Q. Social Welfare Function is assumed--
1 Hypothetically
2 Empirically
3 Axiomatically
4 Theoretically
Ans: 1
Q. In the classical theory, an increase in money supply leads to -
1 Decrease in price level
2 Increase in price level
3 Decrease in investment
4 Increase in savings
Ans: 2
Q. The demand for labour by a firm is a derived demand because it depends upon -
1 The demand for goods and services that labour helps to produce
2 Thee degree of substitution between labour and other factors of production
3 The demand for other factors of production
4 The elasticity of demand for labour
Ans: 1
Q. One amongst the following takes the decision about the monetary Policy of India-
1 Finance Minister of India
2 Reserve Bank of India
3 Prime Minister of India
4 International Monetary Fund
Ans: 2
Q. Centers located in Gujarat , Bengal, Deccan and Tamil Country during the Gupta period were associated with which of the following:
1 Textile Manufacture
2 Gems and precious stones
3 Handicrafts
4 Opium cultivation
Ans: 1
Q. During the first half of 2010-2011, which of the indirect tax registered the maximum growth?
1 Excise Duty
2 Custom Duty
3 Service tax
4 All show almost same growth
Ans: 2
Q. As on November 2,2010 which of the following key rate of RBI is the highest among all?
1 Repo Rate
2 Reserve Repo Rate
3 Bank Rate
4 Cash Reserve Ratio
Ans: 1
Q. What type of Products does CACP recommend minimum support price for?
1 Industrial Products
2 Agricultural Products
3 Pharmaceutical Products
4 None of the above
Ans: 2
Q. The proportion of labour in GNP (Gross National Product) becomes low due to the following reasons -
1 Price lag behind wages
2 Profit lags behind prices
3 Prices lag behind profit
4 Wages lag behind price
Ans: 4
Q. Land Development Banks form part of -
1 Commercial Banks
2 IDBI
3 FCI
4 Cooperative Credit Structure
Ans: 4
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