Tag: objectives of economic planning in india
Questions Related to objectives of economic planning in india
Evading taxation is a corruption.
-
True
-
False
Evading taxation, that is, avoiding to give tax to the government is a corruption. For example, we can find the bribery results in a reduction in sales reported for taxes.
Which of the following is not considered production in Economics?
-
Tilling of soil by farmers
-
Singing a song before friends
-
Construction of Canal by laborers
-
Painting a picture for sale
Production is a process of merging various material inputs and irrelevant inputs in order to make something for consumption. It is the action of creating output, a good or service which has the value and contribution to the beneficial of the individuals. Tiling of soil by friends, construction of canal by laborers, Painting a picture for sale are considered in the production of economics.
A person who is not gainfully employed is called an unemployed person.
-
True
-
False
A person who is not gainfully employed, that is, a person who is not paid in monetary terms or in kind in return of his work, is known as an unemployed person since he cannot contribute in the GDP of a country.
The corruption creates ____________.
-
Political inequality
-
Social inequality
-
Economic inequality
-
Religious inequality
Economic inequality is the unequal distribution of income and opportunity between different groups in society. Corruption plays a very important role in creating economic inequality. Education, at all levels, enhancing skills, and training policies can be used alongside social assistance programs to help people out of poverty and to reduce inequality.
Poverty leaves a positive effect on the life and health of man.
-
True
-
False
Poverty brings a harmful effect on the standard of living of the citizen's of a country. People become unhealthy and malnourished due to lack of proper nutrition. Hence, the above mentioned statement is false. Poverty leaves a negative effect on the life and health of man.
Economic resources are ____________.
-
Unlimited
-
Limited in supply and use
-
Limited in supply but have alternative uses
-
Unproductive
Resources which are used for economic activities are called as economic resources. Human life depends on the consumption of various materials which are made up of the resources available on earth. examples : soils, minerals, water ,etc. These resources are finite in number.
India has been witnessing high rate of inflation because __________.
-
public expenditure and money supply both are continuously increasing.
-
the agricultural and industrial sectors have not performed adequately.
-
both agricultural and administered prices have been hiked.
-
all of the above.
The central problems of an economy is ___________.
-
what to produce
-
how to produce
-
for whom to produce
-
all the above
The central problems of an economy deals with the allocation of its scarce uses, having alternative uses, for production of goods. The central problems are outlined as:
-
What to produce?
Consumer goods or capital goods?
-
How to produce? Using
labour or capital intensive techniques?
-
For whom to produce?
Rich people or poor people
Parallel economy refers to ___________________.
-
traditional economy
-
black money economy
-
agricultural-based economy
-
socialist economy
What is environmental crisis?
-
When there is too much pollution
-
When there is excessive deforestation
-
When the environment is unable to perform the vital life sustenance function
-
None of these