PG TRB Economics Online Test - 3

Question: 11

The main inconvenience of barter system was

(A) Prevalence of domestic system

(B) The intermediate commodity need not be familiar

(C) Lack of double coincidence of wants

(D) Transactions were many and complex

Question: 12

A nation’s real strength is reflected in its

(A) Industrial development

(B) Import

(C) Export

(D) Agriculture

Question: 13

The physiocrafts considered only the following as productive occupation

(A) Soldiers

(B) Service sector

(C) Manufacturing Industry

(D) Agriculture

Question: 14

The process of industrialization is the essential pre-requisite for

(A) Achieving economic development

(B) Increasing per capita income

(C) Inducing investment

(D) Generating employment