Question : Which of the following shows modernisation to increase the production of goods and services?
Option 1: Adoption of old technique with large scale
Option 2: Adoption of same technique in different way
Option 3: Following western culture
Option 4: Adoption of new technology
Correct Answer: Adoption of new technology
Solution : The correct answer is Adoption of new technology.
By adopting the new technology, it increases the production of goods and services. By introducing the new technology, we can increase production, productivity and eventually income. The new technology is modernisation, which can increase production and services.
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Question : A large number of identical plants can be obtained in a short period through
Option 1: large number of seeds of a single plant
Option 2: stem cuttings
Option 3: tissue culture technique
Option 4: hydroponics method
Question : The liability to pay the tax and the actual burden of which of the following taxes lie on two different persons?
Option 1: Corporation tax
Option 2: Income tax
Option 3: Capital gains tax
Option 4: Goods and services tax
Question : The opportunity cost of production of a commodity is
Option 1: The cost that the firm could have incurred when a different technique was adopted
Option 2: The cost that the firm could have incurred under a different method of production
Option 3: The actual cost incurred
Option 4: The best alternative output
Question : Which of the following subjects is covered in the Eleventh Schedule of the Constitution of India?
Option 1: Major forest produce
Option 2: Health and sanitation
Option 3: Large scale industries
Option 4: Police and public order
Question : What is an indicator of self-reliance?
Option 1: Increase in imports of the goods which could be produced in the country
Option 2: Avoiding imports of the goods which could be produced in the country
Option 3: Increase in exports of the goods which could not be produced in the country
Option 4: Avoiding exports of the goods which could be produced in the country
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