The branches of the subject Economics are

(a)

Wealth and Welfare

(b)

Production and Consumption

(c)

Demand and Supply

(d)

Micro and Macro

Expenditure method is used to estimate national income in_______

(a)

Construction sector

(b)

Agricultural Sector

(c)

Service sector

(d)

Banking sector

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

The average propensity to consume is measured by _____.

(a)

C/Y

(b)

CxY

(c)

Y/C

(d)

C+Y

Paper currency system is managed by the______.

(a)

Central Monetary authority

(b)

State Government

(c)

Central Government

(d)

Banks

When prices rise slowly, we call it

(a)

galloping inflation

(b)

mild inflation

(c)

hyper inflation

(d)

deflation

A Bank is a

(a)

Financial institution

(b)

Corporate

(c)

An Industry

(d)

Service institutions

Online Banking is also known as.

(a)

E-Banking

(b)

Internet Banking

(c)

RTGS

(d)

NEFT

Trade between two countries is known as ____ trade

(a)

External

(b)

Internal

(c)

Inter-regional

(d)

Home

Which of the following is not an example of foreign direct investment?

(a)

the construction of a new auto assembly plant overseas

(b)

the acquisition of an existing steel mill overseas

(c)

the purchase of bonds or stock issued by a textile company overseas

(d)

the creation of a wholly owned business firm overseas

The other name for Special Drawing Rights is

(a)

Paper gold

(b)

Quotas

(c)

Voluntary Export Restrictions

(d)

None of these

New Development Bank is associated with

(a)

BRICS

(b)

WTO

(c)

SAARC

(d)

ASEAN

The tax possesses the following characteristics

(a)

Compulsory

(b)

No quid pro quo

(c)

Failure to pay is offence

(d)

All the above

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

Electronic waste is commonly referred as _______

(a)

solid waste

(b)

composite waste

(c)

e-waste

(d)

hospital waste

Which is not the feature of economic growth?

(a)

Concerned with developed nations

(b)

Gradual change

(c)

Concerned with quantitative aspect

(d)

Wider concept

Which of the following country adopts indicative planning?

(a)

France

(b)

Germany

(c)

Italy

(d)

Russia

Sources of secondary data are______

(a)

Published sources

(b)

Unpublished sources

(c)

Neither published nor unpublished sources

(d)

Both (a) and (b)

A measure of the strength of the linear relationship that exists between two variables is called:

(a)

Slope

(b)

Intercept

(c)

Correlation coefficient

(d)

Regression equation

Define Macro Economics

Define National Income.

What is consumption function?

Define Money.

Define Commercial banks.

Define International trade.

Write the meaning of Special Drawing rights.

State the meaning of environment.

Define economic development

What is Statistics?

State the importance of Macro Economics.

List out the uses of national income.

Write any five differences between classicism and Keynesianism.

Write a note on metallic money.

Give a brief note on NBFI.

Describe the subject matter of International Economics.

List out the achievements of BRICS.

Mention any three methods of redemption of public debt.

Explain different types of air pollution.

What are the functions of NITI Aayog?

1. Discuss the scope of Macro Economics.

2. Explain the importance of national income

1. Describe the types of unemployment.

2. Explain Keynes psychological law of consumption function with diagram.

1. Describe the phases of Trade cycle.

2. What are the objectives of Monetary Policy? Explain.

1. Explain the relationship between Foreign Direct Investment and Economic development.

2. Explain the objectives of IMF.

1. Explain the scope of public finance.

2. Briefly explain the relationship between GDP growth and the quality of environment.

1. Discuss the economic determinants of economic development.

2. Bring out the arguments against planning.

1. Elucidatethe nature and scope of Statistics.