_________ sector sells the entire output to house holds.

(a)

Firm

(b)

House hold

(c)

Government

(d)

Foreign trade

Pick basic composition of three sector of model of economy

(a)

Y = C + I + G + (X – M)

(b)

Y = C + I + G

(c)

Y = C + S

(d)

Y = C + I

The core of the classical theory of employment is____________

(a)

Law of Diminishing Return

(b)

Law of Demand

(c)

Law of Markets

(d)

Law of Consumption

The relationship between total spending on consumption and the total income is the_________

(a)

Consumption function

(b)

Savings function

(c)

Investment function

(d)

aggregate demand function

The Functions of commercial banks are broadly classified into

(a)

Primary Functions

(b)

Secondary functions

(c)

Other functions

(d)

a, b, and c

Exchange rates are determined in

(a)

money market

(b)

foreign exchange market

(c)

stock market

(d)

capital market

The first ministerial meeting of WTO was held at

(a)

Singapore

(b)

Geneva

(c)

Seattle

(d)

Doha

The difference between total expenditure and total receipts including loans and other liabilities is called

(a)

Fiscal deficit

(b)

Budget deficit

(c)

Primary deficit

(d)

Revenue deficit

Which is not the feature of economic growth?

(a)

Concerned with developed nations

(b)

Gradual change

(c)

Concerned with quantitative aspect

(d)

Wider concept

If Y = 2 - O.2X, then the value of Y intercept is equal to

(a)

-0.2

(b)

2

(c)

0.2X

(d)

All of the above