Which of the following statements is/are incongruous with national income? (a) It measures net value of goods and services produced in a country during a year. (b) It includes net earned foreign income. (c) It measures the stock of commodities held by the nationals at a point of time.

The government is planning to merge (CSO) and (NSSO) and a new organisation by the name NSO is emerging. NSO stands for

According to Simon Kuznets, the following methods are employed to calculate the national income: (a) Product method
(b) Income method (c) Expenditure method (d) Consumption method

Which of the above is superfluous?

When we talk of Gross National Product (GNP), we talk of the following: (a) It measures money value of all the goods and services produced by the nationals of a country in a year. (b) It includes the money value of goods and services produced by nationals outside the country. (c) It also includes the income received by foreign nationals within the boundary of the country.

Which of the above is/are correct?

Which of the following statements is/are incorrect for Balance of Payment? (a) It implies payment for a country's exports and imports. (b) It implies payment for services. (c) It implies payment of financial transfers. (d) It is prepared in various currencies depending upon the countries you deal with.

What are the major measures adopted under LPG? (a) Forex controls eased on account of trade (b) Complete tax exemptions (c) Foreign equity up to 75% is encouraged in EOUs (d) Investment incentives both at centre and state levels

Which of the above is/are incorrect?

The World Bank has suggested the following priorities for economic reforms in India. (a) Agriculture and rural development (b) Infrastructure (c) Education (d) HIV/AIDS

Which of the above is not a priority?

Following are the main problems in agriculture sector: (a) Inadequate infrastructure. (b) Over regulation of agricultural leads to increased cost price risks. (c) Gradual withdrawal of subsidies over the years.

Which of the above you do not agree to?

India has overnight become a key centre of BPO. (a) Service industry employs English speaking works on supply side. (b) Foreign companies inclined to outsourcing their operations demanded ITES. (c) High cost communication infrastructure.

Which of the above is incorrect?

Post liberalisation, the Indian private sector has successfully confronted the foreign competition (Chinese) by dint of following measures. (a) Curtailing cost of production (b) Product innovations (c) Technology upgradation (d) Low labour costs

Which of the above is/are not true?

An incentive to invest in risky venture metamorphoses into

Enumerate the chief/salient characteristics of a monopoly: (a) Lack of economic competition (b) Lack of viable substitute goods (c) Power to charge high prices (d) Involvement of big business

Which of the above statements is incorrect?

Monopolies tend to become less efficient and less innovative over time. Comment: (a) Complacency takes over (b) Lack of competition in market (c) New entrants find the entry barriers (d) Non-availability of substitutes

Which of the above is/are correct?

Which of the following factors conform the monopolistic market? A. Perfectly competitive market
(1) Price is set above marginal cost (2) Infinite number of competitors (3) Preserve excess profits (4) Absolute product differentiation (5) Price equals marginal cost (6) No competitor (7) Excess profit in the short term (8) Zero product differentiation

Consider the following statements about economic liberalisation of 1991 in India: (1) It did away the Licence Raj (2) It ended public sector monopoly in many sectors (3) It enhanced Foreign Direct Investment (FDI)

Which of the given statements is/are incorrect?