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Let the production function of a firm be `Q=5L^(1/2)K^(1/2)`.
Find out the maximum possible output that the firm can produce with 100 units of L and 100 units of K.
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Let the production function of a firm be Q = 2L2 K2.
Find out the maximum possible output that the firm can produce with 5 units of L and 2 units of K. What is the maximum possible output that the firm can produce with zero unit of L and 10 units of K?
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Find out the maximum possible output for a firm with zero unit of L and 10 units of K when its production function is Q = 5L = 2K.
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Name some modern industries which were in operation in our country at the time of independence.
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What was the two-fold motive behind the systematic deindustrialisation effected by the British in pre-independent India?
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The traditional handicrafts industries were ruined under the British rule. Do you agree with this view? Give reasons in support of your answer.
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Indicate the volume and direction of trade at the time of independence.
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Match the following:
| 1. | Prime Minister | A. | Seeds that give large proportion of output |
| 2. | Gross Domestic Product | B. | Quantity of goods that can be imported |
| 3. | Quota | C. | Chairperson of the planning commission |
| 4. | Land Reforms | D. | The money value of all the final goods and services produced within the economy in one year |
| 5. | HYV Seeds | E. | Improvements in the field of agriculture to increase its productivity |
| 6. | Subsidy | F. | The monetary assistance given by government for production activities. |
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What factors contribute to human capital formation?
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Indian economy on the eve of Independence was ______.
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What is another name for the service sector?
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What was the nature of the Indian economy on the eve of independence?
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On the basis of the workforce engaged in various sectors in pre-independent India, the following are ranked from the highest to the lowest? (Choose correct alternative)
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It is a conscious design to shape the socio-economic processes in order to achieve an objective?
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In which of the following type of economy are resources owned privately and the main objective behind economic activities is profit-making?
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When was the National Development Council (NDC) set up as an adjunct to the Planning Commission?
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When was NITI Aayog established?
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Who is the ex-officio chairman of the planning commission?
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When was Planning commission established?
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Which of the following is not an example of physical capital?
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