Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): Fiscal deficit is measured in terms of borrowings.
Reason (R): External borrowings increase the Fiscal deficit.
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): Revenue deficit includes capital receipts and capital expenditure.
Reason (R): Revenue deficit is related to revenue expenditure and revenue receipts of the government.
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Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): Budget shows monetary policy of the government.
Reason (R): Policy adopted by the Central Bank of an economy in the direction of credit control or money supply is known as Monetary Policy.
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): Fiscal deficit is the difference between primary deficit and interest payment.
Reason (R): Fiscal deficit is the sum total of primary deficit and interest payment.
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion: This new Green Revolution is leading to foreign ownership over most of India's farmland, undermining farmers' interests.
Reason: The New Green Revolution is driven by private (and foreign) interest—notably MNCs like Monsanto.
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): the industries became more diversified during 1950-90 as compared to the situation at the time of independence.
Reason (R): Excessive government regulation prevented industrial growth during this period.
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A) : The term modernisation indicates a variety of structural and institutional changes in the framework of economic activity.
Reason (R) : An advancement of technology and institutional innovations as well as shift in sectoral composition of production and diversification of activities.
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): Economic planning rules out the free play of market force.
Reason (R): It does not rule out free play of market forces rather it is dependent on a model of economic planning.
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion: (A): Tariffs and quotas in the economic policy post-Independence were used to assist domestic industries.
Reason ( R): Our planners wanted to use foreign exchange for importing luxury goods.
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): Modernisation as a planning objective does not create contradiction in the light of employment generation.
Reason (R): Modernisation is related not only to modern technique but also relates to change in outlook.
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): In 1955, the Village and Small -Scale Industries Committee, also called the Karve Committee, noted the possibility of using small-scale industries for promoting rural development.
Reason (R): A small scale industry is defined with reference to the maximum investment allowed on the assets of a unit.
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): A good indicator of economic growth is steady increase in Gross domestic product (GDP).
Reason (R): GDP is the market value of all goods and services produced in a country during a year
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): The 1956 policy continued to constitute the basic economic policy for a long time.
Reason (R) According to this resolution the objective of the social and economic policy in India was the establishment of a socialistic pattern of society
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): One of the pillars of IPR 1956 was to check concentration of economic power in a few individuals, groups or business houses.
Reason (R): It established the public sector as the epicentre of industrialization.
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): Capitalist economies fosters self-interest and pushes economic growth.
Reason (R): Market economies make best use of available resources to economic growth.
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