For the first time, the objective of self-reliance was incorporated in the ____ Five-Year Plan.
(A) 3rd
(B) 2nd
(C) 5th
(D) 1st
The Fourth Five-Year Plan, spanning from 1969 to 1974, was implemented during the tenure of Indira Gandhi as Prime Minister, aimed at rectifying past shortcomings. It was developed following the Gadgil Formula and prioritized achieving growth with stability, as well as promoting self-reliance.
What are the examples of car and diesel?
(A) demand
(B) supply
(C) joint supply
(D) joint demand
Which one of the following factors does not shift the demand curve for a product to the right?
(A) to advertise successfully
(B) fall in the price of its complements
(C) increase in the price of its substitutes
(D) fall in the price of the product itself
A change in the price of a good does not shift the demand curve. Instead, it causes a movement along the demand curve.
The cost of advertising is called
(A) implicit cost
(B) surplus cost
(C) fixed cost
(D) selling cost
The cost incurred in advertising is called selling cost.
The demand for which of the following goods is elastic?
(A) electricity
(B) medicine
(C) rice
(D) match box
Among the given options, only the demand for electricity is elastic, whereas the demand for medicine, rice and matchbox is inelastic.
At a premium of Re 1, what amount of insurance cover is provided by the Indian Railways to the passengers?
(A) One lakh
(B) Fifty thousand
(C) Ten lakh
(D) Five lakh thousand
Indian Railway: Get up to Rs 10 lakh insurance by paying just Re 1 - check how.
India's GST is based on the model of which country?
(A) Canada
(B) England
(C) France
(D) America
Neo Malthusian theory is related to which of the following?
(A) Poverty
(B) Employment
(C) Lack of resources
(D) Income
Neo-Malthusianism is the advocacy of population control programs, to ensure resources for current and future populations.
What would be the effect on the cash reserves of commercial banks if RBI sells the securities?
(A) increase or decrease
(B) decrease
(C) increase
(D) No effect
If RBI conducts a sale of securities, it absorbs liquidity in the economy thereby reducing Cash Reserves in commercial banks.
What is produced by monopolistic competition?
(A) close substitute
(B) perfect substitute
(C) complementary goods
(D) homogeneous objects
Monopolistic competition is a type of market structure where many companies are present in an industry, and they produce similar but differentiated products. None of the companies enjoy a monopoly, and each company operates independently without regard to the actions of other companies.
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