Economy

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Which one of the following statements is an appropriate description of deflation?

It is a sudden fall in the value of a currency against other currencies.
no
It is a persistent recession in both the financial and real sectors of economy.
no
It is a persistent fall in the general price level of goods and services.
yes
It is a fall in the rate of inflation over a period of time.
no
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Other than Venezuela, which one among the following from South America is a member of OPEC?
Argentina
no
Brazil
no
Ecuador
yes
Bolivia
no
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To obtain full benefits of demographic dividend, what should India do?
Promoting skill development
yes
Introducing more social security schemes
no
Reducing infant mortality rate
no
Privatization of higher education
no
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In India, deficit financing is used for raising resources for........

Economic development
yes
Redemption of public debt
no
Adjusting the balance of payments
no
Reducing the foreign debt
no
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Economic growth in country X will necessarily have to occur if.........
There is technical progress in the world economy
no
There is population growth in X
no
There is capital formation in X
yes
The volume of trade grows in the world economy
no
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Disguised unemployment generally means..........
Large number of people remain unemployed
no
Alternative employment is not available
no
Marginal productivity of labour is zero
yes
Productivity of workers is low
no
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The national income of a country for a given period is equal to the.....
Total value of goods and services produced by the nationals
yes
Sum of total consumption and investment expenditure
no
Sum of personal income of all individuals
no
Money value of final goods and services produced
no
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A rise in general level of prices may be caused by

1. An increase in the money supply
2. A decrease in the aggregate level of output
3. An increase in the effective demand

Select the correct answer using the codes given below.

1 only
no
1 and 2 only
no
2 and 3 only
no
1, 2 and 3
yes
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Which of the following is the chief characteristic of 'mixed farming'?
Cultivation of both cash crops and food crops
no
Cultivation of two or more crops in the same field
no
Rearing of animals and cultivation of crops together
yes
None of the above
no
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Which of the following can be said to be essentially the parts of Inclusive Governance?

1. Permitting the Non-Banking Financial Companies to do banking 
2. Establishing effective District Planning Committees in all the districts 
3. Increasing the government spending on public health 
4. Strengthening the Mid-day Meal Scheme 

Choose the correct answer: 
1 and 2 only
no
3 and 4 only
no
2, 3 and 4 only
yes
1, 2, 3 & 4
no
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