Introductory Economics 2 Set 3

Bachelor of Arts in History (BA History)

Practice Mode Previous
On This Page

This set of Introductory Economics 2 Multiple Choice Questions & Answers (MCQs) focuses on Introductory Economics 2 Set 3

Q1 | Agricultural Credit is given by.
  • co-operatives
  • rrbs
  • nabard
  • all of the above
Answer: all of the above
Q2 | India’s Green revolution was most successful in …………Production:
  • wheat
  • rice
  • maize
  • cotton
Answer: wheat
Q3 | Regional Rural Bank were started in ………………..
  • 1969
  • 1972
  • 1975
  • 1991
Answer: 1975
Q4 | The worst form of land tenurs system was…………………….
  • zamindary
  • riotwary
  • mahalwari
  • malguzari
Answer: zamindary
Q5 | When the first industrial policy was introduced ?
  • 1951.
  • 1991.
  • 1948.
  • 1956
Answer: 1948.
Q6 | Import quota is :
  • tariff
  • non-tariff trade barrier
  • concession
  • international obligation
Answer: non-tariff trade barrier
Q7 | Balance of payments must always balance because:
  • trade deficit is cancelled by invisible credits
  • import always equals exports
  • of an accounting connection
  • what a country gets, it must either pay or save
Answer: of an accounting connection
Q8 | Trade Policy measures for correction of balance of payments disequilibrium include of exportpromotion:
  • export promotion
  • import control
  • both a & b
  • import substitution
Answer: both a & b
Q9 | In calculating India’s balance of payments position, we must:
  • omit invisible items
  • omit exports and imports of gold
  • include expenditure by foreign tourists as imports
  • include long term loans abroad as debit
Answer: omit exports and imports of gold
Previous