Identify the necessity of Economic policies

(a)

to solve the basic problems

(b)

to overcome the obstacles

(c)

to achieve growth

(d)

all the above

Expenditure method is used to estimate national income in_______

(a)

Construction sector

(b)

Agricultural Sector

(c)

Service sector

(d)

Banking sector

According to classical theory, rate of interest is a reward for __________

(a)

Investment

(b)

Demand

(c)

Capital

(d)

Saving

The multiplier tells us how much __________ changes after a shift in _____

(a)

Consumption, income

(b)

investment, output

(c)

savings, investment

(d)

output, aggregate demand

V in MV = PT equation stands for

(a)

Volume of trade

(b)

Velocity of circulation of money

(c)

Volume of transaction

(d)

Volume of bank and credit money

Expansions of ATM

(a)

Automated Teller Machine

(b)

Adjustment Teller Machine

(c)

Automatic Teller mechanism

(d)

Any Time Money

Components of balance of payments of a country includes

(a)

Current account

(b)

Official account

(c)

Capital account

(d)

All of above

New Development Bank is associated with

(a)

BRICS

(b)

WTO

(c)

SAARC

(d)

ASEAN

In a pure public good, consumption is ___________

(a)

Rival

(b)

Non-rival

(c)

Both

(d)

None of the above

Who wrote the book 'The Road to Serfdom'?

(a)

Friedrich Hayek

(b)

H.R. Hicks

(c)

David Ricardo

(d)

Thomas Robert Malthus