Question:

Based on the data given in question No. 401.NDP at FC

A.

86,430

B.

87000

C.

84990

D.

88000

Answer» c. 84990

Question:

Which is the apex bank for agricultural credit in India?

A.

RBI

B.

SIDBI

C.

NABARD

D.

IDBI

Answer» c. NABARD

Question:

If RBI sucks excess money into circulation this will effect

A.

M1

B.

M2

C.

Both

D.

None

Answer» c. Both

Question:

Average Revenue of a monopolist firm is

A.

Always more than the Marginal revenue

B.

Always less than the Marginal revenue

C.

Equal to marginal revenue

D.

Any of the above three possible

Answer» a. Always more than the Marginal revenue

Question:

Economic resources are

A.

Unlimited

B.

Limited in supply and use

C.

Limited in supply but have alternative uses

D.

Unproductive

Answer» c. Limited in supply but have alternative uses

Question:

In a competitive market ……………….. is the price taker

A.

Firm

B.

Industry

C.

Consumer

D.

Trade association

Answer» a. Firm

Question:

Scarcity of resources means

A.

Limited resources

B.

Non – esxistence of resources

C.

Both

D.

None

Answer» a. Limited resources

Question:

………………… is the personal income minus personal income tax and miscellaneous receipts ofGovernment administrative departments.

A.

Surplus income

B.

Disposal income

C.

Expendable income

D.

Residual income

Answer» b. Disposal income

Question:

Normative economic theory deals with

A.

What is or how the economic problem facing the society are solved

B.

How the problem should be solved

C.

What to Produce

D.

How to produce

Answer» b. How the problem should be solved

Question:

The term “ Micro” is derived from the …….word which means……..

A.

Latin, small

B.

Greek, small

C.

English, tiny

D.

Roman, small

Answer» b. Greek, small