NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Economics MCQs (Practice_Test 69 of 122)
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- The average annual a rate of growth in agriculture during the Ninth Five Year Plan was approximately.
- 18%
- 2.1%
- 3.2%
- 4.6%
- Consider the following statements: Marginal utility analysis of demand
- assumes that utility is cardinally measurable
- Assumes that utilities are interdependent
- assumes that marginal utility of money is not constant
- Which of the statements given above is⟋are correct?
- 1 only
- 1 and 2
- 2 and 3
- 1 and 3
- consider the following statements about the natural unemployment rate:
- Long-run Phillips curve is vertical at the natural unemployment rate
- At the natural rate of unemployment, the actual rate of inflation is not stable
- Which of the statements given above is⟋are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
- Assertion (A) : The classical theory of comparative advantage given an answer to the question: What products will be exported and imported, at what pric3es, and who will gain from the trade? but its is not a complete and realistic theory of international trade.
- Reason (R) : The tastes, factor endowments and technology change over time. All these changes render the classical theory unrealistic.
- 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
- Assertion (A) : Consumption in the current year does not fall proportionately as income of the people falls from the previous peak level.
- Reason (R) : People try to maintain in general, their consumption levels to which they are used to in the past.
- 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
- Assertion (A) : Pessimistic attitude of the investors will reduce the planned investment at each interest rate.
- Reason (R) : Investment plans are affected by the expectations of future profit.
- 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
- Assertion (A) : In the early phase of development, labour migration from rural areas to the urban areas occurs on large areas.
- Reason (R) : The migration is due to the disparity of the earning capacity of an individual in the rural and urban areas.
- 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
- Assertion (A) : Neo-classical growth theory always insists upon full employments stability.
- Reason (R) : Substitution between labour and capital makes this stability possible.
- 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
- Assertion (A) : The main object of economic policy under the Gold Standard was to keep the balance of payments in equilibrium.
- Reason (R) : Gold Standard had no mechanism for adjustment.
- 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
- Near money is defined as an
- asset which is not usable as a medium of exchange but has a store of value
- asset that serves as a temporary medium of exchange but has store of value
- Asset which adequately fulfils the store of a value function and is readily convertible into a medium of exchange but is not itself a medium of exchange
- asset which has a store of value and 100% liquidity
- Which one of the following pairs is correctly matched?
- Match Item 1: Equilibrium interest rate
- Match Item 2: Karl Marx
- Match Item 1: Dynamic theory of profit
- Match Item 2: J B Clark
- Match Item 1: Monopoly Theory of profit
- Match Item 2: Hicks-Hansen Synthesis
- Match Item 1: Theory of surplus value
- Match Item 2: Kalecki
- Under which one of the following conditions, would it not be possible for a monopolist to shift the burden of a tax to the consumer?
- When the supply of the commodity is highly elastic an demand is less elastic
- When the production of the commodity takes place under the low of diminishing returns.
- When marginal revenue equals marginal cost
- When the tax is independent of the size of output, or is a lumpsum tax in the form of a certain percentage of monopoly net revenue.
- Which of the following are the causes of inflation in Indian?
- Low growth of agricultural products
- Increasing non-developmental expenditure
- Increase in money supply
- Increase burden of exports
- Select the correct answer using the codes given below:
- 1,2 and 3
- 3 and 4
- 1 and 4
- 2 and 4
- Match List I (Organizations) with List II (Activities) and select the correct answer using the codes given below:
Table Supporting: NET, IAS, State-SET (KSET, WBSET, MPSET, Etc.) , GATE, CUET, Olympiads Etc. : Economics MCQs (Practice_Test 69 of 122) List-I List-II - World Bank
- IMF
- IDA
- IFC
- Balance of Payments assistance
- Development loans at Commercial rates
- of interest
- Development loans at confessional rates of interest
- A
- B
- C
- D
- 2
- 1
- 4
- 3
- 4
- 3
- 2
- 1
- 2
- 3
- 4
- 1
- 4
- 1
- 2
- 3
- Indicative planning is based on the principle of
- Centralization in operation and execution.
- Decentralization in operation and execution
- Details of sectoral output
- Planning by the people