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Sustainable Economic Growth

7. 

The TEAM-9 initiative is a techno economic cooperation venture between India and eight countries of

A. North Africa B. Central Africa C. East Africa D. West Africa

Answer : D. West Africa

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8. 

Which one among the following is not true for Special Economic Zones?

A. Manufacturing and service activities are allowed B. No licence is required for import C. No routine examination of cargo for export/import by customs authorities D. No permission for subcontracting

Answer : D. No permission for subcontracting

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9. 

Economic development depends on

A. Size of the market B. Natural resources C. Capital formation D. All of the above

Answer : D. All of the above

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10. 

The term stagflation refers to a situation where

A. Rate of growth and prices both are decreasing B. Rate of growth is faster than the rate of price increase C. Rate of growth is slower than the rate of price increase D. The term stagflation refers to a situation where

Answer : C. Rate of growth is slower than the rate of price increase

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11. 

In Economics the terms ‘Utility’ and ‘Usefulness’ have

A. Same meaning B. Different meaning C. Opposite meaning D. None

Answer : B. Different meaning

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12. 

The terms "Micro Economics" and "Macro Economics" were coined by

A. Alfred Marshall B. J.M. Keynes C. Ragner Frisch D. Ragner Nurkse

Answer : C. Ragner Frisch

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