36. One of the main tasks post-independence was to decide on the type of economic system most suitable for India. Consider the following statements in this regard.

1. India moved ahead with the mixed economy

2. With mixed economy India sought an alternative to capitalism and socialism.

Select the correct ones.





Answer & Solution

Answer:

None of the above

37. When a country or a company exports a product at a price that is lower in the foreign importing market than the price in the exporter's domestic market, then to counter this process, governments generally impose.





Answer & Solution

Answer:

Anti-Dumping Duty

38. The situation when a person whose marginal productivity is zero or when more people are engaged in a job than actually required is called :





Answer & Solution

Answer:

Disguised unemployment

39. If too much money is chasing too few goods, the resulting inflation is known as _________.





Answer & Solution

Answer:

Demand-pull inflation

40. Which of the following describes the nature of 'Remal' (that affected areas of West Bengal) recently heard in news?





Answer & Solution

Answer:

Cyclone