The process of reasoning from particular to general is

(a)

Deductive method

(b)

Inductive method

(c)

Positive economics

(d)

Normative economics

Capital good also called ________.

(a)

Intermediate goods

(b)

Producers goods

(c)

Semi durable goods

(d)

All the above

As a factor of production, capital is a _______________means of production.

(a)

original

(b)

primary

(c)

produced

(d)

monetary

Global Market

(a)

Gold and silver

(b)

Rice

(c)

Wheat

(d)

None

There is strict barrier for entry of any new firm in_______________.

(a)

Perfect competition

(b)

Monopoly

(c)

Monopolistic competition

(d)

Oligopoly

The concept of meeting unexpected expenditure according to Keynes is

(a)

Transaction motive

(b)

Precautionary motive

(c)

Speculative motive

(d)

Personal motive

According to Alfred Marshall, interest is the reward for______________.

(a)

waiting

(b)

production

(c)

preference

(d)

satisfaction

"Books could be written to demonstrate its evils". Who said this?

(a)

Thiruvalluvar

(b)

Mahatma Gandhi

(c)

Jawaharlal Nehru

(d)

Amartya Sen

In Which place Portuguese had traded in India?

(a)

Calicut

(b)

Mangalore

(c)

Goa

(d)

Mumbai

How do you term the employment occurring only on a particular season?

(a)

Open

(b)

Disguised

(c)

Seasonal

(d)

Rural