The______________ has very significant and long lasting effects on the socio-economic condition of the country.
Monetary policy
Fiscal policy
Price policy
Tariff policy
The economic policies should be framed to encourage and promote ___________.
Economic freedom
Economic development
Economic planning
Economic inequalities
Duty and _________ policy has a very important effect on revenue,especially foreign exchange.
___________ are encouraged to diversify their productive activities.
Producers
Consumers
Both 1 & 2
None of these
The households are __________ in an economy.
Consumption units
Social welfare
Inequality of income
Agricultural productivity can be improved through ___________.
Factors of production
Income opportunities
Organising business activities
Industrialization
Households purchase different _____________ for their own consumption.
Consumer goods
Producer goods
Economic policy
Economic activities are concerned with producing goods and services which satisfy ______________.
Human wants
Choice
Scarcity
Savings are the basis of _______________.
Capital formation
Economic policies
Public distribution
The government must make proper arrangements for technical training, ___________,innovating new techniques of production and improving the quality of the products.
Industrial research
Creating employment
Production of consumer goods
Market for consumer goods