Business And Economy

A factory can increase its output by using a new type of machine. Adoption of this new technology is called_____

Arrange the following in their establishment from early to recent :
(A) Introduction of GST
(B) World Trade Organisation was founded
(C) Establishment of Planning Commission
(D) First Phase of Green Revolution
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Identify the sequence of various approaches adopted by the Indian Government towards the development of the economy :
(A) Commencement of economic planning
(B) Giving greater role to public sector in nation building process
(C) Establishment of NABARD
(D) Change in outlook from ‘Inward’ to ‘Outward’
(E) Adoption of LPG Policy
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Arrange the following statements related to Fiscal and Monetary Policy in a logical order.
(A) Reduction in the flow of money - open market - increasing the tax
(B) Aggregate Demand increases
(C) Supply could not Match Demand
(D) Income Increases
(E) Inflation - Price Rise
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China's Economic Development-Polices implemented - Arrange in order
(A) Great leap forward
(B) Nationalization of Enterprises and Land
(C) Great Proletarian Cultural Revolution
(D) Five year plan
(E) Special Economic Zone
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The problem of choice arises from:

Choose the correct facts related to development experience of India, Pakistan and China.
(A) Reforms in China were introduced in 1978.
(B) India adopted the mixed economy model for development
(C) In 1965, the Great leap forward campaign was initiated
(D) China has announced its first five year plan in 1956
(E) Reforms were initiated in Pakistan in 1978
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Which of the following definition is correct answer of the production possibility set of the economy?

Match List - I with List- II.

List - I	List - II
(A) Autonomous transaction	(I) Current Account
(B) Appreciation	(II) Import of petroleum
(C) Managed floating	(III) Price of domestic currency increases
(D) Purchase of machinery	(IV) Central Bank intervenes

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Both India and Pakistan, have many similarities in the context of various economic policies. Identify the similarities.
(A) Both the economies have adopted mixed economy
(B) Both the countries have adopted reforms near to 1990s
(C) Both countries got independence from France
(D) Both countries uses collective ownership of Land
(E) Both countries have NITI Ayog
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Which of the following is not true about currency notes and wins in circulation in an economy ?

Which of the following does not constitute the central problems of an economy ?

What is the other name of the central problem of economy-For whom to produc

What is the other name of the central problem of economy-For whom to produce?