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Learn AIR FORCE MCQs with answers [Page 19 of Department 8]

R

Ruchi Sharma • 9.84K Points
Tutor III

181) If both demand for a commodity and the supply of the commodity increase, equilibrium price will :

(A) Decrease
(B) Remain the same
(C) Increase
(D) Any of the above
Correct Answer - Option (B)

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R

Ruchi Sharma • 9.84K Points
Tutor III

182) Other things being equal, a decrease in quantity demanded of a commodity can be caused by

(A) A rise in the price of the commodity
(B) A rise in the income of the consumer
(C) A fall in the price of a commodity
(D) A fall in the income of the consumer
Correct Answer - Option (A)

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S

Sikhar Chaudhary • 4.52K Points
Extraordinary

184) Which Governor General was called ‘The Father of Local Self-Government’ In India ?

(A) Lord Wellesley
(B) Lord Canning
(C) Lord Wolliam Bentinck
(D) Lord Ripon
Correct Answer - Option (D)

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S

Sikhar Chaudhary • 4.52K Points
Extraordinary

187) NREGP is the abbreviated form of

(A) National Rural Employment Guarantee Programme
(B) National Rural Educational Guarantee Programme
(C) National Rapid Education Guarantee Programme
(D) National Rapid Employment Generation Programme
Correct Answer - Option (A)

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S

Sikhar Chaudhary • 4.52K Points
Extraordinary

188) Mixed Economy means

(A) Where agriculture and industry are given equal importance
(B) Where public sector exists along with the private sector in national economy
(C) Where globalization is transferred with heavy dose of swadeshi in National Economy
(D) Where the centre and the states are equal partners in economic planning and development
Correct Answer - Option (B)

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