Question:

In question No. 348. What is the equilibrium quantity of demand and supply

A.

2525

B.

2600

C.

2650

D.

2725

Answer» b. 2600

Question:

Oligopoly market is known for ……………..

A.

Price flexibility

B.

Price rigidity

C.

Price discrimination

D.

All the three

Answer» b. Price rigidity

Question:

General equilibrium analysis refers to

A.

Behaviour of individual economic decision making units and individual markets in isolation

B.

Behaviour of all the individual decision making units and market viewed in totality

C.

Both ; (d)

D.

none

Answer» b. Behaviour of all the individual decision making units and market viewed in totality

Question:

Assuming consumption C= `45000, Investment I= `1000, Government Purchase G= `1200, Exports=`450, Depreciation = `600, and Indirect Tax= `500, then GDP will be

A.

`5900

B.

`6600

C.

`6000

D.

`5100

Answer» b. `6600

Question:

Which of these are outside the domain of macro economics

A.

Consumer behavior

B.

National income

C.

Economic growth

D.

Balance of payment and trade

Answer» a. Consumer behavior

Question:

True value added

A.

value added-depreciation

B.

Value added – depreciation – tax

C.

Value added – interest – tax

D.

Value added – depreciation-interest

Answer» a. value added-depreciation

Question:

CRR is used to

A.

Combat inflation

B.

Check black money

C.

Check tax evasion

D.

All the three

Answer» a. Combat inflation

Question:

Which of the following equation is correct?

A.

GNP=GDP+Net factor income from abroad

B.

GNP=GDP+Gross factor income from abroad

C.

GNP=GDP-Net factor income from abroad

D.

GNP=GDP-Gross factor income from abroad

Answer» a. GNP=GDP+Net factor income from abroad

Question:

Which of these resources would be called as land in economics

A.

Coal mines of Bihar

B.

Water resources of Uttaranchal

C.

Mineral deposits of Jharkhand

D.

All the three

Answer» d. All the three

Question:

If Nominal GDP is 11% and Real GDP is 6%, then the difference of 5% represent

A.

Depreciation

B.

Rate of inflation

C.

Rate of interest

D.

Tax burden

Answer» b. Rate of inflation