30 Questions
What is one of the key-points of Robbins' definition of economics?
Wants are unlimited
Which economist is associated with the growth theory?
Paul Romer
Who among the following economists contributed remarkably to the field of Environmental Economics?
William Nordhaus
What did Prof. Alfred Marshall define as the study of mankind in the ordinary business of life?
Economics
Which century is associated with the Modern School of Thought in economics?
20th century
According to Alfred Marshall's welfare-oriented definition, what is the study of mankind in the ordinary business of life?
Economics
What is the main focus of rural development in India?
Empowering rural communities
Which of the following is NOT a significant aspect of rural development according to the text?
Urbanization
What does the World Bank define as the target group for rural development?
Rural poor
In what way does rural development contribute to public health improvement according to the text?
Providing safe drinking water
What is considered a powerful instrument of socio-economic change in rural areas?
Higher literacy rate
Which sector does rural occupational structure in general NOT include?
Tourism Sector
What is the size of the 15th observation in the given data set?
6 lakhs
In the context of quartiles, what does Q3 represent?
The 75th percentile of the data
How is Q1 calculated for continuous frequency distribution?
Determining the 25th percentile of the data
What does 'n + 1 th Observation' stand for in quartile calculations?
The total number of observations plus one
What value is considered when calculating Q3 as per the provided text?
`8.25 lakhs value
In quartile calculations, what does the size of the 45th observation indicate?
`10 lakhs value
Which concept refers to the creation of capital assets through mobilization of savings?
Investment
What do fluctuations in business activities, including ups and downs, refer to?
Trade Cycles
Which part of income is set aside to satisfy future needs by foregoing current consumption?
Saving
What does 'national income' represent in the economic sense?
Aggregate monetary value of all final goods and services produced in an economy during a year
Which term relates to the volume of commodities and services produced during a given period without duplication?
National income
What does 'economic growth' indicate according to the text?
Increase in economic growth plus real national income
What is the share of industry in the Net Value Added (NVA) in Maharashtra as per the Annual Survey of Industries (ASI) 2016-17?
18%
Which initiative by the Government of Maharashtra provides all clearances to existing and prospective investors through a single window cell?
Maharashtra Industry, Trade and Investment Facilitation Cell (MAITRI)
Which sector does the Maharashtra State Industrial Cluster Development Programme (MSICDP) aim to develop?
Small, medium, and micro enterprises
What type of support is provided to small scale industries in Maharashtra to encourage their participation in international exhibitions?
Space rent subsidies
Which sector does the Service Sector typically include according to the text?
Insurance, tourism, retail banking
What is the purpose of the Maharashtra Industry, Trade and Investment Facilitation Cell (MAITRI)?
To provide online consolidated information about the investment process
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