A) Monetary policy is more effective
B) Monetary policy is less effective
C) Fiscal policy is less effective
D) Both A) and C) are true
Ans) B
(2) Consider the following :
a) Nominal GDP b) Price level c) The rate of interest
In monetarism, money supply determines which of the above ? Answer from the code given below :
Codes :
A) All the above
B) Only c)
C) a) and b)
D) b) and c)
Ans) C
(3) In Keynesian framework, at full employment, which of the following is/are true ?
a) Supply curve in the short period is inelastic.
b) The supply is influenced by the increase in the quantity of money.
Select the answer from the code given below :
Codes :
A) Both a) and b) are true
B) Neither a) nor b) are true
C) Only a) is true
d) Only b) is true
Ans) C
(4) Who among the following economists considered the portfolio approach to demand for money ?
a) J.M. Keynes b) M. Friedman c) James Tobin
Select the correct answer from the code given below :
Codes :
A) All the above
B) Only b) and c)
C) Only b)
D) Only a)
Ans) B
(5) When LM curve is vertical, which one of the following is correct ? An increase in the money supply will lead to :
A) Fall in the interest rate
B) Fall in the level of income
C) Rise in the rate of interest
D) No change in the level of income
Ans) A
(6) Who among the following believe the velocity of money to be constant ?
A) Classicals
B) Keynesians
C) Monetarists
D) Both A) and C) above
Ans) D
(7) Crowding out will emerge in the economy, if :
A) Government spending is on the rise
B) Deficit financing is in control
C) Both A) and B) are relevant
D) Neither A) nor B) are relevant
Ans) A
(8) Which one of the following is/are not true for a simple Y=AK model ?
a) Constant exogenous Savings rate.
b) Non-operation of diminishing returns to scale.
c) Constant endogenous savings rate.
Choose the answer from the code given below :
Codes :
A) a) and b) are true
B) b) and c) are true
C) Only c) true
D) Only b) is true
(9) Population replacement level of total fertility rate is :
A) 2.1
B) 1.0
C) 2.5
D) 4.0
Ans) A
(10) Consider the following statements :
a) India is one of the first in Asia to recognise the effectiveness of the Export Processing Zone.
b) Asia's first Export Processing Zone was set up in Kandla, India in 1965.
Which of the statement/s given above is/are correct ?
A) Only a)
B) Only b)
C) Both a) and b)
D) Neither a) nor b)
Ans) C
(11) Which of the following is not a part of Bharat Nirman ?
A) Rural Housing
B) Agro-based industries
C) Rural Electrification
D) Rural Telephony
Ans) B
(12) The relevant age group for computation of child sex-ratio :
A) 0-1 years
B) 0-4 years
C) 0-6 years
D) 0-7 years
Ans) C
(13) Value of the Marginal Product (VMP) is :
A) MPP x MR
B) MPP x AR
C) APP x MR
D) APP x AR
Ans) B
(14) Which committee recommend abolition of tax rebates under section 88 of the Income Tax Act ?
A) Chellaiah Committee
B) Kelkar Committee
C) Shome Committee
D) None of the above
Ans) B
(15) As per UN Report on the convention between Poverty and Environment, which one of the following is incorrect :
A) Natural calamities always hit the poor more severely.
B) Poverty escalation leads to environmental degredation.
C) Environmental degredation adversely affects livelihood.
D) Environmental degredation reduces poverty.
Ans) D
(16) Which of the following is not related to 'empowerment of women' ?
A) Gender Development Index
B) Gender Empowerment Measure
C) Gender Budgeting
D) Gender Discrimination
Ans) D
(17) The phenomenon of 'demographic divided' of a country is related to :
A) A sharp decline in the total population.
B) A decline in the Infant Mortality Rate.
C) An increase in the sex ratio.
D) An increase in the population in the working age group.
Ans) D
(18) The agricultural census is done at which one of the following intervals ?
A) Every year
B) Once in three years
C) Once in five years
D) Once in ten years
Ans) C
(19) The 2015, Nobel Prize in Economics has been given to Angus Deaton for his work on :
A) Consumption, poverty and welfare
B) Population, poverty and development
C) Consumption, saving and welfare
D) Consumption, human development and education
Ans) A
(20) A tax is said to be buoyant if tax revenue is proportionally :
A) More responsive to changes in output
B) Less responsive to changes in output
C) Equally responsive to changes in tax base
D) Less responsive to changes in tax base
Ans) A
0 Comments