MCQ
Choose the correct statement
- AIndian economy is the seventh-largest in the world
- BIndian economy is a mixed economy
- CIndia ranks third in terms of purchasing power parity
- ✓The human capital of India is old
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| a) | Mono poly | 1) | Few seller |
| b) | Duopoly | 2) | Single buyer |
| c) | Oligopoly | 3) | Single seller |
| d) | Monopsony | 4) | Two seller |
| 1) | Explicit cost | 1) | Book cost |
| 2) | Implicit cost | ii) | External cost |
| 3) | Social cost | iii) | Transfer cost |
| 4) | Opportunity cost | iv) | Money cost |
| a) | Dr. Raj Krishna | Low rate of economic growth | |
| b) | Narasimman committee | Reduction in interest rate | |
| c) | Chelliah committee | Special economic zone | |
| d) | Crop insurance | Chief minister | |
| a) | New trade policy | 1) | 2017 |
| b) | GST | 2) | 1991 |
| c) | Kisan card | 3) | 2020-2015 |
| d) | EXIM policy | 4) | 1998 |