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Depreciation means

A

closure of a plant due to lock out

B

closure of a plant due to labour trouble

C

loss of equipment over time due to wear and tear

D

destruction of a plant in a fire accident

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In the second nationalization of commercial banks, ___ banks were nationalized.

A

4

B

5

C

6

D

8

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In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?

A

Chemicals other than fertilizers

B

Services sector

C

Food processing

D

Telecommunication

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Operating Surplus arises in the

A

Government Sector

B

Enterprise Sector

C

Subsistence farming

D

Production for self-consumption

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A closed economy is one which

A

is not a member of the U. N. O.

B

does not have a coastal line

C

does not trade with other countries

D

does not possess any means of international transport

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Deficit financing is an instrument of

A

Tax policy

B

Credit policy

C

Fiscal policy

D

Monetary policy

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The existence of a Parallel Economy or Black Money

A

Makes the monetary policies less effective

B

Makes the economy more competitive

C

Ensures increasing productive investment

D

Ensures a better distribution of income and wealth

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Economic rent refers to:

A

Payment made for the use of capital

B

Payment made for the use of labour

C

Payment made for the use of land

D

Payment made for the use of Organization

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