A deliberate effort to replace major consumer imports by promoting the emergence and expansion of domestic industries such as textile, shoes etc ?

Related Mcqs:

1. The export of goods (or goods and services) of a nation less its imports of goods (or goods and services)__________________?

   A. Trade Balance
   B. Trade deficit
   C. Trade surplus
   D. None

2. An organization of producers agreeing to limit the output of their product in an effort to raise prices and profit ?

   A. Cartel
   B. Capital account
   C. Buffer stock
   D. Capital account

3. All the goods and services produced in a country in a year plus other sources of income for example foreign exchange earnings, foreign aid, foreign remittance, loans etc are called ?

   A. GDP
   B. NNp
   C. NDP
   D. GNP

4. International resources shared by all countries e.g ocean, air etc?

   A. Global environment facility
   B. Global commons
   C. Global reserves
   D. None

5. Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called___________________?

   A. Fiscal policy
   B. Economic planning
   C. Economizing problem
   D. None

6. Directing domestic resources to output which a nation is highly efficient at producing is called____________________?

   A. International Trade
   B. Speculation
   C. International specialization
   D. None

7. From of central bank that issues domestic currency for foreign exchange at fixed rates ?

   A. Stock exchange
   B. Currency board
   C. State Bank
   D. Commercial Bank

8. An industry in which expansion through the entry of firms decreases the prices, firms in the industry must pay for resources and there fore decreases their production costs ?

   A. Declining industry
   B. Decreasing cost industry
   C. Both
   D. None

9. A schedule showing the amounts households plan to spend for consumer goods at different levels of disposable income is called________________?

   A. Income schedule
   B. Saving schedule
   C. Consumption schedule
   D. None

10. A line which shows different combinations of two products a consumer can purchase with a specific money income, given the products price?

    A. Indifference curve
    B. Lorenz curve
    C. Budget line
    D. Say’s law