NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Economics MCQs (Practice_Test 52 of 122)
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- Which one of the following statement is correct in respect of equation of exchange MV = PT?
- If M is double, leaving V and T unaffected, then P must double
- If M is doubled, leaving v unaffected, then P will be halved
- If M and T are doubled, leaving v unaffected, then P will be halved
- If M is doubled, V is halved, laving t unaffected, then P gets multiplied 3 times
- Match List I (name of the Economist) with List II (concept/theory) and select the correct answer:
Table Supporting: NET, IAS, State-SET (KSET, WBSET, MPSET, Etc.) , GATE, CUET, Olympiads Etc. : Economics MCQs (Practice_Test 52 of 122) List-I List-II - A W Phillips
- Findlay Shirras
- J M Keynes
- R S Sayers
- Central Bank
- Trade-off between wage and unemployment rate
- theory of profit
- Taxable capacity
- liquidity trap
- A
- B
- C
- D
- 5
- 4
- 1
- 2
- 2
- 3
- 5
- 1
- 5
- 3
- 1
- 2
- 2
- 4
- 5
- 1
- The Central Bank can decrease the bank credit component of the money supply by
- lowering the cash reserve requirements
- increasing the bank rate
- lowering the bank rate
- buying of government securities by the
- Central Bank
- Which one of the following can be called as an instrument of selective credit control?
- Fixing statutory liquidity requirements
- Variation of bank reserve ratio
- Fixing of margins for lending against specific securities
- Altering discount rate
- Which one of the following represents capital adequacy ratio for commercial Banks?
- Ratio of capital to risk-weighted assets
- Ratio of capital to short-term deposits
- Ratio of capital to non-term deposits
- Ratio of capital to non-performing assets
- Derivative deposit means
- cash deposited in a bank by an employee of a business firm
- deposits created by a commercial Bank out of its borrowings from the RBI.
- cash deposited in a bank by another Commercial Bank
- deposits created by a bank out of its credit provided to the customer of the bank
- Which one of the following is generally regarded as the true index of economic growth?
- An increase in national income at constant prices during a year
- a sustained increase in real per capita income
- an increase in national income at current prices over time
- an increase in national income along with increase in population.
- Marx refers to the concept of organic composition of capital. Which one of the following ratios stands for this (where C is Constant capital, V is variable capital and s is surplus value)
- C V + S
- C V
- () C C + V
- (C V)
- V +
- Which one of the following factors is stressed by Schumpeter in his theory of economic growth?
- Innovations
- Laissez-faire
- population growth
- surplus value
- The ‘Big-push’ strategy of development was first advocated by
- Rosenstein Rodan
- Simon Kuznets
- W A Lewis
- A O Hirschman
- Consider the following statements: The effect of a tariff is to
- raise the domestic price
- reduce consumption
- increase imports
- Which of the above statements are correct?
- 1 and 2
- 2 and 3
- 1 and 3
- 1,2 and 3
- Which one of the following statements is NOT correct?
- Free Trade Area among a group for countries means that they eliminate import tariffs against one another but maintain their original tariff levels against the rest of the world.
- customs Union among a group of countries means that they eliminate import tariffs against one another, coordinated their macro-policies and impose a common tariff wall against the rest of the world.
- In a common market the member countries eliminate import tariffs against one another, allow free mobility of factors between them and maintain a common tariff was against the rest of the world.
- In a Economic Union, the member countries eliminate import tariffs against one another, allow free mobility of factors between them, coordinate their macro-policies and maintain a common tariff wall against the rest of the world
- For a large trading country, optional tariff argument is based on the proposition that a tariff imports
- lowers the country՚s terms of trade
- improves the country՚s terms of trade
- leaves the country՚s terms of trade unchanged
- fails to protect the imports competing industries.
- Suppose, a country has adopted freely floating exchange a system. Then, ceteris paribus, if price level in the country rises lads to a
- rise in the demand for the country՚s currency and currency depreciates
- rise in the demand for country՚s currency and currency appreciates.
- fall in the demand for country՚s currency and currency
- fall in the demand for country՚s currency and currency depreciates
- Which one of the following pairs is NOT correctly matched?
- Match Item 1: MFA
- Match Item 2: Agricultural Free Trade
- Match Item 1: UNCTAD
- Match Item 2: Free Trade Area
- Match Item 1: IMF
- Match Item 2: Balance of Payments Difficulties
- Match Item 1: MFN
- Match Item 2: Direct foreign
Investment