Prelims

The substitution of steel for wooden ploughs in agricultural production is an example of

Which of the following are associated with ‘Planning’ in India?
1. The Finance Commission
2. The National Development Council
3. The Union Ministry of Rural Development
4. The Union Ministry of Urban Development
5. The Parliament
Select the correct answer using the code given below:

Economic growth in country X will necessarily have to occur if

Disguised unemployment generally means

With reference to consumer’s rights/privileges under the provision of law in India, which of the following statements is/are correct? 1. Consumers are empowered to take samples for food testing 2. When a consumer files a complaint in any consumer forum, no fee is required to be paid. 3. In case of death of a consumer, his/her legal heir can file a complaint in the consumer forum on his/her behalf.

What does the term “economic liberalization” refer to in the context of Indian economy?

The term “Gresham’s Law” is often mentioned in the context of economics. What does it state?

In the context of Indian economy, consider the following pairs:
Term Most appropriate description
1. Melt down Fall in stock prices
2. Recession Fall in growth rate
3. Slow down Fall in GDP

In the context of independent India’s economy, which one of the following was the earliest event to take place ?