NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Economics MCQs (Practice_Test 70 of 122)
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- A welfare notch is a situation in which there is
- decrease in total income for families when they increase the amount they work.
- increase in total income for families when they increase the amount they work.
- decrease in total income for families when they decrease the amount they work.
- increase in total income for families when they decrease the amount they work.
- During the nineties, which of the following sectors registered highest growth rate in India?
- Agriculture and allied activities
- Manufacturing
- Construction
- Services
- The backlog of unempoyment as a percentage of the labour force in India at the beginning of Tenth Five Year Plane a was
- 14%
- 9%
- 27%
- 3%
- Consider the following two situation:
- Situation 1 has an income tax system
- Situation 2 has an no income tax system
- Then the investment multiplier in situation 2
- becomes smaller
- becomes negative
- becomes larger
- remains unaffected
- According to Milton Friedman՚s Permanent Income Hypothesis, all increases in
- permanent income are saved
- permanent income are consumed
- transitory income are saved
- transitory income are consumed
- A progressive tax system corresponds to
- horizontal equity
- Vertical equity
- Uniform equity
- None of the above three
- Which one of the following statements about foreign Direct Investment (FDI) in India is not correct?
- FDI up to 100 percent permitted under the automatic route in the advertising sector
- FDI is print media sector is allowed up to 26 percent of paid up equity capital of India entities publishing periodicals and newspapers dealing with new and current affairs.
- FDI up to 100 percent is allowed in tea sector including tea plantation, subject to compulsory Indian partner within a period of five years and prior approval of the State government in case of any future land use change.
- FDIup to 100 percent permitted with prior approval of the government for development of integrated township, commercial premises, hotels, resorts and regional level urban infrastructure facilities
- Consider the following statement about Rural Infrastructure Development Fund (RIDF) :
- RIDF was set up in NABARD in 1995 − 96
- It provides loans to State governments and State owned corporations for expeditious completion of on-going rural infrastructure project
- Under its scheme, domestic commercial banks contribute to the Fund on the basis of their shortfall in their lending to the priority sectors⟋agriculture.
- Panchayati institutions are eligible to implement RIDF projects
- Which of the statements given above are correct?
- 1 and 4
- 2,3 and 4
- 1,2 and 3
- 1,2, 3 and 4
- Consider the following statement about Pareto optimality:
- pareto Optimality in an economy is ensured if marginal rate of substitution between two goods is same for all individuals.
- Pareto Optimality is ensured when the marginal rate of technical substitution is equal to input price ratio.
- There is a link between the conditions of attainment of Pareto Optimality and those of attainment of the general equilibrium.
- Pareto Optimality is neutral about income distribution
- Which of the statements given above are correct?
- 1 and 2
- 2 and 3
- 1 and 4
- 3 and 4
- The sum of squares of deviation of a set of values is minimum when deviation is taken about:
- Arithmetic Mean
- Median
- Mode
- harmonic Mean
- If the distribution is positively skewed, then
- Mean > Median > Mode
- Mean < Median < Mode
- Mean < Mode > Median
- Median < Mode < Mean
- Given the following data: No. Of observations = 100 Arithmetic mean = 1000 Variance = 256.0 The co-efficient of variance will be equal to
- 1.6%
- 2.5%
- 3.5%
- 4.5%
- consider the following statements about consumer՚s surplus and public finance:
- Where the consumers are enjoying surplus, there is scope for taxation, for people are willing to pay more
- In the case of constant return, the consumer՚s surplus will be diminished by more than the gross receipts of the State.
- In the case of diminishing return, the gross receipts from the tax may be greater than the resulting loss of consumer՚s surplus.
- In the case of increasing return, a tax will increase consumer՚s surplus more than it brings to the State
- Which of the statements given above is⟋are correct?
- 1 only
- 1,2 and 3
- 2 and 4
- 1,2, 3 and 4
- If the co-efficient of correlation is unity, the relation between the two variables X and Y is
- Y is directly proportional to X
- Y is inversely proportional to X
- Y is equal to X2
- None of the above
- Fisher՚s idea index number satisfies
- Time reversal test only
- Factor reversal test only
- Both time and Factor reversal test
- Circular test only