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For the following questions answer them individually
Social ownership of means of production is a feature of
Capitalist economies
Socialist economies
Mixed economies
Barter economies
The value of percentage change in the quantity demanded divided by the percentage change in the own price is known as
Elasticity of demand
Market elasticity of demand
Price elasticity of demand
Income elasticity of demand
Which direct tax among the following gives Maximum net revenue to the Government?
Corporate Tax
Income Tax
Wealth Tax
Gift Tax
An increase in the Autonomous Government expenditure has direct impact on
aggregate supply of consumer goods
aggregate demand in the economy
total savings of the people
total investment in the capital goods industries
Which of the following is not a function of Commercial Bank?
To receive the public deposits
To provide loans to needy persons
To operate as the custodian of Foreign Exchange
To mobilise the savings of the public into productive uses
What is the mode of election of the chairpersons of the Panchayats ?
Their election is left to discretion of State Governments
They are directly elected by the electorate age 21 and above
They are indirectly elected by members of respective Panchayats
They are nominated by Gram Pradhan
Healthy public opinion contributes to the success of
authoritarian government
democratic government
autocratic government
monarchy
One-third of the members of the Rajya Sabha retire after every
one year
second year
third year
fifth year
Who administers the oath of office to the President?
Chief Justice of India
Speaker of Lok Sabha
Prime Minister
Vice-President
Which of the following States has the largest representation in the Lok Sabha?
Bihar
Maharashtra
Madhya Pradesh
Uttar Pradesh
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