
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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