Subject: “Economic Growth,LPG,Planning “

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

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.

Economic growth in country X will necessarily have to occur if

Disguised unemployment generally means

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:

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

Which of the following has/have occurred in India after its liberalization of economic policies in 1991?
1. Share of agriculture in GDP increased enormously.
2. Share of India’s exports in world trade increased.
3. FDI inflows increased.
4. India’s foreign exchange reserves increased enormously.
Select the correct answer using the codes given below:

The term ‘Domestic Content Requirement’ is sometimes seen in the news with reference to

Despite being a high saving economy, capital formation may not result in significant increase in output due to

In a given year in India, official poverty lines are higher in some States than in others because