UGC NET ECONOMICS MODEL QUESTIONS-Set 11

1) A situation in which an individual, business, or country can produce more of a good or service than other producer with the same quantity of resources - Absolute advantage
2) A situation in which an individual, business, or country can produce a good services at a lower opportunity cost than another producer - Comparitive advantage
3) Decrease in the rate of inflation without any adverse impact of employment or output - Disinflation
4) High rate of inflation accompanied by unemployment - Stagflation
5) The summation of inflation and unemployment rate expressed by - Misery index
6) Inflation with considering the commodities 'non-volatile' in nature - Core inflation
7) The first committee formed for estimating poverty line in India - Dandekar & Rath (1971-72)
8) Which committee was firstly suggested separate rural and urban poverty line - Alagh committee (1978-79)
9) Which committee recommended state wise poverty line - Lakaddwala committee (1993)
10) The consumer's satisfaction at having one or more units of money available to spend - Marginal Utility of Money


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