Tag: economics

Questions Related to economics

The statement of estimated income and expenditure of the Government for a year is ______.

economics public expenditure public expenditure public finance and budget public finance, taxes and budget

  1. public finance

  2. public expenditure

  3. planned expenditure

  4. budget

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Correct Option: D
Explanation:

A budget is an estimation of the revenue and expenses over a specified future period of time and is compiled and re-evaluated on a periodic basis. A surplus budget means profits are anticipated, while a balanced budget means that revenues are expected to equal expenses. A deficit budget means expenses will exceed revenues.

Which of these is a productive public expenditure?

economics public expenditure public expenditure public finance and budget public finance, taxes and budget

  1. Expenditure on law and order

  2. Expenditure on defense

  3. Expenditure on infrastructure development

  4. Expenditure on education

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Correct Option: C

Which of these is a transfer payment?

economics public expenditure public expenditure public finance and budget public finance, taxes and budget

  1. Pension

  2. Scholarship

  3. Unemployment allowance

  4. All of the above

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Correct Option: D

Among these statements which one clearly explains the meaning of "Subsidies"?

economics public expenditure public expenditure public finance and budget public finance, taxes and budget

  1. Payment by Government for purchase of goods and services.

  2. Payment by business enterprises to factors of production.

  3. Payment by companies to shareholders.

  4. Payment by Government to business enterprise without buying any goods and services.

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Correct Option: D

Which of the following is not a productive public expenditure?

economics public expenditure public expenditure public finance and budget public finance, taxes and budget

  1. Expenditure on defence

  2. Expenditure on infrastructure development

  3. Expenditure on setting up basic industries

  4. Expenditure to increase the welfare of the population

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Correct Option: A

BOD measures the _____.

perfect competition and monopoly market structure and pricing economics

  1. Amount of bacteria in a given sample of water

  2. Amount of algae being decomposed in a given sample

  3. Amount of oxygen bacteria need to decompose organic matter in a given sample

  4. Amount of oxygen bacteria need to decompose organic matter in a given sample in a fixed period of time

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Correct Option: D
Explanation:

Biochemical oxygen demand (BOD) is a measure of how much organic pollution is in water. The BOD test measures the amount of dissolved oxygen in water that is used up due to the breakdown of organic pollutants, such as sewage, in a certain number of days.

Untreated sewage may cause _____.

perfect competition and monopoly market structure and pricing economics

  1. Outbreak of epidemic

  2. Cholera outbreaks

  3. Typhoid outbreaks

  4. All of these

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Correct Option: D
Explanation:

Untreated sewage is an excellent source of bacterial growth. Such untreated sewage can result in spread of many bacterial diseases like outbreak of epidemics, cholera, typhoid etc.

Dumping has major disadvantages, however, especially in heavily polluted areas.

perfect competition and monopoly market structure and pricing economics

  1. True

  2. False

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Correct Option: A

Newspapers, used bottles, magazines, carry bags, aluminum foils, plastics, metal, glass, old exercise books, oilcans, etc., are called _________. 

perfect competition and monopoly market structure and pricing economics

  1. Wet waste

  2. Dry waste

  3. Waste disposal

  4. None of these

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Correct Option: B

Dumping is also known as landfilling.

perfect competition and monopoly market structure and pricing economics

  1. True

  2. False

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Correct Option: A