Economic growth refers to

 SSC CGL 26 Oct 2014 Evening Shift Answer Keys

Question 53: Economic growth refers to
A) continuous growth of national income for atleast two years
B) continuous growth of per capita real income over a period of time in an economy
C) continuous growth of agriculture sector
D) prevention of concentration of wealth
Answer: continuous growth of per capita real income over a period of time in an economy

Question 54. Which of the following statement is incorrect?
A) Economy faces the problem of utilisation of resources.
B)Economy faces the problem of growth of resources.
C) Economy faces the problem of excess of resources.
D) The central problem of an economy is the problem of allocation of resources.
Answer : Economy faces the problem of excess of resources.

tags: definition of Economic growth, meaning of Economic growth

Other Questions

• Question 60 A state is known by the rights that it maintains
• Question 59 Members of the Union Public Service Commission are...
• Question 58 If only a part of the labour force employed by a f...
• Question 56 What is the main duty of the Legislature?
• Question 55 Which of the following provides Representative Gov...
• Question 51 In the case of direct taxes, the payment liability...
• Question 53 Economic growth refers to
• Question 57 Chandragupta Maurya spent his last days at
• Question 52 Interest paid to a bank for a crop loan is

Advertisements