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Production function expresses
Which one of the following is not a characteristic of the population of a developed country?
Which plan gave emphasis on removal of poverty for the first time?
GDP at Factor Cost is
“Interest is a reward for parting with liquidity” is according to
Extension or contraction of quantity demanded of a commodity is a result of a change in the
Cross elasticity of demand between petrol and car is
‘Supply creates its own demand’. This statement is related to
FERA in India has been replaced by
National Income Estimates in India are prepared by
The term ‘Mixed Economy’ denotes
The Law of Demand expresses
A situation where we have people whose level of income is not sufficient to meet the minimum consumption expenditure is considered as
Full convertibility of a rupee means
India is called a mixed economy because of the existence of1. Public Sector2. Private Sector3. Joint Sector4. Cooperative Sector
the present Indian monetary system is based on
Gross Domestic Product is defined as the value of all
An exceptional demand curve is one that moves
Production function explains the relationship between
The Draft of the Five Year Plans in India is approved by the
The term stagflation refers to a situation where
If two commodities are complements, then their cross-price elasticity is
Opportunity cost of production of a commodity is
Surplus earned by a factor other than land in the short period of referred to as
Who is the Ex-officio Chairman of the Niti Aayog?
Which from the following is not true when the interest rate in the economy goes up?
Which one of the following is not a method of measurement of National Income?
Labour Intensive Technique would get chosen in a
Which one of the following would not constitute an economic activity?
Net National Product of a country is
Formalised system of trading agreements with groups of countries is known as
Which one of the following is not a method of estimating National Income?
The monetary policy is India is formulated by
A short-term government security paper is called
Under which market condition do firms have excess capacity?
Price theory is also known as
National Income is the
The exchange of commodities between two countries is referred as
A want becomes a demand only when It is backed by the
The terms “Micro Economics” and “Macro Economics” were coined by
During periods of inflation, tax rates should
Which is the biggest tax paying sector in India?
“Economics is what it ought to be” – This statement refers to
The excess of price a person is to pay rather than forego the consumption of the commodity is called
The existence of a parallel economy or Black Money
Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states?
Census of population in India is done after every
When the price of a commodity falls, we can expect
According to the Suresh Tendulkar Committee which came out with fresh data on poverty, the Below Poverty Line (BPL) number is now