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50+ Introductory Economics 2 Solved MCQs

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Arts in History (BA History) .

51.

Agricultural Credit is given by.

A. co-operatives
B. rrbs
C. nabard
D. all of the above
Answer» D. all of the above
52.

India’s Green revolution was most successful in …………Production:

A. wheat
B. rice
C. maize
D. cotton
Answer» A. wheat
53.

Regional Rural Bank were started in ………………..

A. 1969
B. 1972
C. 1975
D. 1991
Answer» C. 1975
54.

The worst form of land tenurs system was…………………….

A. zamindary
B. riotwary
C. mahalwari
D. malguzari
Answer» A. zamindary
55.

When the first industrial policy was introduced ?

A. 1951.
B. 1991.
C. 1948.
D. 1956
Answer» C. 1948.
56.

Import quota is :

A. tariff
B. non-tariff trade barrier
C. concession
D. international obligation
Answer» B. non-tariff trade barrier
57.

Balance of payments must always balance because:

A. trade deficit is cancelled by invisible credits
B. import always equals exports
C. of an accounting connection
D. what a country gets, it must either pay or save
Answer» C. of an accounting connection
58.

Trade Policy measures for correction of balance of payments disequilibrium include of export promotion:

A. export promotion
B. import control
C. both a & b
D. import substitution
Answer» C. both a & b
59.

In calculating India’s balance of payments position, we must:

A. omit invisible items
B. omit exports and imports of gold
C. include expenditure by foreign tourists as imports
D. include long term loans abroad as debit
Answer» B. omit exports and imports of gold

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