BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not a positive economic statement?
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Unemployment rate decreases with industrialization
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Economics is a social science that studies human behaviour.
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Looking at the current condition of farmers, the government is expected to decrease the rate of interest on loan.
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India spends a huge amount of money on national defense.
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Explanation:
Detailed explanation-1: -Answer: (a) Small farmers normally have no collateral to pledge against loans. Collateral is an asset that the borrower owns and uses this as a guarantee to a lender until the loan is repaid. That is why banks have no interest to lend to small farmers.
Detailed explanation-2: -An average Indian farmer earns Rs 6, 426 per month while the expenditure is Rs 6, 223. Also, only 15 per cent of farmers earn 91 per cent of the total agricultural income amid overwhelming inequality. An analysis shows that a farmer earns only Rs7, 639 from a hectare of wheat against the production cost of Rs 32, 644.
Detailed explanation-3: -The correct answer is the Predominance of cash crops.
There is 1 question to complete.