Economic (M.Sc)

Q: Which of the following is correct with respect to resources :

(a) :  Money is a capital good
(b) :  Himan skills are a labour print
(c) :  Entrepreneur is part of the labour input
(d) :  Natural resources include human input
(e) :  None of the Above
Answer:  Himan skills are a labour print
Explanation:  

Q: A Special resolution is one, which is passed in a general meeting by:

(a) :  A simple majority of votes
(b) :  Two-third majority of votes
(c) :  Three-fourth majority of votes
(d) :  Three-fifth majority of votes
(e) :  None of the Above
Answer:  Three-fourth majority of votes
Explanation:  

Q: Under the 'big-push' strategy of development, large investments are to be directed towards:

(a) :  Agriculture
(b) :  Industry
(c) :  Power
(d) :  Transport
(e) :  None of the Above
Answer:  Industry
Explanation:  

Q: The best example of representative full-bodied money is found in the 'gold certificates' which circulated in the U.S.A. before being withdrawn from circulation in:

(a) :  1925
(b) :  1927
(c) :  1929
(d) :  1933
(e) :  None of the Above
Answer:  1933
Explanation:  

Q: Standard of living of workers depends upon their

(a) :  Nominal wages
(b) :  Real wages
(c) :  Average product
(d) :  Govt. policy
(e) :  None of the Above
Answer:  Real wages
Explanation:  

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