Socialist Economy promote  __________.

(a)

Social welfare motive

(b)

Collective welfare motive

(c)

Profit motive

(d)

Both 'a' and 'b'

How many models of circular flow of economy are there?

(a)

One

(b)

Three

(c)

Five

(d)

Two

Which of the following could not be considered a major economic system?

(a)

capitalism

(b)

communism

(c)

socialism

(d)

secularism

The average income of the country is________

(a)

Personal Income

(b)

Per capita income

(c)

Inflation Rate

(d)

Disposal Income

_________ Income is the buying power of nominal income.

(a)

Gross Income

(b)

Real Income

(c)

Percapita Income

(d)

National Income

Which of the following includes five types of final goods and services?

(a)

GNP

(b)

GDP

(c)

NDP

(d)

NNP

________________ started functioning from 1st July 1963.

(a)

ARDC

(b)

IMF

(c)

RBI

(d)

SBI

In the Keynesian two sector economy, AD>AS, then

(a)

S=I

(b)

S>

(c)

S<I

(d)

S=0

NABARD was set up in

(a)

July 1962

(b)

July 1972

(c)

July 1982

(d)

July 1992

The major contributor of Carbon monoxide is

(a)

Automobiles

(b)

Industrial process

(c)

Stationary fuel combustion

(d)

None of the above