A steady increase in general price level is termed as_____________.

(a)

wholesale price index

(b)

Business Cycle

(c)

Inflation

(d)

National Income

Income method is measured by summing up of all forms of__________

(a)

Revenue

(b)

Taxes

(c)

expenditure

(d)

Income

The value of NNP at production point is called _________.

(a)

NNP at factor cost

(b)

NNP at market cost

(c)

GNP at factor cost

(d)

Per capita income

________ theory is a turning point in the development of modern economic theory.

(a)

Keynes’

(b)

Say’s

(c)

Classical

(d)

Employmen

If the Keynesian consumption function is C=10+0.8 Y then, and disposable income is Rs.100, what is the average propensity to consume?

(a)

Rs.0.8

(b)

Rs.800

(c)

Rs.810

(d)

Rs.0.9

During depression the level of economic activity becomes extremely

(a)

high

(b)

bad

(c)

low

(d)

good

ARDC started functioning from

(a)

June 3, 1963

(b)

July 3, 1963

(c)

June 1, 1963

(d)

July 1, 1963

_______ relates to patents, copyrights, trade secrets, etc.,

(a)

TRIPS

(b)

TRIMS

(c)

GATS

(d)

NAMA

Which of the following is main cause for deforestation?

(a)

Timber harvesting industry

(b)

Natural afforestation

(c)

Soil stabilization

(d)

Climate stabilization

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