Description : Assertion (A): The development of agriculture and industry leads to the development of tertiary sector. Reason (R): As the agriculture and industrial sectors develop, the demand for storage, transport, banking, insurance, etc, increases ... A. (c) A is true but R is false. (d) Both A & R are false.
Last Answer : (a) Both A & R are true and R is the correct explanation of A
Description : A mixed economy refers to an economic system where - (1) The economy functions with foreign collaboration (2) Only t he private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed
Last Answer : (3) Both the government and the private sectors operate sectors operate simultaneously Explanation: Mixed economy is an economic system in which both the state and private sector direct the ... and that the government wields indirect influence over the economy through fiscal arid monetary policies.
Description : A mixed economy refers to an economic system where (1) The economy functions with foreign collaboration (2) Only the private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed
Last Answer : Both the government and the private sectors operate sectors operate simultaneously
Description : Personal Income' equals - (1) The household sector's in-come (2) Private income minus savings of the corporate sector minus corporation tax (3) Personal disposable income plus miscellaneous receipts of the Goverment (4) All of the above
Last Answer : (3) Personal disposable income plus miscellaneous receipts of the Goverment Explanation: Disposable income is total personal income minus personal current taxes (or plus receipts of the government). ... category of personal (or, private) consumption expenditure) yields personal (or, private) savings
Description : In India, disguised unemployment is generally observed in - (1) the Agricultural sector (2) the Factory sector (3) the Service sector (4) All these sectors
Last Answer : (1) the Agricultural sector Explanation: As the word suggests, disguised unemployment refers to a situation when a person is apparently employed, but in effect unemployed. It is a ... in reality a sufficient number of them are unemployed. Their contribution regarding production is negligible.
Description : The law of diminishing returns applies to - (1) All sectors (2) Industrial sector (3) Agricultural sector (4) Service sector
Last Answer : (1 ) All sectors Explanation: The classical economists were of the opinion that - the law of diminishing returns applies only to agriculture and to some extractive industries, such as mining, fisheries urban land, etc. However, it is applicable to other sectors such as manufacturing as well.
Description : In India, disguised unemployment is generally observed in (1) the Agricultural sector (2) the Factory sector (3) the Service sector (4) All these sectors
Last Answer : the Agricultural sector
Description : ‘Personal Income’ equals (1) The household sector’s income (2) Private income minus savings of the corporate sector minus corporation tax (3) Personal disposable income plus miscellaneous receipts of the Goverment (4) All of the above
Last Answer : Personal disposable income plus miscellaneous receipts of the Goverment
Description : The law of diminishing returns applies to (1) All sectors (2) Industrial sector (3) Agricultural sector (4) Service sector
Last Answer : All sectors
Description : Leontief’s input output model is based on the concept of----- (a) Consumption function (b) Partial Equilibrium © General Equilibrium. (d) All of the above.
Last Answer : © General Equilibrium.
Description : The equilibrium price of a commodity will definitely rise if there is a/an: (1) increase in supply combined with a decrease in demand. (2) increase in both demand and supply. (3) decrease in both demand and supply. (4) increase in demand accompanied by a decrease in supply.
Last Answer : (4) increase in demand accompanied by a decrease in supply. Explanation: Price of a commodity is always determined by the forces of demand and supply in the market. The price at which ... equilibrium price definitely increases when there is an increase in demand combined with the decrease in supply.
Description : The equilibrium price of a commodity will definitely rise if there is a/an : (1) increase in supply combined with a decrease in demand. (2) increase in both demand and supply. (3) decrease in both demand and supply. (4) increase in demand accompanied by a decrease in supply.
Last Answer : increase in demand accompanied by a decrease in supply.
Description : 9. How is the tertiary sector different from other sectors? Illustrate with a few examples. -Economics 10th
Last Answer : The are activities that help in the development of the primary and secondary sectors are called tertiary activities. These activities are different from the primary and secondary sector activities. These ... but play a very important role in selling and bringing those goods to the market.
Description : How is tertiary sector different from other sectors? -SST 10th
Last Answer : . In primary sector, most of the activities are undertaken by exploiting our natural resources. . The secondary sector does the processing of the raw material produced by primary sectors ... natural resources, but the activities undertaken by this sector support both primary and secondary sectors.
Description : Why is the tertiary sector becoming more important than other sectors in India? -SST 10th
Last Answer : Tertiary sector has become important in India due to (i) Basic services like hospitals, education, post and telegraph, courts etc. are the responsibility of the government. (ii) Demand ... of service sector also benefitted from external demand such as software industry and call centre services.
Description : How is tertiary sector different from the other two sectors of economic activities? -SST 10th
Last Answer : Tertiary sector is different from other two sectors because: (i) It does not provide or produce goods. (ii) It provides services such as transport, I.T., communications, etc. (iii) ... the sectors. (iv) More the primary and secondary sectors develop, there increases the requirement of services.
Last Answer : Tertiary sector is different from other sectors in the following ways: (i) Primary sector includes all those activities which result in output of natural products. (ii) Secondary sector includes activities ... has to move long distance. It can be done by a strong network of tertiary activities.
Description : Macroeconomics is a study of economics that deals with which 4 major factors: a) households, firms, government, and demand-supply b) households, firms, government and external sector c) firms, government, free-market, and regulations d) none of the above
Last Answer : b) households, firms, government and external sector
Description : In a Laissez-faire economy (1) the customers take all the decisions regarding production of all the commodities (2) the Government does not interfere in the free functioning of demand and ... of various commodities produced (4) the Government controls the allocation of all the factors of production
Last Answer : the Government does not interfere in the free functioning of demand and supply forces in the market
Description : The market equilibrium for a commodity is determined by : (1) The market supply of the commodity. (2) The balancing of the forces of demand and supply for the commodity (3) (3) The intervention of the Government. (4) (4) The market demand of the commodity.
Last Answer : (2) The balancing of the forces of demand and supply for the commodity Explanation: Market Equilibrium is determined when the quantity demanded of a commodity becomes equal to the quantity ... equilibrium is known as equilibrium price and the corresponding quantity is known as equilibrium quantity.
Description : Which of the following occurs when labour productivity rises? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right
Last Answer : (4) The labour demand curve shifts to the right Explanation: As labour productivity increases, the production function shifts up and simultaneously the labor demand curve shifts out and right. At ... , the production function shifts up and simultaneously the labor demand curve shifts out and right.
Description : The balance of payments of a country is in equilibrium when the - (1) demand as well as supply of the domestic currency are the highest (2) demand for the domestic currency is equal to its supply (3) demand for the domestic currency is the highest (4) demand for the domestic currency is the lowest
Last Answer : (2) demand for the domestic currency is equal to its supply Explanation: When the balance of payments (BOP) of a country is in equilibrium, the surplus or deficit is eliminated from the ... currency is equal to its supply. The demand and supply situation is thus neither favourable nor unfavourable.
Description : Equilibrium price is the price when : (1) supply is greater than demand (2) supply is less than demand (3) demand is very high (4) supply is equal to demand
Last Answer : (4) supply is equal to demand Explanation: The equilibrium price is the price where the goods and services supplied by the producer equals the goods and services demanded by the customer(s). How the equilibrium price is achieved is through the 'Invisible Hand', or market forces of the economy.
Description : Equilibrium price means - (1) Price determined by demand and supply (2) Price determined by Cost and Profit (3) Price determined by Cost of production (4) Price determined to maximize profit
Last Answer : (1) Price determined by demand and supply Explanation: Equilibrium price is a state in economy where the supply of goods matches demand. When a major index experiences a period of consolidation or sideways ... short, it is the market price at which the supply of an item equals the quantity demanded.
Description : In equilibrium, a perfectly competitive firm will equate - (1) marginal social cost with marginal social benefit (2) market supply with market demand (3) marginal profit with marginal cost (4) marginal revenue with marginal cost
Last Answer : (4) marginal revenue with marginal cost Explanation: A perfectly competitive firm's supply curve is that portion of its marginal cost curve that lies above the minimum of the average variable cost ... marginal cost curve. The marginal cost curve is thus the perfectly competitive firm's supply curve.
Description : According to the effective demand principle: a) at a certain price, the output shall not be determined by any known factor b) at a certain price, the output will remain unaffected by rise or ... certain price, equilibrium output will be solely determined by the aggregate demand d) none of the above
Last Answer : c) at a certain price, equilibrium output will be solely determined by the aggregate demand
Description : In a monopoly market, an upward shift in the market demand results in a new equilibrium with A.A higher quantity and a lower price B.A higher quantity and the same price C.A higher quantity and higher price D.All of the above
Last Answer : C.A higher quantity and higher price
Description : When cost of production is zero, monopoly equilibrium will be established at a level where elasticity of demand curve is : (a) Greater than one (b) Equal to one (c) Less than one (d) Infinity
Last Answer : Equal to one
Description : The balance of payments of a country is in equilibrium when the (1) demand as well as supply of the domestic currency are the highest (2) demand for the domestic currency is equal to its supply (3) demand for the domestic currency is the highest (4) demand for the domestic currency is the lowest
Last Answer : demand for the domestic currency is equal to its supply
Description : The market equilibrium for a commodity is determined by: (1) The market supply of the commodity. (2) The balancing of the forces of demand and supply for the commodity (3) The intervention of the Government. (4) The market demand of the commodity.
Last Answer : The balancing of the forces of demand and supply for the commodity
Description : Which of the following occurs when labour productivity rises ? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right
Last Answer : The labour demand curve shifts to the right
Description : Equilibrium price means (1) Price determined by demand and supply (2) Price determined by Cost and Profit (3) Price determined by Cost of production (4) Price determined to maximise profit
Last Answer : Price determined by demand and supply
Description : In equilibrium, a perfectly competitive firm will equate (1) marginal social cost with marginal social benefit (2) market supply with market demand (3) marginal profit with marginal cost (4) marginal revenue with marginal cost
Last Answer : marginal revenue with marginal cost
Description : pecially after 1988 UNESCO nomenclature), but an important sector of academia prefer to treat it as an interdisciplinary field of study. Aspects of international relations have been studied for thousa?
Last Answer : There are many places you can purchase warehouse signage. One website would be www.uline.com. You can also purchase them at www.shelftagsupply.com. Another website is www.safetysign.com.
Description : On what basis is the industrial sector classified into public and private sectors ? -SST 10th
Last Answer : C - Industries in the public sector are owned by the government while those in the private sector are owned by entrepreneurs.
Description : On what basis is the industrial sector classified into public and private sectors? -SST 10th
Last Answer : The industrial sector is classified into public and private sectors on the basis of ownerships of enterprises.
Description : The ‘Perspective Plan’ is an attempt to help which of the following sectors reach its full potential? a. Pig livestock sector b. Poultry Sector c. Dairy Sector d. Honey sector e. Silk Sector
Last Answer : c. Dairy Sector
Description : Banking sector comes under which of the following sectors ________. a. Marketing sector b. Service sector c. Industrial sector
Last Answer : b. Service sector
Description : Operations management is applicable (a) mostly to the service sector ; (b) mostly to the manufacturing sector (c) to manufacturing and service sectors ; (d) to the manufacturing sector exclusively
Last Answer : (c) to manufacturing and service sectors ;
Description : A disk has 500 bytes/sector,100 sectors / track, 20 heads and 1000 cylinders. Total capacity of disk is (a) 1 GB (b) 100 MB (c) 10 MB (d) 10 GB
Last Answer : A disk has 500 bytes/sector,100 sectors / track, 20 heads and 1000 cylinders. Total capacity of disk is 1 GB
Description : Mixed Economy means : (1) Promoting both agriculture and industries in the economy (2) Co-existence of public and private sectors (3) Co-existence of rich and poor (4) Co-existence of small and large industries
Last Answer : (2) Co-existence of public and private sectors Explanation: A mixed economy is variously defined as an economic system consisting of a mixture of either markets and economic planning, public ... economies are mixed where the means of production are shared between the private and public sectors.
Description : Which of the following about strategy of balanced growth is right? a. Simultaneous investment in all sectors b. All sectors are independent. c. Both d. None
Last Answer : a. Simultaneous investment in all sectors The supporters of this theory argue that simultaneous investment in all the sectors will help in faster growth. It is based on the idea that all sectors are interlinked.
Description : Consider the following statements and identify the right ones. i. COR is relatively low in labour intensive sectors. ii. COR will be high in capital intensive sectors iii. Both iv. None
Last Answer : iii. Both
Description : Which of the following about strategy of unbalanced growth is right? a. Deliberate imbalance in favor of some sectors b. Simultaneous investment in all sectors c. Both d. None
Last Answer : a. Deliberate imbalance in favor of some sectors
Last Answer : Co-existence of public and private sectors
Description : In a highly developed country the relative contribution of agriculture to GDP is (1) relatively high (2) relatively low (3) the same as that of other sectors (4) zero
Last Answer : (2) relatively low Explanation: In developed countries, the labor productivity of any commercial agriculture is high, so only a very small percentage of the population is involved with agriculture ... the primary sectors of the economy have sizeable contributions in the GDP of developing nations.
Description : In the recent budget, the facility of Kisan Credit Card (KCC) scheme has been extended by the government to which other sectors? a. Poultry and Apiculture b. Fisheries and Poultry c. Apiculture and Horticulture d. Fisheries and Animal Husbandry
Last Answer : d. Fisheries and Animal Husbandry
Last Answer : relatively low
Description : The basic problem studied in Macro - Economics is - (1) production of income (2) usage of income (3) flow of income (4) distribution of income
Last Answer : (1) production of income Explanation: Macroeconomics involves the sum total of economic activity, dealing with the issues such as production of national income, growth, inflation, and unemployment. It is all about is about maximizing national income and growth.
Description : Reema and Rahul studied about calculation of BMI in their school. They are keen to know the BMI of their domestic maid servant whose weight is 61 and height is 5 feet. Can you help them in knowing that if she is: a. Underweight b. Overweight c. Normal d. None of the above
Last Answer : b. Overweight