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When were the railways Introduced in India?
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Assertion (A): Public goods are those goods and services that are collectively consumed by the public.
Reason (R): Public goods are excludable and rivalrous in nature.
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An example of factor payments is:
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According to classical economists, the real wage rate is ______ to the Marginal Productivity of Labour.
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Calculation of National Income at Market Prices is known as ____________.
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Which one is a component of profit?
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Which of the following statements is not correct with regards to infrastructure?
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Which of the following facilities is included in social infrastructure?
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The unemployment rate for ____________ are found to be higher than for ____________.
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Labour force refers to:
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Which of the following is false regarding the labour force?
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When a labour does not get employment opportunity despite his willingness to work at the existing wage rate.
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Unemployment is the result of:
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Most of the disguised unemployed persons in India are found in:
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Unemployed people is calculated as:
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Distinguish between positive externalities and negative externalities.
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Giving valid reasons explain which of the following will not be included in estimation of National Income of India?
- Purchase of shares of X. Ltd. by an investor in the National Stock Exchange.
- Salaries paid by the French Embassy, New Delhi to the local workers of the housekeeping department.
- Compensation paid by the Government of India to the victims of floods.
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Study the following information and compare the Economies of India and Singapore on the grounds of ‘Investment in infrastructure as a percentage of GDP’
| Some Infrastructure in India and other Countries, 2018 | |||||
| Country | Investment* in Infrastructure as a % GDP | Percentage of people using safely managed | Mobile Subscribers/100 People | Consumption of energy (mL tonnes of oil equivalent) | |
| Drinking Water Sources | Sanitation Services | ||||
| China | 44 | 96 | 72 | 115 | 3274 |
| Hong Kong | 22 | 100 | 92 | 259 | 31 |
| India | 30 | 94 | 40 | 87 | 809 |
| South Korea | 31 | 98 | 100 | 130 | 301 |
| Pakistan | 16 | 35 | 64 | 73 | 85 |
| Singapore | 28 | 100 | 100 | 146 | 88 |
| Indonesia | 34 | 87 | 61 | 120 | 186 |
Sources: World Development Indicators 2019, World Bank website: www.worldbank.org.; BP Statistical Review of World Energy 2019. 69th Edition.
Note: (*) refers to Gross Capital Formation.
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Assertion (A): Unemployment and poverty are inseparable twins.
Reason(R): Unemployment is the root cause of all socio-economic evils
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Defend or refute the following statement with a valid explanation:
‘Disguised unemployment is a common form of unemployment in rural India’
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