Who coined the word ‘Macro’?

(a)

Adam Smith

(b)

J M Keynes

(c)

Ragnar Frisch

(d)

Karl Marx

Primary sector is ________

(a)

Industry

(b)

Trade

(c)

Agriculture

(d)

Construction.

Structural unemployment is a feature in a _____________

(a)

Static society

(b)

Socialist society

(c)

Dynamic society

(d)

Mixed economy

When investment is assumed autonomous the slope of the AD schedule is determined by the______

(a)

marginal propensity to invest

(b)

disposable income

(c)

marginal propensity to consume

(d)

average propensity to consume

___________inflation occurs when general prices of commodities increases due to increase in production costs such as wages and raw materials.

(a)

Cost-push

(b)

demand pull

(c)

running

(d)

galloping

Bank credit refers to

(a)

Bank Loans

(b)

Advances

(c)

Bank loans and advances

(d)

Borrowings

2016 Demonetization of currency includes denominations of

(a)

Rs.500 and Rs.1000

(b)

Rs.1000 and Rs.2000

(c)

Rs.200 and Rs.500

(d)

All the above

Net export equals _______.

(a)

Export x Import

(b)

Export + Import

(c)

Export - Import

(d)

Exports of services only

Which among the following is a characteristic of underdevelopment?

(a)

Vicious circle of poverty

(b)

Rising mass consumption

(c)

Growth of Industries

(d)

High rate of urbanization

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