One of the techniques for rectifying a deficit balance of payment is
Import promotion
Devaluation
Physical intervention
Borrowing from abroad
Correct answer is B
No explanation has been provided for this answer.
If national income rises by 6% and population rises by 3%, per capita income will
Rise by 6 percent
Fall by 3 percent
Fall by 6 percent
Rise by 3 percent
Correct answer is D
No explanation has been provided for this answer.
A glut in the world market for crude oil means
A fall in crude oil production
An excess supply of crude petroleum
A higher crude oil price offered by the buyer
A higher crude oil price demanded by the seller
Correct answer is B
No explanation has been provided for this answer.
A sustained increase in the production of goods and service in a country is called economic
Development
Growth
Diversification
Planning
Correct answer is B
No explanation has been provided for this answer.
One of the dangers of the localization of industries is
Residual employment
Mass unemployment
Structural unemployment
Cyclical unemployment
Correct answer is C
No explanation has been provided for this answer.