NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Economics MCQs (Practice_Test 84 of 122)
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- Which one of the following statements is correct? Crowding out in an economy can be avoided if
- government finances its expenditure by new money supply
- government finances its expenditure by taxes
- government finances its expenditure by buying outstanding bonds
- government finances its expenditure by raising cash reserve ratio
- Which one of the following statements is correct? According to Sayีs law of market
- demand creates its own supply
- supply creates its own demand
- demand and supply are always equal
- demand and supply are never equal
- Which one of the following statements in respect of the National Income Accounting is correct?
- Budget deficit is equal to savingsinvestment gap
- Budget deficit is more than savingsinvestment gap
- Budget deficit is less than savingsinvestment gap
- Budget deficit is always zero
- Which of the following is/are included in National Income Accounting?
- Purchase of shares and bonds.
- Value of residential investment.
- Value of production for self consumption.
- Value of intermediate goods.
- Select the correct answer by using the codes given below:
- 1 and 2
- 2 only
- 2 and 3
- 3 and 4
- Consider the following statements
- The equilibrium between the aggregate demand and aggregate supply may take place at a point of less-than-full employment in an economy.
- The size of deficient demand is inversely proportional to the deflationary gap.
- Which of the statements given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
- Among the items of export of agricultural and allied products from India during the year 2005 โ 06, which one of the following was the highest in the value terms?
- Tea
- Coffee
- Rice
- Marine products
- Consider the following important sources of tax revenue for the Central Government
- Corporation tax
- Taxes on income other than corporation tax
- Union excise duties
- Service tax
- Which one of the following is the correct order of the aforesaid taxes in descending order in terms of their yield as proposed in the Union Budget 2006 โ 07?
- 1 โ 2 โ 3 โ 4
- 1 โ 3 โ 2 โ 4
- 2 โ 3 โ 1 โ 4
- 4 โ 2 โ 3 โ 1
- The Twelfth Finance Commission has recommended States share in the divisible pool of taxes at what percentage?
- 26.5 percent
- 28.5 percent
- 29.5 percent
- 30.5 percent
- Consider the following statements about the National Agricultural Insurance Scheme (NATS) :
- The scheme has been implemented from Rabi 1999 โ 2000 season.
- The scheme is available to non-loanee farmers only.
- Which of the statements given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
- Which category of the target groups is not included in the SHG bank linkage programme for micro-finance to agriculture?
- Unemployed non-agricultural labourers
- Agricultural and non-agricultural labourers
- Small and marginal farmers
- Artisans and craftsmen
- Consider the following components of money supply in India
- Currency in circulation.
- Bankerีs deposits with the RBI.
- Other deposits with the RBI
- Demand deposits of banks
- Which of the above are the components of
- Reserve Money?
- 1 and 3
- 1,2 and 3
- 1,2 and 4
- 2,3 and 4
- Reserve Money?
- Which one of the following is the correct expression for the actual rate of growth (g) (Where s = the ratio of saving to income c = actual incremental capital-output ratio) ?
- g = s/c
- g = s x c
- g = s + c
- g = se
- Inverted-U hypothesis of Kuznets is associated with movement of which one of the following?
- Consumption inequality
- Wealth inequality
- Income inequality
- Tax inequality
- Consider the following statements for Indian Millennium Deposits (IMDs) scheme.
- The scheme was launched by the Reserve Bank of India.
- It was intended for NRIs and resident Indians both.
- The tenure of IMDs was 5 years.
- Which of the statements given above is/are correct?
- 3 only
- 2 only
- 1 and 2
- 2 and 3
- Assertion (A) : An oligopolist faces demand curve which has a kink at the level of the prevailing price.
- Reason (R) : The segment of the demand curve above the prevailing price level or kink is highly inelastic and the segment of the demand curve below the prevailing price level is elastic.
- Codes:
- Both A and R are individually true and R is the correct explanation of A
- Both A and R are individually true but R is not the correct explanation of A
- A is true but R is false
- A is false but R is true