People work to improve the economy of the country. This is called
National Income
Per Capita Income
Net Income
Gross Income
Which of the following are the main causes of slow rate of growth of per capita income in India?
I. High capital – output ratio 2. High rate of growth of population 3. High rate of capital formation 4. High level of fiscal deficits
1 and 2
2,3,4
1 and 4
1 and 3
In a country what an individual earns is termed as
Per Income
Individual Income
______ protect us from diseases.
Education
Medical facilities
Food
Agriculture
The main source of India’s national income is
Industry
Forestry
Service sector
To prepare budget for the country it is necessary to have knowledge of
Business
Population of the country
Economics
Commerce
When demand increases there is an increase of production, consumption, distribution. This is termed as
Economic development
Demand Increment
Growth in demand
Economic Growth
The fundamental economic problem faced by all societies is:
Unemployment
Inequality
Poverty
Scarcity
To fulfill his needs man started to ________ garments footwear etc.
Buy
Sell
Manufacture
All the above
The buying and selling of commodities is termed as
Buying
Trade
Selling
Retailing