1. Due to decrease in oil process and demand for gold, the trade deficit in December 2014 narrowed down to

1. 1. 7.25 billion US dollars

   
   
   

   2. 11.20 billion US dollars

   
   
   

   3. 7.5 billion US dollars

   
   
   

   4. 9.43 billion US dollars

   
   
   

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1. View Hint View Answer Discuss in Forum

   Due to decrease in oil process and demand for gold, the trade deficit in December 2014 narrowed down to 9.43 billion US dollar.

   Correct Option: D

   Due to decrease in oil process and demand for gold, the trade deficit in December 2014 narrowed down to 9.43 billion US dollar.

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2. The philosophy of 'Laissesz-Faire' is associated with

1. 1. Gandhian state

   
   
   

   2. Industrial state

   
   
   

   3. Socialist state

   
   
   

   4. Welfare state

   
   
   

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1. View Hint View Answer Discuss in Forum

   The philosophy of 'Laissesz-Faire' is associated with industrial state.

   Correct Option: B

   The philosophy of 'Laissesz-Faire' is associated with industrial state.

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3. In free economy, inequalities in income is due to

1. 1. free competition

   
   
   

   2. private property and inhertance

   
   
   

   3. differences in the marginal productivity of labour

   
   
   

   4. private property only

   
   
   

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1. View Hint View Answer Discuss in Forum

   In free economy, inequalities in income is due to private property and inheritance.

   Correct Option: B

   In free economy, inequalities in income is due to private property and inheritance.

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4. The slack season in the Indian economy is

1. 1. Feb-April

   
   
   

   2. Mar-April

   
   
   

   3. Jan-June

   
   
   

   4. Sept-Dec

   
   
   

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1. View Hint View Answer Discuss in Forum

   The slack season in the Indian economy is Jan-June.

   Correct Option: C

   The slack season in the Indian economy is Jan-June.

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5. As per CRISIL index on Financial inclusion which part of India is top in the financial inclusion?

1. 1. South India

   
   
   

   2. East India

   
   
   

   3. West India

   
   
   

   4. North India

   
   
   

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1. View Hint View Answer Discuss in Forum

   South India

   Correct Option: A

   South India

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