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Online Economics Quiz Set No - 12

Economics questions have been taken from previous years question papers of different competitive examinations such SSC CGL, SSC CHSL, CDS, NDA, Bank, State PSC, Railways, MAT, CAT, etc.

111) Indian Economy is a/an
A) Independent Economy
B) Mixed Economy
C) Capitalist Economy
D) Communist Economy

112) Indian farmers insurance against crop failure is the process of one of the major methods of risks coverage by Indian farmers in?
A) Mixed cropping
B) Dry farming
C) Relay cropping
D) Share cropping

113) India's economic planning CANNOT be said to be :
A) indicative
B) imperative
C) limited
D) democratic

114) India's wage policy is based on :
A) cost of living
B) standard of living
C) productivity
D) None of these

115) Inflation can be contained by:
A) surplus budget
B) increase in taxation
C) reduction in public expenditure
D) All of these

116) Inflation implies:
A) rise in budget deficit
B) rise in money supply
C) rise in general price index
D) rise in prices of consumer goods

117) Inflationary Gap is a situation characterized by:
A) excess of Aggregate Demand over Aggregate Supply at the full employment level
B) gap between Galloping Inflation and Runaway Inflation
C) Inflation coupled with recession
D) Inflation that usually prevails in a developing country

118) Invisible Export means export of
A) Services
B) Prohibited goods
C) Restricted goods
D) Goods as per OGL list

119) IRDP was introduced during the
A) Sixth Five Year Plan
B) Fifth Five Year Plan
C) Fourth Five Year Plan
D) Third Five Year Plan

120) J. B. Say's Law of Market was not accepted by
A) Adam Smith
B) Marshall
C) Malthus
D) David Ricardo