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Which one of the following statements is true with regard to an cconomy which is on its production possibility frontier

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Important Questions on Indian Economy

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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
Lira was the currency of which country?
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
Monopoly refers to _____.
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
In the Constitution of lndia, the budget is known as _____.
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
The state of the economy at which the value of the currency falls and the price increases is called ______.
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
Elasticity of demand of luxury goods is: 
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
Credit is also known as _____.
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
Monopoly refers to _____.
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
Which among the following is called a medium of exchange? 
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
Disguised unemployment is prominently found in:
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
GST is NOT applicable on which of the following goods or services?
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
What is the name given to the graph that shows all the combinations of two commodities that a consumer can afford at given market prices and within the particular income level in economic terms?
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
In which kind of wants, both parties have agreed to sell and buy each other commodities? 
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
Movement along the supply curve is known as _____.
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
The phase of increasing returns is otherwise called: 
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
In which economic system the government decides what goods are to be produced in accordance with the needs of society?
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts

A situation where the expenditure of the government exceeds its revenue is known as _____.

 

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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
India won its ______ successive title at the South Asian Football Federation Women's Championship in March 2019.
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
A portion of an individual's total income is spent on consumption; the remaining part is called:
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
Which of the following which one is non-contractual earning?
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Indian Polity and Economy>Economy>Indian Economy>Basic Economics Terms and Concepts
The agricultural price support program is an example of ______.