Economics - Study Mode

[#116] Economic liberalism started in India-
Correct Answer

(D) All of the above

[#117] 'A seller market is one' where-
Correct Answer

(C) Sellers can sell what they produce

[#118] The elasticity of supply for the supply function of q = 20p is
Correct Answer

(B) unity

[#119] Statement-I: The industrial policy of the Government of India is aimed at increasing the tempo of industrial development. Statement-II: After the New Industrial Policy - 1991, the Balance of Trade for India has always been positive.
Correct Answer

(A) Statement (I) is correct, but (II) is incorrect

[#120] Government accounting is based on:
Correct Answer

(C) Single accounting system