Public Finance is concerned with

(a)

Income and Expenditure of government

(b)

Public Debt

(c)

Taxation

(d)

All the above

Marginal utility analysis is based on __________ .

(a)

Ordinal approach

(b)

cardinal approach

(c)

Indifference Curve approach

(d)

Budget line approach

Responsiveness of the quantity supplied of a good to a change in its price is_______

(a)

Supply

(b)

Elasticity of supply

(c)

Demand

(d)

Elasticity of demand

Revenue received from the sale of additional unit is termed as _____ revenue.

(a)

profit

(b)

average

(c)

marginal

(d)

total

Very short period is also called ________ period

(a)

Long Period

(b)

Short Period

(c)

Market Period

(d)

None of these

Profit is the reward for

(a)

Land

(b)

Organization

(c)

Capital

(d)

Labour

"Liquidity preference is the preference to have an amount of cash rather than of claims against others" says_________________.

(a)

J.S.Mill

(b)

Benham

(c)

Meyer

(d)

Torrance

V.K.R.V. Rao followed the footsteps of his great teacher ______________,

(a)

J.M.Keynes

(b)

J.S.Mill

(c)

Malthus

(d)

Hicks

The Period of merchant capital was _________.

(a)

1757 - 1813

(b)

1813 - 1820

(c)

1820 - 1826

(d)

None of these