NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Economics MCQs (Practice_Test 101 of 122)
Get unlimited access to the best preparation resource for competitive exams : get questions, notes, tests, video lectures and more- for all subjects of your exam.
- Devaluation works better if
- it is accompanied by a decline in short term interest rates
- foreign demand for the devaluing country՚s exports is price elastic
- the devaluing country՚s demand for imports is inelastic
- devaluation raised the price of exports
- In the initial stages of development, population explosion occurs primarily due to
- a sharp increase in birth rate
- a sharp decrease in death rate
- a fall in both birth and death rates
- increases rate of immigration
- The empirical evidence testifies that as an economy develops the percentage share of the primary sector in the national income.
- increases
- remains constant
- decreases
- decrease initially and then increases
- Dualism in development economics refers to
- dual price policy
- co-existence of modern and traditional sectors
- co-existence of private and public sectors
- Co-existence of institutional and noninstitutional agencies
- Prebisch-Singer thesis enunciates that an important factor inhibiting the growth of developing countries has been
- the secular deterioration in terms of trade experienced by them in commodity trade
- high population growth rate
- lack of effective demand in the domestic economy
- low rate of domestic saving and investment
- Calculating the size of gaps as per Chenery՚s two gap model, what will be the ‘savings gap’ if the target growth rate of national real income in 6 percent, the capital out put ratio is 3: 1, the marginal saving rate is 13 percent and the initial savings ratio is also 13 percent?
- 7%
- 6%
- 5%
- 4%
- In the keynesian system, all fall in money wage rate will lead to:
- an increase in employment
- a decrease in the price level
- an increase in the interest rate
- a decrease in the quantity of money
- Phillips curve shows the relation between the
- percentage of wage increase and the percentage of unemployment of economy՚s labour force
- percentage of wage increase and the percentage of increased employment of economy՚s labour force
- percentage of price change and the percentage of change in income
- percentage of price change and the percentage of change in demand.
- In the Ricardian model, a higher growth rate of accumulation will.
- postpone the stationary state
- hasten the stationary state
- reduce the population growth rate
- cause increasing returns to emerge
- If a tax system collects ₹ 100 from individuals with income of ₹ 1000 and ₹ 150 from individuals with income of ₹ 2000, the tax system is said to be
- regressive
- progressive
- proportional
- none of the above
- The real value of tax on a given level of real income under progressive income taxation
- rises under inflation
- decreases under inflation
- remains unchanged under inflation
- rises under depression
- Mahalanobis plan model adopted in India in the fifties aimed at:
- building a strong defence industry base
- setting up heavy industries which were capital intensive
- curbing inflation in the economy
- removing unemployment without short
- The selective regional planning approach aim at
- selecting specific regions in a country for optimum development
- providing equal investment in selected regions
- equal development rates for all regions in selected sectors
- deliberate unequal development rates for the different regions of the economy
- Of the following states, per capita net state domestic product in India during 1988 − 89 (current prices) was the highest in
- Liquidity trap refers to
- Punjab
- Kerala
- Haryana
- Nagaland