Who coined the word ‘Macro’?

(a)

Adam Smith

(b)

J M Keynes

(c)

Ragnar Frisch

(d)

Karl Marx

The country following Capitalism is ________________

(a)

Russia

(b)

America

(c)

India

(d)

China

National income is measured by using_______ methods.

(a)

Two

(b)

Three

(c)

Five

(d)

Four

In disguised unemployment, the marginal productivity of labour is _________

(a)

Zero

(b)

One

(c)

Two

(d)

Positive

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

According to Keynes, investment is a function of the MEC and _________

(a)

Demand

(b)

Supply

(c)

Income

(d)

Rate of interest

Inflation means

(a)

Prices are rising

(b)

Prices are falling

(c)

Value of money is increasing

(d)

Prices are remaining the same

A Bank is a

(a)

Financial institution

(b)

Corporate

(c)

An Industry

(d)

Service institutions

Exchange rates are determined in

(a)

money market

(b)

foreign exchange market

(c)

stock market

(d)

capital market

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

(a)

TRIPS

(b)

TRIMS

(c)

GATS

(d)

NAMA

The modern state is

(a)

Laissez-faire state

(b)

Aristocratic state

(c)

Welfare state

(d)

Police state

Ecosystem is smallest unit of

(a)

Ionosphere

(b)

Lithosphere

(c)

Biosphere

(d)

Mesosphere

Environmental goods are ____________

(a)

Market goods

(b)

Non-market goods

(c)

Both

(d)

None ofthe above

Electronic waste is commonly referred as _______

(a)

solid waste

(b)

composite waste

(c)

e-waste

(d)

hospital waste

Alkali soils are predominantly located in the _______ plains?

(a)

Indus-Ganga

(b)

North-Indian

(c)

Gangetic plains

(d)

All the above

M.N. Roy was associated with_______

(a)

Congress Plan

(b)

People's Plan

(c)

Bombay Plan

(d)

None of the above

Planning Commission was set up in the year ________

(a)

1950

(b)

1951

(c)

1947

(d)

1948

The word 'statistics' is used as _______

(a)

Singular.

(b)

Plural

(c)

Singular and Plural.

(d)

None of above

The term regression was used by:

(a)

Newton

(b)

Pearson

(c)

Spearman

(d)

Galton

The raw materials of Econometrics are:

(a)

Data

(b)

Goods

(c)

Statistics

(d)

Mathematics

Define ‘Economic Model'.

What is the difference between NNP and NDP?

List out the assumptions of Say’s law.

Define Multiplier.

Define Central bank.

State any two merits of trade.

What is public revenue?

Differentiate between personal and disposable income.

Explain disinflation.

What are import quotas?

What is primary deficit?

State the meaning of e-waste.

Distinguish between functional and structural planning.

Differentiate the economic model with econometric model.

Explain the importance of national income

Describe the types of unemployment

Explain the functions of money

Discuss the Modern Theory of International Trade.

Explain the objectives of IMF.

Explain the concepts of externality and its classification

Describe the application of Econometrics in Economics.