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Q:

The study of economics is primarily concerned with

A) choices that are made in seeking to use scarce resources efficiently B) keeping private businesses from losing money
C) demonstrating that capitalistic economies are superior to socialistic economies D) None of the above

Answer:   A) choices that are made in seeking to use scarce resources efficiently



Explanation:
Subject: Indian Economy
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In which area is the public sector most dominant in India?

 

A) Organised term lending financial instistutions B) Transport
C) Commerical banking D) Steel production
 
Answer & Explanation Answer: C) Commerical banking

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India was ranked at which place among emerging economies on Inclusive Development Index (IDI-2018) released by World Economic Forum (WEF)?

 

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Answer & Explanation Answer: C) 62nd

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What was the major decision that took place in 1987 Montreal Conference?

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C) Developing countries will completely ban CFC production by 2000 D) Developing countries will completely ban CFC production by 2020
 
Answer & Explanation Answer: A) Developed countries will completely ban CFC production by 2000

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Which of the following should always be balanced in the foreign trade of India?

 

 

A) Balance of Trade B) Balance of Paymen
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