices have held sway in such unregulated markets.

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.

19.Given below are two statements, labeled as Assertion (A) and Reason (R). Which of the following is true in their context ? 1. Assertion (A) : In inflation, there is increase in money - supply and the ruse in price level. 2. Reason (R) : The rise in price level is due to shortage in supply of essential consumer goods.

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

20.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 Eighth Five Year Plan aimed at growth and diversification of agriculture.Reason (R) : It was to achieve self - sufficiency in food.

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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