. Fixed costs is known as (1) Special cost (2) Prime cost (3) Direct cost (4) None7 17236
. The imposition of an import duty causes the consumers surplus to (1) rise (2) remains unchanged (3) fall (4) all the above1 2072
. Finance Commission is set up once in every (1) 2 years (2) 3 years (3) 4 years (4) 5 years2 2833
. The Reserve Bank of India was established in the year (1) 1935 (2) 1952 (3) 1951 (4) 19492 2718
. The birth rate is higher in the Indian families of (1) Factory workers (2) High income group (3) Agricultural labourers (4) All the above1 1803
. Bonus is paid out of (1) Wages (2) Rent (3) Interest (4) Profits1 2191
. The bank rate is fixed by the (1) Central Bank (2) Government (3) Commercial Bank (4) None of the above1 1772
. Socialistic pattern comes through : (1) Free Economy (2) Public Sector (3) Mixed Economy (4) None of these1 2677
. Capital formation does not consist of : (1) Saving by the Community (2) Mobilization of savings of the country (3) Investment (4) Higher standard of living1 2010
. The planning commission was set up in 1950 by: (1) Act of Parliament (2) Presidential ordinance (3) Government (4) Constitutional Amendment1 3698
. The Ex-Officio Chairman of the Planning Commission of India is : (1) The President (2) The Planning Minister (3) The Prime Minister (4) None6 19362
. The Planning Economy in India is based on the : (1) Free Economy (2) Socialistic system (3) Capitalist system (4) Mixed economy system1 1949
. Who finally approves the draft Five Year Plans? (1) Parliament and State Legislature (2) National Development Council (3) Planning Commission (4) The President13 22692
. National Development council was founded in: (1) 1951 (2) 1950 (3) 1949 (4) 19527 18719
. India has made the greatest progress since independence in the production of : (1) Wheat (2) Rice (3) Pulses (4) Jute1 2659
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