An economy is described as spend-rift if it
Does not concern itself with savings and investment
Has a great ability to generate foreign exchange from investment
Has greater opportunity to receive large income from investment
Invests in income generating industries
Has trade connection with other countries
Correct answer is A
No explanation has been provided for this answer.
Which of the following is a characteristic of private enterprises?
Business risks are borne by the buyers
Capital is provided by the public
Control and management of the business is in the hands of customer
The business is owned and run by government
The main aim of setting up the business is to maximize profit
Correct answer is E
No explanation has been provided for this answer.
Which of the following is NOT a sources of national income statistics?
Foreign trade figure
Pay-rolls of various establishment
Income tax return
Economic surveys
Level of infrastructural development
Correct answer is E
No explanation has been provided for this answer.
14 days
30 days
60 days
90 days
100 days
Correct answer is D
No explanation has been provided for this answer.
A shift of the demand curve leftward from its original position indicate
An increase in quantity demanded
A decrease in quantity demanded
An expansion of demand
A fall in demand
Price effect on demand
Correct answer is D
The curve shifts to the left if the determinant causes demand to drop or decrease.