Classical

Advanced Questions - Section 8

31:  

Which of the following statements is correct"?

A.

Under zamindari system, farmers directly paid land revenue to the state.

B.

At present, income tax revenues from the agriculture sector are negligible.

C.

Commercial banks are providing loans to the agriculture sector at zero interest rate.

D.

None of the above.

 
 

Option: B

Explanation :

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32:  

An indifference curve slopes down towards right since more of one commodity and less of another result in

A.

Same satisfaction

B.

Greater satisfaction

C.

Maximum satisfaction

D.

Decreasing expenditure

 
 

Option: A

Explanation :

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33:  

If a country has deficit in balance of current account, balance of capital account will be

A.

Zero

B.

Surplus

C.

Deficit

D.

None of the above

 
 

Option: B

Explanation :

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34:  

Statements:

(i) Maslows theory conveys hygiene factors

(ii) Maslows theory conveys satisfied need is no more a motivator

A.

(i) is correct (ii) is incorrect

B.

(ii) is correct (i) is incorrect

C.

Both are correct

D.

Both are incorrect

 
 

Option: B

Explanation :

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35:  

The trade theory of comparative advantage was developed by

A.

Haberler

B.

Adam Smith

C.

Alfred Marshall

D.

David Ricardo

 
 

Option: D

Explanation :

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