Identify which is not an example of capitalistic economy.

(a)

The USA economy

(b)

Germany economy

(c)

Indian economy

(d)

Australia economy

Which is a flow concept ?

(a)

Number of shirts

(b)

Total wealth

(c)

Monthly income

(d)

Money supply

In case of transfer payments of nation income, expenditures towards payment incurred by the government like old age pension ________?

(a)

should be included

(b)

should not be included

(c)

both

(d)

none

Online Banking is also known as.

(a)

E-Banking

(b)

Internet Banking

(c)

RTGS

(d)

NEFT

The Tenth BRICS Summit was held in July 2018 at

(a)

Beijing

(b)

Moscow

(c)

Johannesburg

(d)

Brasilia

Expand the term TRIPs

(a)

Tradition Related Intellectual Procedural Rights

(b)

Trade Related Intellectual Property Rights

(c)

Tourism Related Intellectual Procedural Rights

(d)

Travel Related Intellectual Property Rights

Which one of the following deficits does not consider borrowing as a receipt?

(a)

Revenue deficit

(b)

Budgetary deficit

(c)

Fiscal deficit

(d)

Primary deficit

Assertion: A poor person should pay more tax compared to a middle class person or a rich person.
Reason: The Government should impose tax in such a way that the people have to pay taxes according to their ability.

(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

P.C.Mahalanobis is known as the founder of________.

(a)

classical statistics

(b)

mathematical economics

(c)

modern statistics

(d)

applied econometrics

When the correlation coefficient, r, is close to one:

(a)

there is no relationship between the two variables

(b)

there is a strong linear relationship between the two variables

(c)

it is impossible to tell if there is a relationship between the two variables

(d)

the slope of the regression line will be close to one