Who is regarded as Father of Modern Macro Economics?

(a)

Adam Smith

(b)

J M Keynes

(c)

Ragnar Frisch

(d)

Karl Marx

National income is measured by using_______ methods.

(a)

Two

(b)

Three

(c)

Five

(d)

Four

The main concern of the Classical Economic Theory is _______.

(a)

Under employment

(b)

Economy is always in the state of equilibrium

(c)

Demand creates its supply

(d)

Imperfect competition

If the Keynesian consumption function is C=10+0.8Y then, when disposable income is Rs 100, what is the marginal propensity to consume?

(a)

₹ 0.8

(b)

₹ 800

(c)

₹ 810

(d)

₹ 0.81

MV stands for

(a)

demand for money

(b)

supply of legal tender money

(c)

Supply of bank money

(d)

Total supply of money

Central bank is_____ authority of any country.

(a)

Monetary

(b)

Fiscal

(c)

Wage

(d)

National Income

Exchange rates are determined in

(a)

money market

(b)

foreign exchange market

(c)

stock market

(d)

capital market

IBRD is otherwise called

(a)

IMF

(b)

World Bank

(c)

ASEAN

(d)

International Finance Corporation

The tax possesses the following characteristics

(a)

Compulsory

(b)

No quid pro quo

(c)

Failure to pay is offence

(d)

All the above

The primary purpose of deficit financing is

(a)

Economic development

(b)

Economic stability

(c)

Economic equality

(d)

Employment generation

Environmental goods are ____________

(a)

Market goods

(b)

Non-market goods

(c)

Both

(d)

None ofthe above

Sustainable Development Goals and targets are to be achieved by ____________

(a)

2020

(b)

2025

(c)

2030

(d)

2050

Economic growth measures the_______

(a)

Growth of productivity

(b)

Increase in nominal income

(c)

Increase in output

(d)

None of the above

Expansion of NITI Aayog

(a)

National Institute to Transform India

(b)

National Institute for Transforming India

(c)

National Institution to Transform India

(d)

National Institution for Transforming India

The term regression was used by:

(a)

Newton

(b)

Pearson

(c)

Spearman

(d)

Galton

Econometrics is the amalgamation of

(a)

3 subjects

(b)

4 subjects

(c)

2 subjects

(d)

5 subjects