In which area is the public sector most dominant i | Indian Economy Questions & Answers

Q:

For the first time in Gujarat, who implemented Jizya tax?

A) Ahmed Shah I	B) Mahmud Begda
C) Mujaffarshah I	D) Mujaffarshah II

Answer & Explanation Answer: A) Ahmed Shah I

Explanation:

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Q:

Who decides the Minimum Support Price (MSP) for agricultural crops in India?

A) Ministry of Agriculture	B) NABARD
C) Commission on Agriculture Cost and Price (CACP)	D) Ministry of Commerce

Answer & Explanation Answer: C) Commission on Agriculture Cost and Price (CACP)

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Q:

Which of the following increases labor productivity?

A) an increase in the aggregate hours of work	B) decreases in the availability of computers and factory buildings
C) inventories of new machinery, equipment, or software	D) a decline in the health of the population

Answer & Explanation Answer: C) inventories of new machinery, equipment, or software

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Q:

The production possibilities curve illustrates the basic principle that

A) an economy's capacity to produce increases in proportion to its population size.	B) the production of more of any one good will in time require smaller and smaller sacrifices of other goods.
C) an economy will automatically seek that level of output at which all of its resources are employed.	D) if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced.

Answer & Explanation Answer: D) if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced.

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Q:

An exculpatory clause is generally unenforceable when

A) it involves public transportation.	B) it attempts to release a party from liability for ordinarily negligent behavior.
C) it is written clearly and in bold, large print.	D) the affected activity is a recreational activity.

Answer & Explanation Answer: A) it involves public transportation.

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Q:

Globalization of the economy has

A) decreased regional specialization of production	B) decreased investment in less developed countries
C) heightened economic differences among places	D) leveled economic differences between places

Answer & Explanation Answer: C) heightened economic differences among places

Explanation:

Economic globalization is the increasing economic integration and interdependence of national, regional and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital.

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Q:

In April 2017, Agriculture Ministry Unveiled Model APMC Act. The new Act proposes to put a Cap on Mandi taxes at what rate (in percent) for food grain?

A) 5	B) 1
C) 2.5	D) 8

Answer & Explanation Answer: B) 1

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Q:

Debenture holders of a company are its ___________.

A) Shareholders	B) Creditors
C) Debtors	D) Directors

A) Organised term lending financial instistutions	B) Transport
C) Commerical banking	D) Steel production

In which area is the public sector most dominant in India?

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