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UPSC EPFO: Indian Economy Quiz 2

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Question 1

With reference to “The Law of Demand”, Consider the following statements

1) The Law of Demand explains the relationship between the price and the quantity demanded.

2) There is an inverse relationship between the price and the quantity demanded.

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Question 2

When did the Government of India establish the independent Ministry for 'Women and Child Development’?

Question 3

Assertion (A): Microeconomic policies are pursued by the State itself.

Reason (R): Microeconomic policies have basically no role in infrastructure creation.

Question 4

Assertion (A): Statutory Liquidity Rate is an instrument of the fiscal policy.

Reason (R):It is used to control money supply.

Question 5

With reference to “Privatisation”, Consider the following statements

1) It means a transfer public sector enterprises to the private sector.

2) The ownership remains with government only.

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Jan 16Other State PSC