NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Economics MCQs (Practice_Test 98 of 122)
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- Who among the following developed the wage-goods model?
- M. Dobb
- A. K. Sen
- Vakil and Brahmananda
- P C Mahalanobis
- Match List-I with List-II and select the correct answer using the code given below the lists:
Table Supporting: NET, IAS, State-SET (KSET, WBSET, MPSET, Etc.) , GATE, CUET, Olympiads Etc. : Economics MCQs (Practice_Test 98 of 122) List-I (Concept) List-II (Explanation) - Vicious circle of poverty
- Balanced growth
- Big push
- Massive increase in investment to initiate economic development in LDCs
- A stagnant low level of investment
- Simultaneous investment in all interrelated industries
- A
- B
- C
- 2
- 3
- 1
- 1
- 2
- 3
- 2
- 1
- 3
- 1
- 3
- 2
- Which one of the following statements is correct? According to the classical economists, the existence of unemployment at any time is only of temporary nature and can be considered as
- structural unemployment
- cyclical unemployment
- frictional unemployment
- disguised unemployment
- Which one of the following statements is correct? Creeping inflation is a situation in which the rate at which price level rises is
- very high
- high
- moderately high
- slow
- Which of the following groups are adversely affected by inflation?
- Wage earners in the informal sector
- Profit earners
- Salary earners with salaries indexed to inflation
- Pensioners with fixed pensions
- Select the correct answer using the code given below:
- 1 and 2
- 3 and 4
- 1 and 4
- 2 and 3
- The shift in the SS curve to S ′ s ′ is due to an imposition of a tax. Which of the following areas in the diagram shows excess burden of the tax?
- ODD
- SDA
- FGA
- CAD
- Which one of the following is a source of non-tax revenue for governments?
- Import duty on cars
- Octroi at check points on roads
- Entrance fee to museums
- Excise duty on beverages
- The Laffer Curve explains the relationship between which of the following?
- Tax rates and tax revenue
- Tax rates and employment
- Tax rates and income
- Tax rates and government expenditure
- What does an increase in the ratio of revenue deficit to gross fiscal deficit indicate?
- An increase in investment
- An increase in the utilization of borrowed funds for revenue purposes
- An increase in the utilization of borrowed funds for imports
- An increase in the utilization of borrowed funds for leading
- If in a year, the gross fiscal deficit of a government is ₹ 3,00, 000 crores, revenue deficit is ₹ 1,50, 000 crores and interest payments are ₹ 80,000 crores, what is the primary deficit of the government in the year?
- ₹ 23,000 crores
- ₹ 45,000 crores
- ₹ 70,000 crores
- ₹ 2,20, 000 crores
- What s the technical progress that increases the productivity of labour (L) proportionately more than the productivity of capital (K) and results in an increase in L/K at constant relative factor prices, called?
- Labour-saving technical progress
- Neutral technical progress
- Wage-saving technical progress
- Capital-saving technical progress
- Which of the following may not be considered as a merit of the opportunity cost theory over the Ricardiart theory of comparative cost?
- It takes into account two or more factors of production instead of labour theory of value.
- It takes into account the possibilities of trade under all the laws of production, instead of constant costs only as in the Ricardian theory
- The theory provides a theoretical framework for general equilibrium approach
- The theory considers the welfare point of view neglected by the Ricardian theory
- Which one of the following statements is correct? The Heckscher-Ohlin theory states that the most important cause of trade is the difference in
- preferences
- technology
- magnitude
- factor endowments
- Which one of the following statements is correct? The Leontief Paradox makes
- a critical analysis of Haberler՚s theory of opportunity cost
- an empirical study of factor-price equalization theory of Samuelson
- an empirical testing of Mills theory of reciprocal demand
- an empirical testing of Heckscher
- Ohlin theory of international trade
- What is the ratio between the price of a country՚s export goods and price of its import goods known as?
- Single factoral terms of trade
- Double factoral terms of trade
- Net barter terms of trade
- Income terms of trade