Aggregate supply is equal to ___________.

(a)

C + I + G

(b)

C + S + G + (x - m)

(c)

C + S + T + (x - m)

(d)

C + S + T + Rf

Keynes theory pursues to replace laissez faire by ___________

(a)

No government intervention

(b)

Maximum intervention

(c)

State intervention in certain situation

(d)

Private sector intervention

The MPC is equal to :

(a)

Total spending / total consumption

(b)

Total consumption / total income

(c)

Change in consumption / change in income

(d)

none of the above

The relationship between total spending on consumption and the total income is the_________

(a)

Consumption function

(b)

Savings function

(c)

Investment function

(d)

aggregate demand function

Irving Fisher’s Quantity Theory of Money was popularized in

(a)

1908

(b)

1910

(c)

1911

(d)

1914

When prices rise slowly, we call it

(a)

galloping inflation

(b)

mild inflation

(c)

hyper inflation

(d)

deflation

ARDC started functioning from

(a)

June 3, 1963

(b)

July 3, 1963

(c)

June 1, 1963

(d)

July 1, 1963

NABARD was set up in

(a)

July 1962

(b)

July 1972

(c)

July 1982

(d)

July 1992

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

Who among the following enunciated the concept of single factoral terms of trade?

(a)

Jacob Viner

(b)

G.S.Donens

(c)

Taussig

(d)

J.S.Mill

Cyclical disequilibrium in BOP occurs because of

(a)

Different paths of business cycle.

(b)

The income elasticity of demand or price elasticity of demand is different.

(c)

long-run changes in an economy

(d)

Both (a) and (b)

Which of the following is not an example of foreign direct investment?

(a)

the construction of a new auto assembly plant overseas

(b)

the acquisition of an existing steel mill overseas

(c)

the purchase of bonds or stock issued by a textile company overseas

(d)

the creation of a wholly owned business firm overseas

ASEAN meetings are held once in every _______ years

(a)

2

(b)

3

(c)

4

(d)

5

SAARC meets once in __________ years.

(a)

2

(b)

3

(c)

4

(d)

5

GST is equivalence of

(a)

Sales tax

(b)

Corporation tax

(c)

Income tax

(d)

Local tax

Consider the following statements and identify the right ones.
(i) The finance commission is appointed by the President
(ii) The tenure of Finance commission is five years

(a)

i only

(b)

ii only

(c)

both

(d)

none

Ecosystem is smallest unit of

(a)

Ionosphere

(b)

Lithosphere

(c)

Biosphere

(d)

Mesosphere

The process of nutrient enrichment is termed as

(a)

Eutrophication

(b)

Limiting nutrients

(c)

Enrichment

(d)

Schistosomiasis

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

Perspective plan is also known as______

(a)

Short-term plan

(b)

Medium-term plan

(c)

Long-term plan

(d)

None of the above

The data collected by questionnaires are_______

(a)

Primary data

(b)

Secondary data

(c)

Published data

(d)

Grouped data

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

The raw materials of Econometrics are:

(a)

Data

(b)

Goods

(c)

Statistics

(d)

Mathematics

The term Uiin regression equation is

(a)

Residuals

(b)

Standard error

(c)

Stochastic error term

(d)

None

The term Uiis introduced for the representation of

(a)

Omitted Variable

(b)

Standard error

(c)

Bias

(d)

Discrete Variable