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Sustainable Economic Growth


13. 

Economics is what it ought to be. This statement refers to

Answer : A. Normative Economics

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14. 

Which of the following most closely approximates our definition of oligopoly?

Answer : B. The gasoline stations

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15. 

Who said ‘Supply creates its own demand’?

Answer : C. J. B. Say

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16. 

One of the essential conditions of perfect competition is

Answer : B. Multiplicity of prices for identical products at any one time

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17. 

What is the mainstay of Indian economy ?

Answer : B. Agriculture

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18. 

Gilt-edged market means

Answer : A. market of government securities

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