General Knowledge : Economics QUESTIONS AND ANSWERS :: part7 : 26 to 30
Following General Knowledge Multiple choice objective type questions and answers will help you in TRB, SSC and UPSC 2024 examinations :
26.Stagflation implies a case of |
galloping |
recession pous inflation |
adverse balance of trade |
rising wages and employment |
27.The contribution of agriculture to Indias economy is |
increasing |
decreasing |
constant |
None of these |
28.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) : Except for some years of the First Five Year Plan, there has been a continuous uptrend in agricultureal prices accompanied by wide fluctions.Reason (R) : There has been a persistent increase in demand accompanied and indaquate and fluctuating supply. |
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. |
29.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) : Credit is a major need of rural artisansReason (R) : Banks advance enough credit for the development of rural industries. |
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. |
30.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) : Indirect taxes contribute maximum amount to the Central Government in the tax policyReason (R) : As many goods are being constantly produced and sold, they contribute a good share to the exchequer. |
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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