Liberalisation, Privatisation And Globalisation — Economics STD 12 Commerce — Question

Which of the following country can be called least developed keeping all factors in mind?

1. India
2. China
3. Pakistan
4. Both (a) and (b).

Which infrastructure helps the economic system from outside?

1. Social.
2. Economic.
3. Both (a) and (b).
4. None of these.

Out of the following, what is the assumption of absolute poverty?

1. Poor people are highly vulnerable.
2. There is fixed minimum level of consumption.
3. Unequal distribution of income.
4. All of the above.

The unemployment which is caused by the introduction of new machinery, improvement of production techniques, labour saving devices, etc is called:

1. Frictional unemployment.
2. Casual unemployment.
3. Structural unemployment.
4. Technological unemployment.

Consumption of a product is:

When was TISCO incorporated in India?

1. 1907
2. 1850
3. 1853
4. 1921

In 1958, there were _____ communes in China covering the entire farm population.

What is meant by Per Capita Income?

1. It refers to total value of investment made in a year.
2. It is sum total of all final goods and services produced in an economy in a financial year.
3. It is national income divided by population.
4. It is foreign investment made in a year.

During the period 1951-2016, __________ led to an increase in the milk production in India by about ten times.

_______ is the process of adding to the stock of human capital over time.

1. Physical capital.
2. Human capital.
3. Human capital formation.
4. None of the above.