The traditional economy is characterised by:

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Question:
 The traditional economy is characterised by:

1. Division of labour and specialisation

2.Organisation of production for self-consumption

3.Capital-intensive process of production

4.Increasing state intervention

Posted Date:-2021-08-24 04:42:47

More MCQS Questions and answers

  1. Demand for final consumption arises in:
  2. Identify the sector in respect of which the expenditure method is used for estimating national income in India:
  3. In which of the following sectors does production for self-consumption generally take place?
  4. National income estimates of India are published both at current and constant prices. What is the base year for constant price estimates published at present?
  5. Personal disposable income is:
  6. Sale of old newspapers by a household is a part of:
  7. Transfer payments refer to payments which are made:
  8. Value of output differs from the value added by the amount of:
  9. Which of the following constitutes an investment by a household?
  10. Which of the following is a departmental enterprise of the Government of India?
  11. Which of the following is an expenditure on intermediate consumption?
  12. For which of the following sectors is the income method used for estimation of national income of Pakistan?
  13. Identify economic stock from among the following:
  14. If during a year the national income at constant prices goes up by 5% while prices also rise by 5% and population registers a growth of 2% then the real per capita income will:
  15. Imputed rental value of owner occupied dwellings is a part of:
  16. In consumption of capital is equal to gross fixed investment then:
  17. Net value added is equal to:
  18. Purchase of a ceiling fan by a household is treted in national income accounting as a part of:
  19. Subsistence production refers to:
  20. The traditional economy is characterised by:
  21. Which of the following is a characteristic feature of a modern economy?
  22. Which of the following is not a corporate enterprise?
  23. Who among the following is a non-resident of India?
  24. A closed economy is one which:
  25. Addition to the stocks of food grains by the Food Corporation of India is a part of:
  26. Collective wants include:
  27. Corporate enterprises refer to:
  28. Demand for intermediate consumption arises in:
  29. dentify the item which is not a factor payment:
  30. Departmental enterprises are a part of the:
  31. Direct purchases abroad made by the government on current account are a part of:
  32. Expenditure on the purchase of new replacement parts of machinery installed by a firm is part of:
  33. Gross domestic fixed-capital formation does not include:
  34. Mixed income of the self-employed means:
  35. Operating surplus arises in:
  36. Operating surplus differs from net value added by the amount of:
  37. Operating surplus implies:
  38. Purchases made by the US Embassy in India are part of:
  39. The gross fixed investment in an economy during a year is Rs. 200 Crore. The economy possessed Rs 1200 Crore worth of fixed capital at the beginning of the year and the rate of depreciation is 10% per annum. What is the net value of fixed capital stock held at the end of the year?
  40. The national income accojnts direct personal taxes are recorded as:
  41. Which of the following activities of a farmer is an example of intermediate consumption?
  42. Which of the following are durable use producer-goods?
  43. Which of the following constitutes a part of domestic fixed capital formation?
  44. Which of the following is an economic flow?
  45. Which of the following is an example of factor-income from abroad?
  46. Which of the following is closest to the concept of economic production?
  47. Which of the following is included in the consumption of fixed capital?
  48. Which of the following is not a part of net investment in an economy?
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