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Which of the following is a statement of...

Which of the following is a statement of normative nature in economics ?
(a) Economics is study of choices/alternatives
(b)
(c) According to an estimate, in spilt of severe shortage, more than 10% of houses in Indian cities are lying vacant
(d) Accommodation of Refugees is posing a big problem for the Europe

A

Economics is study of choices/alternatives

B

Government should be concerned with how to reduce unemployment

C

According to an estimate, in spilt of severe shortage, more than 10% of houses in Indian cities are lying vacant

D

Accommodation of Refugees is posing a big problem for the Europe

Text Solution

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Govemment should be concerned with how to reduce unemployment
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Knowledge Check

  • Passage I : Despite the economic crunch worldwide that saw pulverization of some of the largest banking and finance giants, Indian banking houses have managed to show positive growth this quarter. Some oflndia 's leading national banks have posted a net profit rise of more than 40% over the last quarter amid global turmoil. This would come as a big shot in the arm for the investors and consumers of these banks even though apperhension is mounting on other banking and broking firms worldwide. One of the main reasons behind by the Government India. People take solace in their investments in public sector watching the bailout packages being cashed out by governments all over the world to save big business houses. Passage II : Other private banks in India have also reported a substantial net profit over the last quarter. Given the international and domestic scenario, one cannot put this down as a mundane achievement. While others are·on a cost cutting spree and firing employees, Indian Companies are actually working on boosting staffing in banking and broking sectors. This can be seen as a big boon in the days to come when the current recession eases and the economy gradually comes back on to the fast track. The finance minister has assured Indian public about the sound health of all Indian banks. This could also be evident from the fact that · there have been no mergers and takeovers in Indian Banking sector in a contrast to world scenario where finance houses are looking for mergers to cut costs on operations. We definitely are not looking to thrive, rather we are looking for growth, It is just that the pace of growth is a little slow now as compared to a year or two before. These are hard times oftest the hard. The weak in business and career will be weeded out and it is sometimes very beneficial for business on the long run. Which of the following statements is definitely true in the context of the passage? (A) India has not been affected by the economic slowdown. (B) Indian Banks are showing growth in this quarter despite the recession. (C) While banking industry in the West was severely affected by the recession in the past, it is now gradually recovering and showing a positive growth.

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