UPSC 1998 › Indian Economy › National Income & Economic Growth

2 questions · 1998 · answers as per the UPSC key

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UPSC 1998 · Q17 · Indian Economy › National Income & Economic Growth · Save

A consumer is said to be in equilibrium, if

(a) he is able to fulfil his need with a given level of income
(b) he is able to live in full comforts with a given level of income
(c) he can fulfil his needs without consumption of certain items
(d) he is able to locate new sources of income
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Answer: (a) he is able to fulfil his need with a given level of income
UPSC 1998 · Q20 · Indian Economy › National Income & Economic Growth · Save

The supply-side economics lays greater emphasis on the point of view of the

(a) producer
(b) global economy
(c) consumer
(d) middle-man
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Answer: (a) producer