Assertion: The government has a limited role in a capitalistic economy.
Reason: The government provides basic services such as, defense, public health, education, etc.

(a)

Both (A) and (R) are true and (R) is the correct explanation of (A).

(b)

Both (A) and (R) are true, but (R) is not the correct explanation of (A).

(c)

(A) is true, but (R) is false

(d)

(A) is false, but (R) is true

_________ provides the social goods like public health and education etc.

(a)

Private

(b)

Government

(c)

Unorganised sector

(d)

None of these

Say's law of market is the core of the __________ theory of employment.

(a)

classical

(b)

economical

(c)

environmental

(d)

proportional

Formula for calculating Multiplier

(a)

\(K=\frac{1}{1-MPC}\)

(b)

\(\frac{ΔY}{ΔI}\)

(c)

\(\frac{1}{MPS}\)

(d)

All the above

In India, currency notes are issued by the_______

(a)

State Bank

(b)

RBI

(c)

World Bank

(d)

SBI

The first International Finance Conference held at Brussels in _____ ?

(a)

1922

(b)

1920

(c)

1921

(d)

1932

________ refers to the exchange of goods and services with the political and geographical boundaries of a nation.

(a)

Internal Trade

(b)

External Trade

(c)

Foreign Trade

(d)

Global trade

As of now, The IBRD has _________ member countries.

(a)

188

(b)

189

(c)

35

(d)

210

A state’s fine is a penalty imposed on an individual for………….?

(a)

violation of law

(b)

social welfare

(c)

following duties

(d)

criminal offence

Assertion: The state has to supplement the traditional revenue sources with borrowing from individuals, and institutions within and outside the country.
Reason: In the 18th and 19th centuries the role of the state was minimum, but since 20th century there has been enormous increase in the responsibilities of the state.

(a)

Both A and R are true and R is the correct explanation of A

(b)

Both A and R are true but R is not the correct explanation of A

(c)

A is true but R is false

(d)

A is false but R is true