The congress government announced its industrial policy in ?->(Show Answer!)

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1. The congress government announced its industrial policy in

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MCQ->The congress government announced its industrial policy in....

MCQ->Industrial exhibitions play a major role in a country's economy. Such exhibitions, now regularly held in Delhi, enable us to measure the extent of our own less advanced industrial progress and the mighty industrial power and progress of countries like the U.K., U.S.A. and Russia whose pavilions are the centres of the greatest attention and attractions. The passage best supports the statement that industrial exhibitions -....

MCQ->Statement: The State Government has unilaterally increased by five percent octroi on all commodities entering into the state without seeking approval of the Central Government. Assumptions: The State Government may be able to implement its decision. The Central Government may agree to support the State Government's decision. The State Government may be able to earn considerable amount through the additional octroi.

MCQ->Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers. Selling a commodity at a price that is not more than that charged by competitors is....

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