Practice Test 22
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If GNP is 15% higher than last year’s and the rate of inflation is 7%, production in the economy has grown by ——————.

The sale of branded articles is common in a situation of ——————.

Production may be defined as an act of ——————.

The branch of economic theory that deals with the problem of allocation of resources is ——————

A strategy of heavy industry is sometimes preferred for a developing economy because it can :

In order to encourage investment in the country, the RBI may:

Which institution is known as the “soft loan window” of World Bank?

An underdeveloped economy is generally characterized by a:

In which state is the sex ratio most favourable to women?

All but one of the following statements are incorrect. Find the correct statement.

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GENERAL ECONOMICS
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