Q.156
CORRECT statement According to policy, instead of importing vehicles made in a foreign country, industries would be encouraged to produce them in India itself.
Q.157
Failure of Third Plan that of the devaluation of rupee (to boost exports) along with inflationary recession led to postponement of Fourth FYP and therefore Annual Plans were introduced instead.
Q.162
Which of the following statements is correct regarding Capital Expenditure? I. Capital expenditure result in creation of physical or financial assets or reduction in financial liabilities. II. Non-plan capital expenditure covers various general, social and economic services provided by the government.
Q.164
Which of the following statements is correct regarding Classification of Expenditure of government? I. Revenue Expenditure is expenditure incurred for purposes other than the creation of physical or financial assets of the central government. II. Capital expenditure results in creation of physical or financial assets or reduction in financial liabilities.
Q.178
Which of the following statements is correct regarding Depreciation? I. Depreciation is termed as loss of value of fixed assets due to wear and tear during its useful life. II. Depreciation does not take into account unexpected or sudden destruction.
Master Economics set 2 for All Competitive Exams 2026
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