1. The branches of the subject Economics is
2. Who coined the word ‘Macro’?
3. Who is regarded as Father of Modern Macro Economics?
4. Identify the other name for Macro Economics.
5. Macro economics is a study of ___________________.
6. Indicate the contribution of J M Keynes to economics.
7. A steady increase in general price level is termed as_____________
8. Identify the necessity of Economic policies.
9. Indicate the fundamental economic activities of an economy.
10. An economy consists of
11. Identify the economic system where only private ownership of production exists.
12. Economic system representing equality in distribution is _________.
13. Who is referred as ‘Father of Capitalism’?
14. The country following Capitalism is ________________ .
15. Identify The Father of Socialism.
16. An economic system where the economic activities of a nation are done both by the private and public together is termed as_____________.
17. Quantity of a commodity accumulated at a point of time is termed as ____________..
18. Identify the flow variable.
19. Identify the sectors of a Two Sector Model.
20. The Circular Flow Model that represents an open Economy.
21. Every able bodied person who is willing to work at the prevailing wage rate is employed called as ……….
22. Structural unemployment is a feature in a ………..
23. In disguised unemployment, the marginal productivity of labour is …..
24. The main concention of the Classical Economic Theory is ……..
25. J.B. Say is a …………………….
26. According to Keynes, which type of unemployment prevails in capitalist economy ?
29. __________Flexibility brings equality between saving and investment.
30. Per capita income is obtained by dividing the National income by ____________________
31. GNP = __________+ Net factor income from abroad.
32. __________… is deducted from gross value to get the net value.
33. The financial year in India is __________
34. When net factor income from abroad is deducted from NNP, the net value is __________.
35. The value of NNP at production point is called __________
36. The average income of the country is ….
37. The value of national income adjusted for inflation is called ….
38. Which is a flow concept ?
39. PQLI is the indicator of ______________________________
40. The largest proportion of national income comes from __________.
43. National income is measured by using _________ methods.
45. Which is the largest figure?
47. Expenditure method is used to estimate national income in __________
48. Tertiary sector is also called as __________sector
50. ____________________theory is a turning point in the development of modern economic theory.
51. The basic concept used in Keynes Theory of Employment and Income is____________________
52. The component of aggregate demand is ____________________
53. Aggregate supply is equal to ____________________
54. Keynes theory pursues to replace laissez faire by ____________________
55. In Keynes theory of employment and income, __________ is the basic cause of economic depression.
56. Classical theory advocates __________
57. Keynes theory emphasized on __________ equilibrium.
58. According to classical theory, rate of interest is a reward for __________
59. In Keynes theory , the demand for and supply of money are determined by ….
60. Say’s law stressed the operation of …__________in the economy.
61.The average propensity to consume is measured by
62. An increase in the marginal propensity to consume will:
63. If the Keynesian consumption function is C=10+0.8 Y then, and disposable income is �100, what is the average propensity to consume?
64. As national income increases
65. If the Keynesian consumption function is C=10+0.8 Y then, if disposable income is Rs 1000, what is amount of total consumption?
66. If the Keynesian consumption function is C=10+0.8Y then, when disposable income is Rs 100, what is the marginal propensity to consume?
67. As increase in consumption at any given level of income is likely to lead
68. Lower interest rates are likely to :
69. The MPC is equal to :
70. The relationship between total spending on consumption and the total income is the ___________________
71. The sum of the MPC and MPS is _______
72. As income increases, consumption will _________
73. When investment is assumed autonomous the slope of the AD schedule is determined by the _____
74. The multiplier tells us how much __________ changes after a shift in _____
75. The multiplier is calculated as
76. It the MPC is 0.5, the multiplier is ____________
77. In an open economy import _________ the value of the multiplier
78. According to Keynes, investment is a function of the MEC and _____
79. The term super multiplier was first used by
80. The term MEC was introduced by
81. The RBI Headquarters is located at
82. Money is
83. MV stands for
84. Inflation means
85. Paper currency system is managed by the
86. The basic distinction between M1 and M2 is with regard to .
87. Irving Fisher’s Quantity Theory of Money was popularized in
88. __________ inflation results in a serious depreciation of the value of money.
89. __________ inflation occurs when general prices of commodities increases due to increase in production costs such as wages and raw materials.
90. During inflation, who are the gainers?
91. ____________ is a decrease in the rate of inflation.
92. Stagflation combines the rate of inflation with
93. The study of alternating fluctuations in business activity is referred to in Economics as
94. During depression the level of economic activity becomes extremely
95. “Money can be anything that is generally acceptable as a means of exchange and that thesame time acts as a measure and a store of value”, This definition was given by
96. Debit card is an example of
97. Fisher’s Quantity Theory of money is based on the essential function of money as
98. V in MV = PT equation stands for
99. When prices rise slowly, we call it
100. ___________ inflation is in no way dangerous to the economy.
101. A Bank is a
102. A Commercial Bank is an institutions that provides services
103. NBFI does not have.
104. Central bank is --------------- authority of any country.
105. The Functions of commercial banks are broadly classified into
106. Bank credit refers to
107. Credit creation means.
108. Who will act as the banker to the Government of India?
109. Lender of the last resort is one of the functions of.
110. Bank Rate means.
111. Repo Rate means.
112. Moral suasion refers.
113. ARDC started functioning from
114. NABARD was set up in.
115. EXIM bank was established in.
116. The State Financial Corporation Act was passed by
117. Monetary policy his formulated by.
118. Online Banking is also known as.
119. Expansions of ATM.
120. 2016 Demonetization of currency includes denominations of
121. Trade between two countries is known as ____________________.trade
122. Which of the following factors influence trade?
123. International trade differs domestic trade because of from
124. Which of the following is a modern theory of international trade?
125. Exchange rates are determined in
126. Exchange rate for currencies is determined by supply and demand under the system of
127. Net export equals __________
128. In general, a primary reason why nations conduct international trade is because
129. Who among the following enunciated the concept of single factoral terms of trade?
130. Terms of Trade of a country show ____________________…
131. Favourable trade means value of exports are __________. Than that of imports.
132. If there is an imbalance in the trade balance (more imports than exports), it can be reduced by
133. BOP includes
134. Components of balance of payments of a country includes
135. In the case of BOT
136. Tourism and travel are classified in which of balance of payments accounts?
137. Cyclical disequilibrium in BOP occurs because of
138. Which of the following is not an example of foreign direct investment?
139. Foreign direct investments not permitted in India
140 Benefits of FDI include, theoretically
141. International Monetary Fund was an outcome of
142. International Monetary Fund is having its headquarters at
143. IBRD is otherwise called
144. The other name for Special Drawing Rights is
145. The organization which provides long term loan is
146. Which of the following countries is not a member of SAARC?
147. International Development Association is an affiliate of
148. ---------- relates to patents, copyrights, trade secrets, etc.,
149. The first ministerial meeting of WTO was held at
150. ASEAN meetings are held once in every __________ years
151. Which of the following is not the member of SAARC?
152. SAARC meets once in ----------- years.
153. The headquarters of ASEAN is
154. The term BRIC was coined in
155. ASEAN was created in
156. The Tenth BRICS Summit was held in July 2018 at
157. New Development Bank is associated with
158. Which of the following does not come under ‘Six dialogue partners’ of ASEAN?
159. SAARC Agricultural Information Centre (SAIC) works as a central information institution for agriculture related resources was founded on
160. BENELUX is a form of
161. The modern state is
162. One of the following is NOT a feature of private finance
163. GST is equivalence of
164. The tax possesses the following characteristics
165. Which of the following canons of taxation was not listed by Adam smith?
166. Consider the following statements and identify the correct ones. i. Central government does not have exclusive power to impose tax which is not mentioned in state or concurrent list. ii. The Constitution also provides for transferring certain tax revenues from union list to states.
167. The direct tax has the following merits except
168. Which of the following is a direct tax?
169. Which of the following is not a tax under Union list?
170. “Revenue Receipts” of the Government do not include
171. The difference between revenue expenditure and revenue receipts is
172. The difference between total expenditure and total receipts including loans and other liabilities is called
173.The primary purpose of deficit financing is
174. Deficit budget means
175. Methods of repayment of public debt is
176. Conversion of public debt means exchange of
177. The word budget has been derived from the French word “bougette” which means
178. Which one of the following deficits does not consider borrowing as a receipt?
179. Finance Commission determines
180. Consider the following statements and identify the right ones. i. The finance commission is appointed by the President ii. The tenure of Finance commission is five years
181. The term environment has been derived from a French word-----------
182. The word biotic means environment
183. Ecosystem is smallest unit of
184. Who developed Material Balance Models?
185. In a pure public good, consumption is ----------------
186. One of the most important market failures is caused by -----------
187. The common source of outdoor air pollution is caused by combustion processes from the following---------
188. The major contributor of Carbon monoxide is
189. Environmental goods are -------------
190. Which one of the following causes of global warming?
191. Which of the following is responsible for protecting humans from harmful ultraviolet rays?
192. Global warming also refers to as
193. Which of the following is the anticipated effect of Global warming?
194. The process of nutrient enrichment is termed as
195. Primary cause of Soil pollution is ---------------
196. Which of the following is main cause for deforestation?
197. Electronic waste is commonly referred as ---------
198. Acid rain is one of the consequences of ------------Air pollution
199. Sustainable Development Goals and targets are to be achieved by ------
200. Alkali soils are predominantly located in the ------------ plains?
201. "Redistribution with Growth" became popular sloga]er which approach?
202. The supply side vicious circle of poverty suggests that poor nations remain poor because
203. Which is not the feature of economic growth?
204. Which among the following is a characteristic of underdevelopment?
205. The non-economic determinant of economic development
206. Economic growth measures the --------------
207. Which of the following plan has focused on the agriculture and rural economy?
209. M.N. Roy was associated with --------------------
210. Which of the following country adopts indicative planning?
211. Short-term plan is also known as------------------
212. Long-term plan is also known as --------------------
213. The basic philosophy behind long term planning is to bring----------- changes in the economy?
214. Sarvodaya Plan was advocated by-----------------
215. Planning Commission was set up in the year --------------
216. Who wrote the book ‘The Road to Serfdom’?
217. Perspective plan is also known as ---
218. NITI Aayog is formed through-----------------------
219. Expansion of NITI Aayog?
220. The Chair Person of NITI Aayog is
221. The word ‘statistics’ is used as __________.
222. Who stated that statistics as a science of estimates and probabilities.
223. Sources of secondary data are ___________.
224. The data collected by questionnaires are_____________.
225. A measure of the strength of the linear relationship that exists between two variables is called:
226. If both variables X and Y increase or decrease simultaneously, then the coefficient of correlation will be:
228. The value of the coefficient of correlation r lies between:
229. The term regression was used by:
230. If Y = 2 - 0.2X, then the value of Y intercept is equal to
231. In the regression equation Y = β0 +β1 X, the Y is called:
232. In the regression equation X = β0 +β1 X, the X is called:
233. The purpose of simple linear regression analysis is to:
234. A process by which we estimate the value of dependent variable on the basis of one or more independent variables is called:
235. Econometrics is the integration of
236 . Econometric is the word coined by
238. The term Uiis introduced for the representation of
239. Econometrics is the amalgamation of
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