EDUCATION CIRCLE

1.Law of demand which describe the  relation  bw Price and ...... a.Demand change b.Quantity Demand change c.Quantity Demand✔ d.1&2 2.What is income elasticity for inferior goods ? a.Ey>1 b.Ey<1✔ c.Ey= d.1or 2 3.What is income elasticity for Necessary goods ? a.Ey>1 b.Ey<1✔ c.Ey= d.1or 2 5.What is income elasticity for luxury  goods ? a.Ey>1✔ b.Ey<1 c.Ey= d. 1or 2 6.Chamberlin has introduced ______________ models of equilibrium in monopolistic competition. a. one b. two c. three✔ d.four 7. Chamberlin has introduced a second demand curve named as _________________. a. Individual demand curve b. planned sales surve c. actual sales curve✔ d. All of the above 8.The actual sales curve or second demand curve is derived by the locus of points of shifting ________________ as competitors change their prices. a. individual demand curve✔ b. Marginal cost c. Both a & b d. None of the above 9.the individual demand

DISTRICT INDUSTRY CENTRE (DIC) programme was started by the central government in 1978 with the objective of providing a focal point for promoting small, tiny, cottage and village industries in a particular area and to make available to them all necessary services and facilities at one place. The finances for setting up DICs in a state are contributed equally by the particular state government and the central government. To facilitate the process of small enterprise development, DICs have been entrusted with most of the administrative and financial powers.  Activities of District Industries Centre :- i. Economic Investigation ii. Plant and Machinery iii. Research, education and training iv. Raw materials v. Credit facilities vi. Marketing assistance vii. Cottage industries Objectives of District Industries Centre:- i. Accelerate the overall efforts for industrialisation of the district. ii. Rural industrialisation and development of rural industries and hand

                       1. नरसिम्हन समिति (1991): बैंकिंग क्षेत्र सुधार 2.पारेख समिति: इन्फ्रास्ट्रक्चर फाइनेंसिंग 3. पर्सी मिस्त्री समिति: मुंबई को अंतर्राष्ट्रीय वित्तीय केंद्र बनाना 4. पी. जे. नायक समिति: बैंकों के बोर्ड के शासन का मूल्यांकन करने और निदेशकों, साथ ही साथ उनके कार्यकाल का चयन करने के लिए मानदंडों की जांच करना 5. प्रसाद पैनल: अंतर्राष्ट्रीय व्यापार और सेवाएँ 6. आर. वी. गुप्ता समिति: लघु बचत 7. राजा चेल्या समिति: कर सुधार 8. रेखी समिति: अप्रत्यक्ष कर 9. आर.वी. गुप्ता समिति: कृषि ऋण 10. एस. पी. तलवार समिति: कमजोर सार्वजनिक क्षेत्र के बैंक का पुनर्गठन 11. सुरेश तेंदुलकर समिति: गरीबी रेखा को पुनर्परिभाषित करना और उसकी गणना सूत्र 12. सप्त ऋषि समिति (जुलाई 2002): घरेलू चाय उद्योग का विकास 13. शाह समिति: गैर बैंकिंग वित्तीय कंपनियों (NFBCs) से संबंधित सुधार 14. शिवरामन समिति (1979): नाबार्ड की स्थापना 15. एस.एन. वर्मा समिति (1999): वाणिज्यिक बैंकों का पुनर्गठन 16. स्वामीनाथन आयोग (2004): किसानों के सामने आने वाली समस्याओं का पता लगाना 17. सुखमय चक्रवर्ती स

1.Which of the following is the better role of Neo classical welfare economist ?                     A.Pigue>Marshal >Cannon    B.Marshal>Cannon>  Pigue    C.Marshal>Pigue> Cannon✔         D.Marshal >Cannon >Redar 2. Which is not correct in Neo-Classical welfare Economics ?    A.Consumer Surplus          B.National Income          C.Distribution Of income      D.Cause and Effect✔ 3.For the production function  Q=A.L^a.K^b the marginal rate of substitution of capital For labour is given by :-                  A.a/L . L/b                         B.a/b . K/L  ✔                     C.b/a .L/K                      D.K/a.L/b 4.For the production function  Q=A.L^a.K^b the marginal rate of substitution of Labour For Capital is given by :-                A.a/L . L/b                         B.a/b . K/L                       C.b/a .L/K   ✔                      D.K/a . L/b 5.In the choice of technique,the conflict bw employment & saving the level of empl

Fiscal Responsibility Budget  1.Fiscal responsibility budget management act was enacted in 2003. 2.Its establishment was recommended by yaswant sinha commite. 3.Its objective is to reduce fiscal deficit and eliminate primery deficit by 2008-2009. 4.Bring down the fiscal deficit to 3% by 2008. 5.Objective is to move towards balance budget multiplier. 6.Targets of FRBM ACT A.Revenue deficit:-  Date of elimination - 31 march 2009  Postponed from 2008 Minimum annual reduction - 0.5 % of GDP B. Fiscal deficit:- Ceiling - 3% of GDP by march 2008  Minimum annual reduction - 0.3 % of GDP C.Total Debt -  9% of GDP  Target increased from original 6 % requirement in 2004 2005  Annual reduction - 1% of GDP In 2016 N.K.Singh took the review of FRBM ACT and their targets are following:- a.Toreduce fiscal deficit  * 3% down to 2020 * 2.8% down to 2020 - 2021 * 2.5 % of GDP by 2023 High GST mopup may take goverment closer to fiscal deficit target to reduce 3