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121. The national income of a country is
(A) Export minus
(B) Surplus of Public Sector Undertakings
(C) The Annual Revenue of the Government
(D) Sum total of factor incomes
(A) Export minus
(B) Surplus of Public Sector Undertakings
(C) The Annual Revenue of the Government
(D) Sum total of factor incomes
Correct Answer: [D] Sum total of factor incomes.
122. The place where banks settle their mutual claims and accounts is known as a
(A) Collection Centr
(B) Stock Exchange
(C) Treasury
(D) Clearing House
(A) Collection Centr
(B) Stock Exchange
(C) Treasury
(D) Clearing House
Correct Answer: [D] Clearing House.
123. More than 50% of the working population in India depends on
(A) the tertiary sector.
(B) the industrial sector.
(C) the primary sector.
(D) the public sector
(A) the tertiary sector.
(B) the industrial sector.
(C) the primary sector.
(D) the public sector
Correct Answer: [C] the primary sector..
124. The Planning Commission was appointed in March 1950 under the chairmanship of—
(A) C.D. Deshmukh
(B) None of the above
(C) P.C. Mahalanobis
(D) Jawaharlal Nehru
(A) C.D. Deshmukh
(B) None of the above
(C) P.C. Mahalanobis
(D) Jawaharlal Nehru
Correct Answer: [D] Jawaharlal Nehru.
125. Industrial Licensing, was finally abolished (with a few exceptions) in the
(A) Industrial Policy, 1991
(B) Industrial Policy, 1995
(C) Industrial Policy, 1970
(D) Industrial Policy, 1980
(A) Industrial Policy, 1991
(B) Industrial Policy, 1995
(C) Industrial Policy, 1970
(D) Industrial Policy, 1980
Correct Answer: [A] Industrial Policy, 1991.
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