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- Answered
- Review
- Question 1 of 50
1. Question
Production function expresses
- Question 2 of 50
2. Question
Which one of the following is not a characteristic of the population of a developed country?
- Question 3 of 50
3. Question
Which plan gave emphasis on removal of poverty for the first time?
- Question 4 of 50
4. Question
GDP at Factor Cost is
- Question 5 of 50
5. Question
“Interest is a reward for parting with liquidity” is according to
- Question 6 of 50
6. Question
Extension or contraction of quantity demanded of a commodity is a result of a change in the
- Question 7 of 50
7. Question
Cross elasticity of demand between petrol and car is
- Question 8 of 50
8. Question
‘Supply creates its own demand’. This statement is related to
- Question 9 of 50
9. Question
FERA in India has been replaced by
- Question 10 of 50
10. Question
National Income Estimates in India are prepared by
- Question 11 of 50
11. Question
The term ‘Mixed Economy’ denotes
- Question 12 of 50
12. Question
The Law of Demand expresses
Hint
Law of demand states that when the price rises, the quantity demand falls and vice-versa.
- Question 13 of 50
13. Question
A situation where we have people whose level of income is not sufficient to meet the minimum consumption expenditure is considered as
- Question 14 of 50
14. Question
Full convertibility of a rupee means
- Question 15 of 50
15. Question
India is called a mixed economy because of the existence of
1. Public Sector
2. Private Sector
3. Joint Sector
4. Cooperative Sector - Question 16 of 50
16. Question
the present Indian monetary system is based on
- Question 17 of 50
17. Question
Gross Domestic Product is defined as the value of all
- Question 18 of 50
18. Question
An exceptional demand curve is one that moves
- Question 19 of 50
19. Question
Production function explains the relationship between
- Question 20 of 50
20. Question
The Draft of the Five Year Plans in India is approved by the
- Question 21 of 50
21. Question
The term stagflation refers to a situation where
- Question 22 of 50
22. Question
If two commodities are complements, then their cross-price elasticity is
- Question 23 of 50
23. Question
Opportunity cost of production of a commodity is
- Question 24 of 50
24. Question
Surplus earned by a factor other than land in the short period of referred to as
- Question 25 of 50
25. Question
Who is the Ex-officio Chairman of the Niti Aayog?
- Question 26 of 50
26. Question
Which from the following is not true when the interest rate in the economy goes up?
- Question 27 of 50
27. Question
Which one of the following is not a method of measurement of National Income?
- Question 28 of 50
28. Question
Labour Intensive Technique would get chosen in a
- Question 29 of 50
29. Question
Which one of the following would not constitute an economic activity?
- Question 30 of 50
30. Question
Net National Product of a country is
- Question 31 of 50
31. Question
Brain drain
- Question 32 of 50
32. Question
Formalised system of trading agreements with groups of countries is known as
- Question 33 of 50
33. Question
Which one of the following is not a method of estimating National Income?
- Question 34 of 50
34. Question
The monetary policy is India is formulated by
- Question 35 of 50
35. Question
A short-term government security paper is called
- Question 36 of 50
36. Question
Under which market condition do firms have excess capacity?
- Question 37 of 50
37. Question
Price theory is also known as
- Question 38 of 50
38. Question
National Income is the
- Question 39 of 50
39. Question
The exchange of commodities between two countries is referred as
- Question 40 of 50
40. Question
A want becomes a demand only when It is backed by the
- Question 41 of 50
41. Question
The terms “Micro Economics” and “Macro Economics” were coined by
- Question 42 of 50
42. Question
During periods of inflation, tax rates should
- Question 43 of 50
43. Question
Which is the biggest tax paying sector in India?
- Question 44 of 50
44. Question
“Economics is what it ought to be” – This statement refers to
- Question 45 of 50
45. Question
The excess of price a person is to pay rather than forego the consumption of the commodity is called
- Question 46 of 50
46. Question
The existence of a parallel economy or Black Money
- Question 47 of 50
47. Question
Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states?
- Question 48 of 50
48. Question
Census of population in India is done after every
- Question 49 of 50
49. Question
When the price of a commodity falls, we can expect
- Question 50 of 50
50. Question
According to the Suresh Tendulkar Committee which came out with fresh data on poverty, the Below Poverty Line (BPL) number is now