General Knowledge Questions And Answers :: Economics: part7



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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