Globalisation means (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy

Globalisation means (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy
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Integration of the domestic economy with the world economy
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Globalisation means - (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy

Description : Globalisation means - (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy

Last Answer : (3) Integration of the domestic economy with the world economy Explanation: Globalization is the process of international integration arising from the interchange of world views, products, ... globalization refers to processes that promote world-wide exchanges of national and cultural resources.

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

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.

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

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 :  Co-existence of public and private sectors

What do you mean by a mixed economy? a) Modern and traditional industries b) Public and private sectors c) Foreign and domestic investments d) Commercial and subsistence farming

Description : What do you mean by a mixed economy? a) Modern and traditional industries b) Public and private sectors c) Foreign and domestic investments d) Commercial and subsistence farming

Last Answer : Answer- b

The sum total of production of goods and services in the three sectors in a given year is called______. (a) Gross National Income (b) National Income (c) Net Domestic Product (d) Gross Domestic Product

Description : The sum total of production of goods and services in the three sectors in a given year is called______. (a) Gross National Income (b) National Income (c) Net Domestic Product (d) Gross Domestic Product

Last Answer : (d) Gross Domestic Product

Reasons for adopting globalisation A. Profit advantage B. Growth Opportunity C. Domestic Market Constraints D. Spin off benefits

Description : Reasons for adopting globalisation A. Profit advantage B. Growth Opportunity C. Domestic Market Constraints D. Spin off benefits

Last Answer : D. Spin off benefits

Freeing the economy from all unnecessary controls and regulations is referred to as - (1) Freedom (2) Privatisation (3) Liberalisation (4) Globalisation

Description : Freeing the economy from all unnecessary controls and regulations is referred to as - (1) Freedom (2) Privatisation (3) Liberalisation (4) Globalisation

Last Answer : (3) Liberalisation Explanation: Economic liberalization is a very broad term that usually refers to fewer government regulations and restrictions in the economy in exchange for greater participation ... liberalization in short refers to "the removal of controls", to encourage economic development.

"Globalisation of Indian Economy" denotes : (1) Increase of external borrowings (2) having minimum intervention in economic relations with other countries (3) starting of new business units abroad (4) relaxing the programmes of import substitution

Description : "Globalisation of Indian Economy" denotes : (1) Increase of external borrowings (2) having minimum intervention in economic relations with other countries (3) starting of new business units abroad (4) relaxing the programmes of import substitution

Last Answer : (2) having minimum intervention in economic relations with other countries Explanation: Globalization means integrating the economy of a country with the economies of other countries or world economy ... of a plethora of export incentives opting for exchange rate adjustments for promoting exports.

“Globalisation of Indian Economy” denotes : (1) Increase of external borrowings (2) having minimum intervention in economic relations with other countries (3) starting of new business units abroad (4) relaxing the programmes of import substitution

Description : “Globalisation of Indian Economy” denotes : (1) Increase of external borrowings (2) having minimum intervention in economic relations with other countries (3) starting of new business units abroad (4) relaxing the programmes of import substitution

Last Answer : having minimum intervention in economic relations with other countries

Freeing the economy from all unnecessary controls and regulations is referred to as (1) Freedom (2) Privatisation (3) Liberalisation (4) Globalisation

Description : Freeing the economy from all unnecessary controls and regulations is referred to as (1) Freedom (2) Privatisation (3) Liberalisation (4) Globalisation

Last Answer : Liberalisation

Throw light on the various sectors of the economy. -SST 10th

Description : Throw light on the various sectors of the economy. -SST 10th

Last Answer : People obtain loan from various sources. The various types of loans can be grouped as formal sector loans and informal sector loans. Formal sector: It Includes banks and cooperatives. The Reserve Bank of ... choose. There is no one to stop them from using unfair means to get their money back.

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

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.

In an economy, the sectors are classified into public and private on the basis of - (1) employment conditions (2) nature of economic activities (3) ownership of enterprises (4) use of raw materials

Description : In an economy, the sectors are classified into public and private on the basis of - (1) employment conditions (2) nature of economic activities (3) ownership of enterprises (4) use of raw materials

Last Answer : (3) ownership of enterprises Explanation: The classical breakdown of all economic sectors is: primary, secondary and tertiary. However, on the basis of ownership, the sectors are: business sector, private sector (privately run businesses), public sector (state sector) and voluntary sector.

The task of collecting data in all the three sectors of the economy is done by which organization: (a) NSSO (b) BPO (c) KPO (d) UNDP

Description : The task of collecting data in all the three sectors of the economy is done by which organization: (a) NSSO (b) BPO (c) KPO (d) UNDP

Last Answer : (a) NSSO

In an economy, the sectors are classified into public and private on the basis of (1) employment conditions (2) nature of economic activities (3) ownership of enterprises (4) use of raw materials

Description : In an economy, the sectors are classified into public and private on the basis of (1) employment conditions (2) nature of economic activities (3) ownership of enterprises (4) use of raw materials

Last Answer :  ownership of enterprises 

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

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

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 supply forces in the market (3) the private-sector takes all the decisions for price-determination of various commodities produced (4) the Government controls the allocation of all the factors of production

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

1) Which among the following could be said to be an 'Open Economy'?a) A nation that follows the doctrine of Free-market and Laissez-faire economics b) A nation that trades with other nations in goods and services and financial assets c) An economy that operates without government intervention d) None of the above

Description : 1) Which among the following could be said to be an 'Open Economy'? a) A nation that follows the doctrine of Free-market and Laissez-faire economics b) A nation that trades with other ... services and financial assets c) An economy that operates without government intervention d) None of the above

Last Answer : : b) A nation that trades with other nations in goods and services and financial assets

What does the term free-market denote in terms of economy? a) Minimal government intervention in trade and minimum regulations b) Maximum government intervention in trade and maximum regulations c) Means of production owned by the state d) None of the above

Description : What does the term free-market denote in terms of economy? a) Minimal government intervention in trade and minimum regulations b) Maximum government intervention in trade and maximum regulations c) Means of production owned by the state d) None of the above

Last Answer : : a) Minimal government intervention in trade and minimum regulations

Globalisation means A. Adopting a global outlook for business B. Inviting multinationals in the country C. Selling in the foreign market D. All of the above

Description : Globalisation means A. Adopting a global outlook for business B. Inviting multinationals in the country C. Selling in the foreign market D. All of the above

Last Answer : A. Adopting a global outlook for business

Which of the following is not an export (a) sales of domestic cars abroad (b) purchase of foreign components © students from abroad studying in your country (d) sales of financial services.

Description : Which of the following is not an export (a) sales of domestic cars abroad (b) purchase of foreign components © students from abroad studying in your country (d) sales of financial services.

Last Answer : (b) purchase of foreign components

Which one of the following sectors shows the highest share in Gross Domestic Product (GDP) in India? (a) Primary

Description : Which one of the following sectors shows the highest share in Gross Domestic Product (GDP) in India? (a) Primary

Last Answer : Which one of the following sectors shows the highest share in Gross Domestic Product (GDP) in India? ... (b) Secondary (c) Tertiary (d) Quaternary

GDP is defined as (a) The market value of all goods and services produced in the domestic economy during the year ; (b) Current value of all the capital goods produced in the country. ; (c) Sum of goods and services exported during the year. ; (d) All the capital goods and consumable goods produced and sold during the year

Description : GDP is defined as (a) The market value of all goods and services produced in the domestic economy during the year ; (b) Current value of all the capital goods produced in the country. ; (c) ... during the year. ; (d) All the capital goods and consumable goods produced and sold during the year

Last Answer : (a) The market value of all goods and services produced in the domestic economy during the year ; 

Aggregate net value of the output in one year is the - (1) National income at factor cost (2) Gross Domestic Product at market prices (3) Net. National Product at market prices (4) Gross National Product at market prices

Description : Aggregate net value of the output in one year is the - (1) National income at factor cost (2) Gross Domestic Product at market prices (3) Net. National Product at market prices (4) Gross National Product at market prices

Last Answer : (3) Net. National Product at market prices Explanation: Net national product at market price is the market value of the output of final goods and services produced at current price in ... at market price, Net national product at market price=Gross national product at market priceDepreciation.

National Income is the - (1) Net National Product at market price (2) Net National Product at factor cost (3) Net Domestic Product at market price (4) Net domestic Product at factor cost

Description : National Income is the - (1) Net National Product at market price (2) Net National Product at factor cost (3) Net Domestic Product at market price (4) Net domestic Product at factor cost

Last Answer : (2) Net National Product at factor cost Explanation: Net National Product. at factor cost is also called as national income. Net National Product at factor cost is equal to sum total of value added at ... of the flow of output of goods and services produced within an economy over a period of Lime.

Aggregate net value of the output in one year is the (1) National income at factor cost (2) Gross Domestic Product at market prices (3) Net National Product at market prices (4) Gross National Product at market prices

Description : Aggregate net value of the output in one year is the (1) National income at factor cost (2) Gross Domestic Product at market prices (3) Net National Product at market prices (4) Gross National Product at market prices

Last Answer : Net National Product at market prices

National Income is the (1) Net National Product at market price (2) Net National Product at factor cost (3) Net Domestic Product at market price (4) Net domestic Product at factor cost

Description : National Income is the (1) Net National Product at market price (2) Net National Product at factor cost (3) Net Domestic Product at market price (4) Net domestic Product at factor cost

Last Answer : Net National Product at factor cost 

Describe the impact of globalisation on Indian economy with examples. -SST 10th

Description : Describe the impact of globalisation on Indian economy with examples. -SST 10th

Last Answer : Impact of Globalisation on Indian Economy: 1.Higher standard of living in urban areas. 2.The impact has not been uniform among producers and investors. 3.There is greater choice before the ... company and call centres. 7.Local companies supply raw materials to foreign industries and have prospered.

Explain visible imports of globalisation on the Indian Economy, with two examples. -SST 10th

Description : Explain visible imports of globalisation on the Indian Economy, with two examples. -SST 10th

Last Answer : (i) Greater Competition among producers : Greater competition among producers both local and foreign, has been of advantage to consumers, particularly the well-off section of the society. ... time of start of globalisation. Information and communication technology also grew on an average 20%.

There are no benefits of globalisation. OR There is no impact of globalisation on the Indian economy.

Description : There are no benefits of globalisation. OR There is no impact of globalisation on the Indian economy.

Last Answer : State with reasons whether you agree or disagree with the following statement: There are no ... no impact of globalisation on the Indian economy.

Disinvestment in Public Sector is called (1) Liberalisation (2) Globalisation (3) Industrialisation (4) Privatisation

Description : Disinvestment in Public Sector is called (1) Liberalisation (2) Globalisation (3) Industrialisation (4) Privatisation

Last Answer : (4) Privatisation Explanation: Privatization is the process of transferring ownership of a business, enterprise, agency, public service or public property from the public sector (a government) to the ... or functions to private firms, e.g. revenue collection, law enforcement, and prison management.

Which among the following has the least possibility of globalisation ? (1) selection of labour force (2) location of capital works (3) to manage resources for investment (4) increase in infrastructure

Description : Which among the following has the least possibility of globalisation ? (1) selection of labour force (2) location of capital works (3) to manage resources for investment (4) increase in infrastructure

Last Answer : location of capital works

Disinvestment in Public Sector is called (1) Liberalisation (2) Globalisation (3) Industrialisation (4) Privatisation

Description : Disinvestment in Public Sector is called (1) Liberalisation (2) Globalisation (3) Industrialisation (4) Privatisation

Last Answer : Privatisation

Classify the sectors of economy on the basis of ownership. -SST 10th

Description : Classify the sectors of economy on the basis of ownership. -SST 10th

Last Answer : Public Sector : (i) The government owns most of the assets and provides all the services. (ii) The purpose of the public sector is not first to earn profits. Government raises money through ... ) Tata Iron and Steel Company (TISCO) or Reliance Industries Ltd.(RIL) are examples of private sector.

Describe the contribution of three sectors in Indian economy. -SST 10th

Description : Describe the contribution of three sectors in Indian economy. -SST 10th

Last Answer : (i) All the three sectors-primary, secondary and tertiary of economy are interdependent. (ii) The various production activities in the three sectors produce a very large number of goods and services. ... three sectors have a large number of people working in them to produce thee goods and services.

What are the differences in the employment conditions between organized and unorganized sectors of the economy? -SST 10th

Description : What are the differences in the employment conditions between organized and unorganized sectors of the economy? -SST 10th

Last Answer : Organized sector : (i) Workers in the organized sector enjoy security of employment. (ii) Workers get several benefits from the employers like paid leave, provident fund, gratuity, etc. (iii) ... , holidays, etc. (iii) Workers get less wages and there is no provision for overtime payment.

How are the three sectors of the economy different from each other ? -SST 10th

Description : How are the three sectors of the economy different from each other ? -SST 10th

Last Answer : Primary Sector : Activities undertaken by using natural resources, e.g., forestry, agriculture, fishing, etc. Secondary Sector : Activities includes various manufacturing activities and adds utility ... which supports primary and secondary sector by providing services, e.g., transportation, etc.

MCQ Questions for Class 10 Economics Chapter 2 Sectors of the Indian Economy with Answers -SST 10th

Description : MCQ Questions for Class 10 Economics Chapter 2 Sectors of the Indian Economy with Answers -SST 10th

Last Answer : Below you will find MCQ Questions of Chapter 2 Sectors of the Indian Economy Class 10 Economics Free PDF Download that will help you in gaining good marks in the examinations and also cracking ... the Indian Economy MCQ Questions will help you in practising more and more questions in less time.

MCQ Questions for Class 10 Economics Chapter 2 Sectors of the Indian Economy with Answers -General Knowledge

Description : MCQ Questions for Class 10 Economics Chapter 2 Sectors of the Indian Economy with Answers -General Knowledge

Last Answer : Below you will find MCQ Questions of Chapter 2 Sectors of the Indian Economy Class 10 Economics Free PDF Download that will help you in gaining good marks in the examinations and also cracking ... the Indian Economy MCQ Questions will help you in practising more and more questions in less time.

Which‌ ‌of‌ ‌the‌ ‌following‌ ‌is‌ ‌the‌ ‌most‌ ‌labour‌ ‌absorbing‌ ‌sectors‌ ‌of‌ ‌the‌ ‌Indian‌ ‌economy?‌ ‌ -Economics 9th

Description : Which‌ ‌of‌ ‌the‌ ‌following‌ ‌is‌ ‌the‌ ‌most‌ ‌labour‌ ‌absorbing‌ ‌sectors‌ ‌of‌ ‌the‌ ‌Indian‌ ‌economy?‌ ‌ -Economics 9th

Last Answer : (a) Primary sector Agriculture is the most labour absorbing sector of the economy.

How do various industries boost the agricultural sectors? -Geography

Description : How do various industries boost the agricultural sectors? -Geography

Last Answer : Textile, Cotton textile, Jute textiles, Sugar industries, woollen, silk textile, rubber, and tea, coffee and edible oil are agro-based industries which led to the improved the agricultural sector by ... farmers are supported by this industry as they are engaged in the cultivation of Jute and Mesta.

How Has Machine Learning Been Used in Various different Sectors?

Description : How Has Machine Learning Been Used in Various different Sectors?

Last Answer : A method of data analysis to automate analytical model building is called Machine Learning which is a subcategory of Artificial Intelligence. Machine Learning runs on the concept that systems learn from ... also be assessed through its wearable devices and sensors. The technology can also be used

Monitoring and targeting programs have been so effective that they show typical reductions in annual energy cost in the various industrial sectors between………. a. 10 to 30 % c. 5 to 20% b. 5 to 10 % d. 5 to 30%

Description : Monitoring and targeting programs have been so effective that they show typical reductions in annual energy cost in the various industrial sectors between………. a. 10 to 30 % c. 5 to 20% b. 5 to 10 % d. 5 to 30%

Last Answer : 5 to 20%

98. Monitoring and targeting programs have been so effective that they show typical reductions in annual energy cost in the various industrial sectors between………. a. 10 to 30 % c. 5 to 20% b. 5 to 10 % d. 5 to 30%

Description : 98.Monitoring and targeting programs have been so effective that they show typical reductions in annual energy cost in the various industrial sectors between………. a. 10 to 30 % c. 5 to 20% b. 5 to 10 % d. 5 to 30%

Last Answer : 5 to 20%

What is the fullform of „FSDC‟ which is used in financial sectors? A. Financial Security and Development Council B. Financial Stability and Development Council C. Fiscal Security and Development Council D. Fiscal Stability and Development Council

Description : What is the fullform of „FSDC‟ which is used in financial sectors? A. Financial Security and Development Council B. Financial Stability and Development Council C. Fiscal Security and Development Council D. Fiscal Stability and Development Council

Last Answer : B. Financial Stability and Development Council Explanation: Financial Stability and Development Council is an apex-level body constituted by the government of India. Chairperson: The Union Finance Minister ... , Additional Secretary, Ministry of Finance, DEA, will be the Secretary of the Council.

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

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

In India, disguised unemployment is generally observed in - (1) the Agricultural sector (2) the Factory sector (3) the Service sector (4) All these sectors

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.

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

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.

The law of diminishing returns applies to - (1) All sectors (2) Industrial sector (3) Agricultural sector (4) Service sector

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.

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) Both A & R are true and R is the correct explanation of A (b) Both A & R are true but R is not the correct explanation of A. (c) A is true but R is false. (d) Both A & R are false.

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