(a) Planning family size by limiting the number of children
(b) Making decisions as to what is to be produced, how
when and where it is to be produced and to whom it is to
be allocated on the basis of comprehensive survey of the
economic system as a whole
(c) Planning to increase agricultural and industrial
production
(d) None of the above
(a) An increase in wages
(b) An increase in interest rates
(c) An increase in the balance of payments deficit
(d) An increase in capital investment
(a) Economic development is a process whereby an economy
real national income increases over a long period of time
(b) Economic development is measured by the rate of
population increases
(c) As a result of economic development of a country, the
share of industrial sector in the national income
increases
(d) Per capita income is a better measure of economic
development than the national income.
(a) Increase in agricultural production of a country
(b) Increase in mineral resources of the country
(c) Increase in real national income and standard of the
living of the people of country
(d) Increase in consumption expenditure of the country
(a) There is lack of Natural resources
(b) These is over-population
(c) Unfavourable climatic conditions
(d) All of the above
(a) Average income of the working class
(b) Average income of the people of a country during a year
(c) Average income of labourers only
(d) None of the above one
(a) If prices rise, real income also rises
(b) In calculating national income, retirement pension are
excluded
(c) Stock of goods not sold by the producer, is excluded from
GNP
(d) None of the above one
(a) Volume of goods and services increases
(b) Prices of goods and services increase
(c) Consumer’s real income decrease
(d) None of the above one
(a) Construction of a new house
(b) Purchasing a newly floated share of a joint stock
company
(c) Building a new factory
(d) All the above
(a) Retired person’s activities are not included in
calculating national income
(b) The goods are not exchanged through the market
mechanism
(c) It would involve double counting
(d) There is no way of imputing the value of such goods