Economics: Multiple Choice Questions with Answers


46. Which among the following are the factors that determine the national income of a country?

A. Quantity and Quality of factors of production

B. The state of technical knowledge

C. Economic and political stability

D. All of the above

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Correct Answer is D

47. The best indicator of the economic development of any country is?

A. It’s agriculture

B. It’s transport

C. Its gross production

D. It’s per capita income

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Correct Answer is D

48. What is the mainstay of the Indian economy?

A. Manufacturing

B. Business

C. Public sector

D. Agriculture

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Correct Answer is D

49. Who was the father of Operation Flood?

A. Dr. Norman Borlaug

B. Dr. M.S. Swaminathan

C. Dr. Verghese Kurien

D. Dr. William Gande

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Correct Answer is C

“Operation flood” was the largest integrated dairy development program in the world.

It was started by the National dairy development board in 1970.

50. By Parallel economy is meant an economy ________ .

A. which runs side by side of the existing economy

B. which has the same characteristics as the main economy

C. which has a variety of parallel businesses

D. which has plentiful of black money

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Correct Answer is D

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