NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Economics MCQs (Practice_Test 110 of 122)
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- Assuming a declining marginal utility of money schedule, which one of the following principles will call for ‘maximum progression’
- principle of equal absolute sacrifice
- Principle of equal proportional sacrifice
- Principle of equal marginal sacrifice
- none of the above
- In a many person economy with a public and private good. Revenue allocation will be optimal at the point where
- the marginal rate of substitution (MRS) is equal to the marginal rate of transformation (MRS) for each individual considered separately
- the summation of the MRS is equal to the MRT
- the MRS is not equal to the MRT since we are dealing with a public good.
- none of the above conditions obtain.
- If supply is perfectly inelastic, then the short run impact of a specific sales tax would be to shift the tax burden.
- entirely on to the consumers
- entirely on to the producers
- equally between the producers and the
- on to other goods were the supply condition may by more elastic
- Consider the following statements:
- In the context of the classical model loan finance may be a means of transferring the burden to the future generation.
- foreign borrowing permits financing public programmes without placing a burden on the present general
- Foreign borrowing is not burdensome to the future generations even if the funds are used unproductively.
- Of the above statement
- 1 alone is correct
- 1 and 2 are correct
- 2 and 3 are correct
- 1 and 3 are correct
- In the context of the Indian state-wise literacy picture (1991 census) , which one of the following statements is INCORRCT?
- Kerala has the highest male literacy rate.
- Kerala has the highest female literacy rate
- Arunachal Pradesh has the lowest male literacy rate
- Arunachal Pradesh has the lowest female literacy rate.
- The ‘Standing committee of Exports on Population Projects’ has forecast that the Net reproduction Rate will equal unity in India during
- 2001 − 2010
- 2011 − 2020
- 2021 − 2030
- 2031 − 2040
- Which one of the following statements relating to changes in sectoral composition of India՚s GD over 1951 − 91 is correct?
- The share of the primary sector has declined and those of the secondary and tertiary sectors have increased with a greater rise in the share of the latter
- The share of the primary sector has declined and those of the secondary and tertiary sectors have increased, with a greater rise in the share of the former
- There is no substantive change in the relative shares of primary, secondary and tertiary sectors
- The share of primary and secondary sectors have declined and that of the tertiary sector has increased.
- Between 1980 − 81 to 1989 − 90, the highest sectoral growth rate of GDP at factor cost (at 1980 − 81) was in
- manufacturing
- agriculture, forestry and fishery
- banking and insurance
- transport, storage and communication.
- In India the sex-ratio females per thousand males has been less than 100 from 1901 − 1991, with a declining trend The reason for this is
- the biological norm in this matter
- additional risk for women at childbirth
- low socio-economic status of women
- men are physically stronger than women and hence are more in number
- According to the 1991 Census, the genderspecification picture of life expectancy at birth is that:
- Female life expectancy is greater than the of the male
- Male life expectancy is greater than that of the female
- Life expectancy is the same for both male and female
- Data is inconclusive
- Which one of the following statements is correct?
- Female life expectancy is greater than that of the male
- Per capital national income alone is not a good indicator of development because development is a multi dimensional concept having many other important aspects
- per Capital national income and income distribution together are quite adequate to assess development performance.
- Per capital national income is quite adequate as a measure of development, but cannot be used in India because the data is particularly unreliable.
- Which one of the following statements gives the correct picture of general character of Eighth five-year plane
- There is a shift in emphasis from small-scale to large-scale industry, the basic pattern of planning remaining unchanged.
- The aim is to dovetail planning and the market mechanism
- the aim is to dovetail planning and the market mechanism.
- There is no basic shift in character from the Previous plans
- Inter-state inequalities in SDP per capital have
- increase between 1961 − 1971 and decreased between 1971 − 81
- decreased between 1961 − 71 and increase between 1971 − 81
- remained constant in both the decades and increased thereafter
- remained constant in both the decades and decreased thereafter.
- Consider the following statements regarding indicative planning:
- I was followed in USSR
- It was used in France.
- It has been used in all the five year plans of India.
- It is being used in India՚s Eighth five-
- Year plan.
- Of these statements
- 1 and 2 are correct
- 1,2 and 4 are correct
- 2 and 4 are correct
- 2,3 and 4 are correct
- Of these statements
- Match List I with List II and select the correct answers using the codes given below the lists
List-I (5 years plan) | List-II (Character of the plan) |
|
|
- A
- B
- C
- D
- 2
- 4
- 1
- 3
- 1
- 2
- 3
- 4
- 3
- 4
- 2
- 1
- 3
- 4
- 1
- 2