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Economics Questions & Answers (Compiled from UPSC, SSC ,PSC ,IBPS previous question papers)

  • The Gandhian model of economic development states that

  • ATo give importance on textile industries
  • BThe greatest emphasis on the scientific development of agriculture and growth of cottage and village industries
  • CTo give more importance to public sector enterprises
  • DTo give more importance an agro based industries
  • The new Industrial policy indicates

  • AThe Government's intention to invite a greater degree of participation by the private sector in important areas of the economy
  • BThe Government's intention to invite a lesser degree of participation by the private sector in important areas of the economy
  • CThe Government's intention to invite a smaller degree of participation by the private sector in important areas of the economy
  • DThe Government's intention to invite no private participation in important areas of the economy
  • Foreign direct Investment results in

  • AIncrease the income level and increase capital accumulation
  • BDecrease the income level and decrease capital accumulation
  • CIncrease the expenditure level and decrease employment
  • DDecrease the savings level and increase production
  • In India 'Primary deficit' is

  • ABudgetary deficit + market borrowing + other liabilities
  • BDeducting interest payments from fiscal deficit
  • COverall budgetary deficit
  • DExcess of expenditure over income