NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Economics MCQs (Practice_Test 25 of 122)
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- Which one of the following is an example of ‘open market operations’
- sale of gold by Reserve Bank of India of goldsmiths
- Sale of jute by Jute Corporation of India from its stocks to jute mills
- Sale of government securities by the Reserve bank of India to commercial banks and other financial organizations on its own initiative
- Sales of dollar by the Reserve bank of
- India to exchange banks at their request
- The objective of selective credit controls is mainly to
- selectively allocates credit to commercial banks
- selectively allocate credit among borrowers
- regulate the quantity of demand deposits created by commercial banks.
- regulate the quantity of credit created by commercial banks.
- ‘Maximum social welfare’ in public finance is attained when
- marginal disutility of taxation is greater than the marginal utility of public expenditure.
- marginal disutility of taxation is less the an the marginal utility of public expenditure.
- marginal disutility of taxation is equal to marginal utility of public expenditure.
- taxation and public expenditure are the lowest level
- Which of the following pairs are examples of direct tax?
- Income tax and Wealth tax
- Sales tax and Excise duty
- Capital gains tax and corporation tax
- Select the correct answer using the codes given below:
- 1 and 3
- 1 and 2
- 2 and 4
- 2 and 3.
- Consider the following statements Non-plan Revenue Expenditure includes expenditure incurred on
- Interest payment
- Maintenance of capital assets
- flood control
- Of these statements:
- 2 and 3 are correct
- 1 and 2 correct
- 1 and 3 are correct
- 1,2 and 3 are correct
- Consider the following statements: The division of incidence of tax between buyers and sellers is governed by
- elasticity of demand and supply
- cost conditions
- market structure
- cost conditions.
- Of these statements:
- Capital gains means
- increase in the sales on which capital is invested
- increase in the value of the property owned
- gross profit earnings on a capital-asset
- marginal efficiency of capital
- Consider the following statements: A Government may cover up the deflect by
- withdrawing its cash balances from the central bank of the country.
- borrowing from the central bank and commercial banks.
- printing new money.
- Of these statements:
- 1 and 2 are correct
- 1 and 3 are correct
- 2 and 3 are correct
- 1,2 and 3 are correct
- in case a frequency distribution is given by the number of days one is employed, the rate of unemployment by daily status concepts obtained by subtracting
- the mean of the distribution from 1
- the mean from 7
- the means from 7 and multiplying by 100.
- one-seventh of the mean from 1 and multiplying the resultant by 100.
- Suppose that the Principal of a school is interested in knowing the average height of his students numbering 749. He knows it will take a lot of time if he asks a teach to measure everybody՚s height. So if he wants to devices a method which allows him to measure the height of only one student, which one of the following measure (s) would he be able to employ
- mean and mode
- Mean and median
- Mode
- Medium
- If all values of a variable are multiplied by a given number, which one of the following will NOT be affected?
- mean
- median
- range
- coefficient of variation
- Dispersions are NOT calculated about
- mean
- median
- mode
- geometric mean
- The price index that uses base year quantities as weight is called.
- passche՚s index
- Laspeyer՚s index
- fisher՚s ideal index
- wholesale price index
- Consider the scatter given below: The best inference that can be drawn out of this is that
- x and y seem to be correlated
- x and y are positively correlated
- y is caused by x
- x is caused by y
- Statistician Yule had observed a very high correlation of 0.95 between proportion of marriages celebrated in Anglican churches of England and Wales during 1986 − 1911 and the standardized mortality rates during the same period. Yule called this non sence correlation because
- the two phenomena are no important
- the tow phenomena are theoretically not related
- mortality rates have unnecessarily been standardized
- other churches have not been considered