Important One Liner Economics 500 Question – Gk By Mr. DJ
251.What is meant by mixed farming – animal husbandry and agriculture
252.Which method is used to measure agricultural income in India- Production method
253.What is the movement of people from the village to the small town and later to the city – step wise migration
254.The profit of Indian bank working abroad is a part of – Income from enterprise profession earned abroad
255.During which period the salary of central government employees can be reduced – Financial emergency
256.Which industries are the main beneficiaries of Mumbai port – cotton textile and petrochemical industries.
257.Green Banking is meant to enrich the environment by- discouraging the use of paper through technology in banks.
258.The main reason for poverty in underdeveloped countries is- income inequality.
259.As a result of the recommendations of the working group on rural banks, 5 rural regional banks were initially set up in- the year 1975.
260.Firms that make payments to outsiders for their goods and services are called- Explicit costs.
261.Demand between Petrol and Car is- negative.
262.Finance Commission – Decides on the sharing of resources between the Center and the States.
263.The first Chairman of the Disinvestment Commission was- G.V. Ramakrishna
264.Gross domestic product on an article is – by subtracting indirect tax from GDP and adding subsidies
265.The expansion or contraction of the quantity demanded of a commodity results in change in – the unit price of that commodity
266.Census of 2011- 15th Census
267.Who started the time element in price analysis- Alfred Marshall
268.The law of demand expresses the functional relationship between- price and quantity demanded
269.The law of demand expresses – the effect of changes in the price of a commodity on its demand
270.In economics, the terms utility and usefulness have- different meanings.
271.Increasing per capita income would indicate a better welfare if it is accompanied by- a changed income distribution in favor of the poor
272.In respect of agricultural commodities in India, there are commissions related to minimum support price, procurement price etc. – Agricultural Costs and Price Commission
273.Regulation rate is currently adopted in India – Unstable regulation rate
274.By whom is monetary policy made and implemented in India- Reserve Bank of India
275.Which agency has published a report titled Economic Outlook for the year 2009-10 – Prime Minister’s Economic Advisory Council
Polity 500 One Liner Questions And Answers
