Economics (UGC/NET Paper II & III)
Description: Economics Test 1 | |
Number of Questions: 25 | |
Created by: Saurabh Mittal | |
Tags: Economics Test 1 Incidence and Effects of Taxation Economic Development and Sustainable Development Demand Analysis Measures of Central Tendency Public Revenue Friedman Theory of Production and Costs International Economic Institutions Unemployment Private |
VAT is imposed:
Which group represents the interests of the developing countries?
Which of the following averages is known as 'root-mean square'?
The firms in the modern world, use reserve capacity to:
Tax on inherited properly is an example of:
Taxes raised are credited into
According to Milton Friedman, quantity theory of Money deals with:
Arrange the option having the right chronological order. (i) Formation of WTO (ii) Uruguay Round of GATT (iii) Formation of GATT (iv) Formation of UNCTAD
During the Great Depression:
Funds not belonging to the Government are called
Assertion (A) : Los levels of labour productivity exist underdeveloped countries. Reason (R) It is due to the lack physical capital.
The demand for labour by a firm is a derived demand because it depends upon
For any given individual preferences, which are reflexive transitive and complete, majority rule based social preferences are: (i) Reflexive (ii) Transitive (iii) Complete
Gross Capital Formation percentage of Gross Domestic Products as per Economic Survey in 1995-98 was:
A person who left the job to find another job would be classified as:
Which of the following is not a measure of dispersion?
Items which are of recurring nature are covered under:
An economic union is the most advanced type of economic integration.
High -powered money is produced by:
Assertion (A) : Colin Clark hypothesised that the safe upper limit of taxation is 25 percent of national income. Reason (R) The excess burden of taxation will be very high if it goes beyond the 25 percent limit.
The IMF was assigned:
Assertion (A): When the IS curve is not vertical, monetary policy cannot change the level of aggregate demand. Reason (R) Monetary policy depends on the existence of some interest-sensitive spending for its success.
The statistical technique used to determine the degree of relationship between two variables is called
Match the following
Group - I | |
Group - II | |
1. Planning for an expanding economy | |
(i) V.K.R.V. Rao economy | |
2. Industrial evolution of India | |
(ii) Dadabhai 'Nauroji' | |
3. Drain theory | |
(iii) D.R Gadgil | |
4. India's National income | |
(iv) Vakil and Brahmanand | |
Match the following:
1. Foreign Trade Policy | |
(i) Minimum Support Prices | |
2. Industrial Policy | |
(ii) Balanced Budget | |
3. Agricultural Policy | |
(iii) Marginal Utility | |
4. Fiscal Policy | |
(iv) FEMA | |
(v) Exim Policy | |