Important One Liner Economics 500 Question – Gk By Mr. DJ
326.Favorable trade balance of a country means- exports are more than imports.
327.Economic development of a country depends on – natural resources, capital formation, market size
328.What is the datum, in which the records are arranged in the tree structure – hierarchical datum
329.Who has said that in the short term the consumption trend is stable- Kange
330.Keynesian consumption function shows the relationship between- Total consumption and total income
331.The decline in demand for a common commodity is accompanied by- a fall in the consumer’s income.
332.Firms that make payments to outsiders for their goods and services, are called- explicit costs.
333.The amount of monopoly power has to be measured – as a superficial advantage of
334.At the ideal level in terms of production – under full competition
335.Who is the price-holder in full competition – firm
336.The interest paid for the use of borrowed funds is called- the simple rate of interest rate.
337.Gold bullion value is related to- There is no restriction on import and export of gold.
338.Another name of the World Bank is- International Bank for Reconstruction and Development.
339.Whom does Varghese Kurien associate with – White Revolution
340.What is brown revolution – fertilizer production and non-conventional energy
341.How much upper / upper limit for investment in plant and machinery for small scale industry is currently fixed – 1 crore
342.The concept of Special Economic Zone was first introduced – in India
343.What were the Special Economic Zones established in India to increase – Foreign investment
344.India’s major commercial crops are- cotton, oilseeds, jute and sugarcane.
345.What is the income relativity of demand in relation to inferior goods – negative
346.What is the commodity regulation between two countries – bilateral trade
347.Which is used to measure the inclination of a degenerate curve – marginal rate of substitution
348.When the production of a commodity increases by one unit, what is the sum of the total cost – marginal cost
349.What is the result of scale – of long-run production
350.When the number of investments made by a firm increases, its internal rate of return – Haasman falls due to marginal productivity.
Polity 500 One Liner Questions And Answers
