ECO1
30 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is one of the key-points of Robbins' definition of economics?

  • Means are unlimited
  • Ends are limited
  • Wants are unlimited (correct)
  • Means have no alternative uses

Which economist is associated with the growth theory?

  • J.S. Mill
  • Paul Romer (correct)
  • Adam Smith
  • David Ricardo

Who among the following economists contributed remarkably to the field of Environmental Economics?

  • J.M. Keynes
  • William Nordhaus (correct)
  • Alfred Marshall
  • Paul Romer

What did Prof. Alfred Marshall define as the study of mankind in the ordinary business of life?

<p>Economics (C)</p> Signup and view all the answers

Which century is associated with the Modern School of Thought in economics?

<p>20th century (C)</p> Signup and view all the answers

According to Alfred Marshall's welfare-oriented definition, what is the study of mankind in the ordinary business of life?

<p>Economics (A)</p> Signup and view all the answers

What is the main focus of rural development in India?

<p>Empowering rural communities (B)</p> Signup and view all the answers

Which of the following is NOT a significant aspect of rural development according to the text?

<p>Urbanization (C)</p> Signup and view all the answers

What does the World Bank define as the target group for rural development?

<p>Rural poor (A)</p> Signup and view all the answers

In what way does rural development contribute to public health improvement according to the text?

<p>Providing safe drinking water (A)</p> Signup and view all the answers

What is considered a powerful instrument of socio-economic change in rural areas?

<p>Higher literacy rate (B)</p> Signup and view all the answers

Which sector does rural occupational structure in general NOT include?

<p>Tourism Sector (B)</p> Signup and view all the answers

What is the size of the 15th observation in the given data set?

<p>6 lakhs (A)</p> Signup and view all the answers

In the context of quartiles, what does Q3 represent?

<p>The 75th percentile of the data (D)</p> Signup and view all the answers

How is Q1 calculated for continuous frequency distribution?

<p>Determining the 25th percentile of the data (B)</p> Signup and view all the answers

What does 'n + 1 th Observation' stand for in quartile calculations?

<p>The total number of observations plus one (A)</p> Signup and view all the answers

What value is considered when calculating Q3 as per the provided text?

<p>`8.25 lakhs value (D)</p> Signup and view all the answers

In quartile calculations, what does the size of the 45th observation indicate?

<p>`10 lakhs value (C)</p> Signup and view all the answers

Which concept refers to the creation of capital assets through mobilization of savings?

<p>Investment (C)</p> Signup and view all the answers

What do fluctuations in business activities, including ups and downs, refer to?

<p>Trade Cycles (D)</p> Signup and view all the answers

Which part of income is set aside to satisfy future needs by foregoing current consumption?

<p>Saving (B)</p> Signup and view all the answers

What does 'national income' represent in the economic sense?

<p>Aggregate monetary value of all final goods and services produced in an economy during a year (A)</p> Signup and view all the answers

Which term relates to the volume of commodities and services produced during a given period without duplication?

<p>National income (A)</p> Signup and view all the answers

What does 'economic growth' indicate according to the text?

<p>Increase in economic growth plus real national income (D)</p> Signup and view all the answers

What is the share of industry in the Net Value Added (NVA) in Maharashtra as per the Annual Survey of Industries (ASI) 2016-17?

<p>18% (A)</p> Signup and view all the answers

Which initiative by the Government of Maharashtra provides all clearances to existing and prospective investors through a single window cell?

<p>Maharashtra Industry, Trade and Investment Facilitation Cell (MAITRI) (B)</p> Signup and view all the answers

Which sector does the Maharashtra State Industrial Cluster Development Programme (MSICDP) aim to develop?

<p>Small, medium, and micro enterprises (D)</p> Signup and view all the answers

What type of support is provided to small scale industries in Maharashtra to encourage their participation in international exhibitions?

<p>Space rent subsidies (D)</p> Signup and view all the answers

Which sector does the Service Sector typically include according to the text?

<p>Insurance, tourism, retail banking (D)</p> Signup and view all the answers

What is the purpose of the Maharashtra Industry, Trade and Investment Facilitation Cell (MAITRI)?

<p>To provide online consolidated information about the investment process (C)</p> Signup and view all the answers
Use Quizgecko on...
Browser
Browser