Identify the necessity of Economic policies

(a)

to solve the basic problems

(b)

to overcome the obstacles

(c)

to achieve growth

(d)

all the above

National income is a measure of the__________ performance of an economy

(a)

Industrial

(b)

Agricultural

(c)

Economic

(d)

Consumption

The financial year in India is__________

(a)

April 1 to March 31

(b)

March 1 to April 30

(c)

March 1 to March 16

(d)

January 1 to December 31

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

________ theory is a turning point in the development of modern economic theory.

(a)

Keynes’

(b)

Say’s

(c)

Classical

(d)

Employment

The average propensity to consume is measured by _____.

(a)

C/Y

(b)

CxY

(c)

Y/C

(d)

C+Y

As income increases, consumption will______

(a)

fall

(b)

not change

(c)

fluctuate

(d)

increase

Inflation means

(a)

Prices are rising

(b)

Prices are falling

(c)

Value of money is increasing

(d)

Prices are remaining the same

_____inflation is in no way dangerous to the economy.

(a)

walking

(b)

running

(c)

creeping

(d)

galloping

Bank credit refers to

(a)

Bank Loans

(b)

Advances

(c)

Bank loans and advances

(d)

Borrowings

EXIM bank was established in.

(a)

June 1982

(b)

April 1982

(c)

May 1982

(d)

March 1982

In general, a primary reason why nations conduct international trade is because

(a)

Some nations prefer to produce one thing while others produce another

(b)

Resources are not equally distributed among all trading nations

(c)

Trade enhances opportunities to accumulate profits

(d)

Interest rates are not identical in all trading nations

Components of balance of payments of a country includes

(a)

Current account

(b)

Official account

(c)

Capital account

(d)

All of above

International Monetary Fund is having its headquarters at

(a)

Washington D.C.

(b)

New York

(c)

Vienna

(d)

Geneva

The term BRIC was coined in

(a)

2001

(b)

2005

(c)

2008

(d)

2010

Which of the following canons of taxation was not listed by Adam smith?

(a)

Canon of equality

(b)

Canon of certainty

(c)

Canon of convenience

(d)

Canon of simplicity

The word budget has been derived from the French word "bougette" which means

(a)

A small bag

(b)

An empty box

(c)

A box with papers

(d)

None of the above

One of the most important market failures is caused by __________

(a)

Positive externalities

(b)

Negative externalities

(c)

Both

(d)

None of the above

Alkali soils are predominantly located in the _______ plains?

(a)

Indus-Ganga

(b)

North-Indian

(c)

Gangetic plains

(d)

All the above

Arrange following plans in correct chronological order
(i) People's Plan
(ii) Bombay Plan
(iii) Jawaharlal Nehru Plan
(iv) Vishveshwarya Plan

(a)

(i) (ii) (iii) (iv)

(b)

(iv) (iii) (ii) (i)

(c)

(i) (ii) (iv) (iii)

(d)

(ii) (i) (iv) (iii)

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

If the points on the scatter diagram indicate that as one variable increases the other variable tends to decrease the value of r will be:

(a)

Perfect positive

(b)

Perfect negative

(c)

Negative

(d)

Zero

The raw materials of Econometrics are:

(a)

Data

(b)

Goods

(c)

Statistics

(d)

Mathematics