Identify the other name for Macro Economics.

(a)

Price Theory

(b)

Income Theory

(c)

Market Theory

(d)

Micro Theory

Find the incorrect match

(a)

 Capitalistic Economy - Capitalism

(b)

Command Economy -  Socialism

(c)

Socialistic Economy -  Globalism

(d)

Mixed Economy-  Mixedism

GNP = _________ + Net factor income from abroad

(a)

NNP

(b)

NDP

(c)

GDP

(d)

Personal income

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

Keynes attributes unemployment to_______.

(a)

A lack of effective supply

(b)

A lock of effective demand

(c)

A lack of both

(d)

None of the above

A situation in which every able bodied person who is willing to work at the prevailing wage rate, is employed_________?

(a)

Less than full employment

(b)

Full employment

(c)

underemployment

(d)

structural employment

As national income increases

(a)

The APC falls and gets nearer in value to the MPC

(b)

The APC increases and diverges in value from the MPC.

(c)

The APC stays constant

(d)

The APC always approaches infinity

The basic distinction between M₁ and M₂ is with regard to

(a)

post office total deposits

(b)

saving deposits with post office savings bank

(c)

Terms deposits of banks

(d)

currency

Credit creation means

(a)

Multiplication of loans and advances

(b)

Revenue

(c)

Expenditure

(d)

Debt

Terms of Trade of a country show __________.

(a)

Ratio of goods exported and imported

(b)

Ratio of import duties

(c)

Ratio of prices of exports and imports

(d)

Both (a) and (c)