What is the term coined by Manfred D Steger (2002) to denote the new market ideology of globalisation that connects nations together through international trade and aiming at global development?

(a)

Extended Capitalism

(b)

Confined Capitalism

(c)

Favourable Capitalism

(d)

None of above

Assertion: Each individual and organization produce only those goods which ensure high profit.
Reason: Profit is the driving force behind all economic activities in a capitalistic economy

(a)

Both A and R are true and R is the correct explanation of A.

(b)

Both A and R are true but R is not the correct explanation of A

(c)

A is true but R is false

(d)

A is false but R is true

Per capita income is obtained by dividing the National income by__________

(a)

Production

(b)

Population of a country

(c)

Expenditure

(d)

GNP

Inventories of finished and unfinished goods are called _________.

(a)

Net Investment

(b)

Investment

(c)

Gross Investment

(d)

Both 'a' and 'b'

In _______ method, the measures of GDP are calculated by adding all the expenditures made in the economy.

(a)

Income

(b)

Expenditure

(c)

Product

(d)

All the above

Given the equation, which of the following is wrong? Y = w + r + i + π + (R-P)

(a)

w = wages

(b)

r = rent

(c)

i = interest

(d)

π = income

Bank Rate means.

(a)

Re-discounting the first class securities

(b)

Interest rate

(c)

Exchange rate

(d)

Growth rate

Consider the following statements and identify the correct ones.
(i) Central government does not have exclusive power to impose tax which is not mentioned in state or concurrent list.
(ii) The Constitution also provides for transferring certain tax revenues from union list to states.

(a)

i only

(b)

ii only

(c)

both

(d)

none

Primary cause of Soil pollution is ________

(a)

Pest control measures

(b)

Land reclamation

(c)

Agricultural runoff

(d)

Chemical fertilizer

The purpose of simple linear regression analysis is to:

(a)

Predict one variable from another variable

(b)

Replace points on a scatter diagram by a straight -line

(c)

Measure the degree to which two variables are linearly associated

(d)

Obtain the expected value of the independent random variable for a given value of the dependent variable