MIXED MCQs 2

1.Fiscal Policy is connected with?
A. exports and imports
B. Issue of currency
C. public reven ue and expenditure
D. None of these
Ans c

2.If a five percent change in price causes a five percent reduction in quantity demanded then demand is:
A).perfectly elastic.       B).elastic.
C).unitary elastic.          D).inelastic.
Ans c

3.Which Five year plan in India had ‘poverty alleviation’ as one of its objectives?
A. First five year plan
B. Third five year plan
C. Fifth five year plan
D. Seventh five year plan
Ans c

 4.The credit of developing the concept of modern economic growth goes to:

A. Arthur Lewis
B. Michael P. Todaro
C. Gunnar Mydral
D. Simon Kuznets
 Ans D

5. countries are the slums of the world Economy.” This statement is by

A. Ragnar Nurkse
B. A.N. Caimcross
C. Colin Clark
D. Jagdish Bhagwati
 Ans B

6.Planning from below’ is known as:

A. Centralized planning
B. Functional planning
C. Decentralized planning
D. Structural planning
Ans d

7 .When does Unemployment situation develop?
1.decrese in efeective demand
2.constant in effective demand
3.increse in effective demand
4.None
Ans 1

8. An additional investment of SR 50 billion in the Indian economy creates how much
additional income if the marginal propensity to consume (mpc) is equal to 0.5?
A. SR 25 billion;
B. SR 50 billion;
C. SR 100 billion;
D. SR 150 billion.
Ans c

 9.What's called below area of good's demand curve?
1.marginal utility
2.total utility
3.cunsumer surplus
4.producer surplus
Ans 1

 10.What's called upper area of demand & supply curve?
1.marginal utility
2.total utility
3.producer surplus
4.None
Ans 4

 11.If a producer  is ready to sacrifice 4  unit capital for getting one labour then MRTS(LK) will be...
1.4
2.1/4
3.1/2
4.2
Ans 1

12. On Which parameter is the any economy measured as well being?
1.Nominal GDP
2.Real GDP
3.Both
4.None
Ans 2

 13.Which Base is India's GDP rank 6?
1.Nominal
2.Real
3.combination of both
4.None
 Ans 1

14.cross elasity is....
1.positive
2.negative
3.constant
4.None
Ans 1

15.which is/are working under financial sector :
1.BANK
2.IRDA
3.PFRDA
4.SEBI
CODE:
A.1,2&3
B.1,2,3&4
C.1&4
D.NONE
Ans c

16.Downward Demand curve denotes :
1.incresing demand
2.decresing price
3.constant
4.none
 Ans None

17.How many  public sector Bank in India at present?
1.26
2.27
3.19
4.21
Ans 4

18.IF C=20+0.25y,I=10,G=50
Tax=3y than income equilibrium?
1.160
2.250
3.400
4.None
Ans 1

19.capital creation concept was given by
1.kujenets
2.mehata
3.mirdle
4.smith
 Ans 1

20.international comparative cost theory related to :
1.smith
2.recardo
3.ohlin
4.None
Ans 2