ECONOMICS- PAGE 14
1. In Joan Robinson's model of capital accumulation " a golden age " is characterized by which of the following features :
A. Technical Progress is neutral
B. Population grows at steady rate
C. The rate of profit tends to be variable
D. Level of real wages rises with output per MAN.
Select the correct answer using the codes given below :
1) A, B and C
2) B, C and D
3) A, B and D
4) Only C
Ans: 3
2. Solow builds a model of long run growth on the basis of which of the following assumptions :
A. Labour and Capital are subsitutable for each other
B. There is neutral technical progress
C. Prices and wages are rigid
D. Production function is homoqenous of the first degree
Select the correct answer using the codes given below :
1) A, B and D
2) B, C and D
3) C and D
4) Only D
Ans: 1
3. Kaldor postulates three functions for the operation of model of growth in constant working population they are :
A. Consumption function
B. Technical progress function
C. Saving function
D. Investment function
Select the correct answer using the codes given below :
1) A, B and C
2) B, C and D
3) A, C and D
4) A and B
Ans: 2
4. According to Hicks, a techincal change is neutral if :
1) The ratio of saving and investment remains unchanged at constant marginal propensity to save
2) The ratio of marginal product of capital to that of labour remains unchanged at a constant capital labour ratio
3) The ratio of input to output remains constant
4) The productivity of capital is equal to productivity of labour
Ans: 2
5. Which is incorrect statement of implications of Harrod neutrality is :
1) It is applicable to dynamic situation
2) It is based on relationship between capital and output with no direct reference to labour
3) The share of capital and labour in national output are variable if the capital output ratio and rate of profit are constant
4) Constant capital output ratio implies that capital stock and labour force grow at same rate
Ans: 3
6. The concept of Golden Rule of accumulation was given by :
1) Kendrick 2) Denison 3) Edmund Phelps 4) Jorgenson
Ans: 3
7. The endogenous growth models emphasise that the technical progress result from :
A. Rate of investment
B. Size of the capital stock
C. Stock of human capital
D. Rate of consumption
Select the correct answer using the codes given below :
1) A, B and D
2) A, B and C
3) B, C and D
4) C and D
Ans: 2
8. According to Lucas the factor which plays a crucial determinant in growth process is :
1) Investment in education 2) Investment in infrastructure
3) Investment in new machines 4) Investment in agriculture
Ans: 1
9. Travel Cost method ( TCM ) is mainly applied for determining the :
1) Economic values of sites that are used for recreations 2) Economic values of sites that are used for mining
3) Economic values of land used for agriculture 4) Economic values of sites used for industries establishment
Ans: 1
10. The first economist to introduce the concept of ' learning by doing ' was :
1) Kenneth J. Arrow 2) Joan Robinson 3) Paul M. Romer 4) Robert E. Lucas
Ans: 1
11. Learning Curve shows :
1) Decline in average input cost of production with rising cumulative total output of firm over time
2) Decline in total input cost of production with declining total output of firm over time
3) Decline in marginal input cost of production with rise in total output of firm over time
4) Increase in average input cost of production with rising cumulative total output of firm over time
Ans: 1
12. Limit Pricing refers to :
1) Setting of price equal to average variable cost
2) Existing firms charging a sufficiently low price to discourage entry of other firms into the industry
3) Setting of price equal to average fixed cost
4) Existing firms charging a sufficiently high price to discourage entry of other firms into the industry
Ans: 2
13. Dominant strategy is :
1) The optimal choice of a player no matter what the opponent does.
2) The optimal choice of a player considering what the opponent does
3) All the firms follow the price determined by barometric firm
4) Price leadership by a dominant firm
Ans: 1
14. ' Tit for Tat ' strategy is best for the :
1) Zero sum game 2) Non zero sum game 3) Repeated games 4) Sequential game
Ans: 3
15. The first and simplest general equilibrium model was introduced in 1874 by the economist :
1) Vilfredo Pareto 2) N. Koldor 3) Leon Walras 4) K. J Arrow
Ans: 3
16. The GDP deflator is calculated as follows :
1) ( Nominal GDP / Real GDP ) X 100
2) ( Real GDP / Nominal GDP ) X 100
3) Nominal GDP / Real GDP
4) Real GDP / Nominal GDP जी.डी.पी. (GDP)
Ans: 1
17. The statistical methods used to avoid double counting in calculation of national income are :
A. Value added method
B. Aggregate method
C. Transaction Method
D. Final Product method
Select the correct answer using the codes given below :
1) A and B
2) B and C
3) A and D
4) C and D
Ans: 3
18. In order to derive Personal income from national income, we have to deduct which of the following amounts :
A. Corporate Income Tax
B. Transfer Payment
C. Undistributed corporate Profit
D. Social Security Contribution
Select the correct answer using the codes given below :
1) A, B and D
2) A, C and D
3) B, C and D
4) B and D
Ans: 2
19. The short run factors which affects the marginal efficiency of capital in a private enterprise economy are :
1) Agriculture development
2) State of business confidence
3) Rate of Growth of population
4) Industrial Development
Ans: 2
20. W. J. Baumol Theory of the demand for money states that the relationship between transaction demand for cash and rate of interest is : 1) Direct proportional 2) Linear 3) Direct 4) Inverse
Ans: 4
21. Tobins' approach to the demand for money assumes that :
1) Each investor hold only one asset
2) Diversifies his total wealth by putting partly in bonds and partly in cash
3) The element of uncertainty influences the portfolio decisions of Investors
4) Holding entire income in form of cash involves risk of capital loss
Ans: 2
22. Firm's investment decisions depend on the following ratio, called Tobin's q is as :
1) q = market value of inputs / market value of commodities
2) q = market value of capital stock / replacement cost of capital
3) q = market value of commodities / market value of inputs
4) q = replacement cost of capital / market value of capital stock
Ans: 2
23. ' Hedonic Price ' method of evaluating environmental assets is :
1) Using Linkages between variations in house prices and geographical proximity to an environment asset
2) Using travel cost to estimate value of environmental asset
3) Using shadow prices to estimate value of environmental asset
4) Using nominal prices to value an environmental asset
Ans: 1
24. Upper portion of kinked demand curve will be :
1) Inelastic 2) Elastic 3) Perfectly inelastic 4) Perfectly elastic
Ans: 2
25. Multiplier without time lag between the receipt of income and its disposal in the form of consumption is known as :
1) Instantaneous multiplier 2) Static multiplier 3) Comparative static multiplier 4) Dynamic multiplier
Ans: 1
26. Which of the following is not a assumption of Mundel Flaming model ?
1) Taxes and savings increases with income 2) The balance of trade depends only on income and the exchange rate
3) Supply of domestic output is perfectly elastic 4) Existing exchange rates are expected to persist indefinitely.
Ans: 3
27. Which of the following is not a property of steady state growth ?
1) Substitution between capital and labour is not possible 2) Labour force grows at exponential rate
3) There is no technical progress 4) Capital output ratio is given
Ans: 2
28. ‘Lang factor’ is defined as the ratio of the capital investment to delivered the cost at major equipmens. The value of lang factor for fixed capital investment, for a solid-fluid processing chemical plant ranges from .....
(A) 6.2 to 6.4 (B) 2.5 to 2.7 (C) 1.2 to 1.4 (D) 4.2 to 4.4
Ans: C
29. The ‘total capital investment’ for a chemical process plant comprises of the fixed capital investment and the ....
(A) Working capital (B) Direct production cost (C) Indirect production coast (D) Overhead cost
Ans: A
30. Effective and nominal interest rates are equal, when interest is compounded .....
(A) Monthly (B) Half-yearly (C) Fortnightly (D) Annually
Ans: D
31. A balance sheet for an industrial concern shows ....
(A) Only current assets (B) Only fixed assets
(C) Current & fixed assests both (D) The financial condition at any given time
Ans: D
32. Which one of the following is a component of working capital investment ?
(A) Depreciation (B) Process equipments
(C) Utilities (D) Maintenance and repair inventory
Ans: D
33. Scheduling provides information about ....
(A) Time of starting job and how much work should be completed during a particular period
(B) Time of completion of job
(C) Proper utilisation of machines
(D) To minimise idle time for machines
Ans: A
34. The value of property decreases .......... with time in straight line method of determining depreciation.
(A) Exponentially (B) Logarithmically (C) Linearly (D) Non-linearly
Ans: C
35. In financial accounting of a chemical plant, which of the following relationship is in valid ?
(A) Assets = Capital (B) Total Income = Costs + Profits
(C) Assets = Equities (D) Assets = Liabilities + Networth
Ans: A
36. ‘Six-tenth factor’ rule is used for estimating ....
(A) Utility cost (B) Cost of piping
(C) Equipment installation cost (D) Equipment cost by scaling
Ans: D
37. Which one of the following taxes are based on gross earnings ?
(A) Capital gain (B) Excise
(C) Property (D) Income
Ans: D
38:-The budget was formally introduced in India in:
A:-1857 B:-1860 C:-1909 D:-1919
Ans: B
39:-The source of the Consolidated Fund of India is:
A:-Income Tax B:-Excise Duty C:-Loan's Interest D:-A|| revenue receipts of the Government of India
Ans: D
40:-Who headed the commission on Centre-State relations?
A:-Ashok Mehta B:-R.S. Sarkaria C:-Y.V. Reddy D:-Ba|wanth Rai Mehta
Ans: B
41:-Public Accounts Committee was set up first in India in the year:
A:-1921 B:-1935 C:-1940 D:-1947 Ans: A
42:-|n which part of the constitution of India 'Economic and Social Planning' is included?
A:-Union list B:-State list C:-Concurrent list D:-None of these
Ans: C
43:-The Lok pal and Lok ayuktas Act got presidential assent in the year:
A:-2012 B:-2013 C:-2014 D:-2015 Ans: C
44:-The Indian National Trade Union Congress was formed in the year:
A:-1949 B:-1950 C:-1951 D:-1952 Ans: A
45:-D.B. Thengdi is associated with which trade union?
A:-INTUC B:-CITU C:-AITUC D:-BMS
Ans: D
46:-|n 1975, the constitution of India was amended and section 43A was inserted in the DPSP, Which provides the state to take steps on: A:-Participation of workers in management
B:-|ndustria| Hygiene
C:-Women Safety
D:-Accident benefit for workers
Ans: A
47:-The political head of the general administration department in an Indian state is:
A:-Chief Minister B:-Governor C:-Po|itica| Secretary of CM D:-Home Minister
Ans: A
48:-The Export Credit Guarantee Corporation (ECGC) was set up in India in
A:-January 1964 B:-Apri| 1969 C:-March 1980 D:-January 1972
Ans: A
49:-The mutual funds in India is regulated by
A:-ARDC B:-RBI C:-SEBI D:-NABARD
Ans: C
50:-A tax structure in which the average tax rate declines as the size of the tax base increases is known as
A:-Progressive B:-Regressive C:-Proportiona| D:-Degressive
Ans: B
A. Technical Progress is neutral
B. Population grows at steady rate
C. The rate of profit tends to be variable
D. Level of real wages rises with output per MAN.
Select the correct answer using the codes given below :
1) A, B and C
2) B, C and D
3) A, B and D
4) Only C
Ans: 3
2. Solow builds a model of long run growth on the basis of which of the following assumptions :
A. Labour and Capital are subsitutable for each other
B. There is neutral technical progress
C. Prices and wages are rigid
D. Production function is homoqenous of the first degree
Select the correct answer using the codes given below :
1) A, B and D
2) B, C and D
3) C and D
4) Only D
Ans: 1
3. Kaldor postulates three functions for the operation of model of growth in constant working population they are :
A. Consumption function
B. Technical progress function
C. Saving function
D. Investment function
Select the correct answer using the codes given below :
1) A, B and C
2) B, C and D
3) A, C and D
4) A and B
Ans: 2
4. According to Hicks, a techincal change is neutral if :
1) The ratio of saving and investment remains unchanged at constant marginal propensity to save
2) The ratio of marginal product of capital to that of labour remains unchanged at a constant capital labour ratio
3) The ratio of input to output remains constant
4) The productivity of capital is equal to productivity of labour
Ans: 2
5. Which is incorrect statement of implications of Harrod neutrality is :
1) It is applicable to dynamic situation
2) It is based on relationship between capital and output with no direct reference to labour
3) The share of capital and labour in national output are variable if the capital output ratio and rate of profit are constant
4) Constant capital output ratio implies that capital stock and labour force grow at same rate
Ans: 3
6. The concept of Golden Rule of accumulation was given by :
1) Kendrick 2) Denison 3) Edmund Phelps 4) Jorgenson
Ans: 3
7. The endogenous growth models emphasise that the technical progress result from :
A. Rate of investment
B. Size of the capital stock
C. Stock of human capital
D. Rate of consumption
Select the correct answer using the codes given below :
1) A, B and D
2) A, B and C
3) B, C and D
4) C and D
Ans: 2
8. According to Lucas the factor which plays a crucial determinant in growth process is :
1) Investment in education 2) Investment in infrastructure
3) Investment in new machines 4) Investment in agriculture
Ans: 1
9. Travel Cost method ( TCM ) is mainly applied for determining the :
1) Economic values of sites that are used for recreations 2) Economic values of sites that are used for mining
3) Economic values of land used for agriculture 4) Economic values of sites used for industries establishment
Ans: 1
10. The first economist to introduce the concept of ' learning by doing ' was :
1) Kenneth J. Arrow 2) Joan Robinson 3) Paul M. Romer 4) Robert E. Lucas
Ans: 1
11. Learning Curve shows :
1) Decline in average input cost of production with rising cumulative total output of firm over time
2) Decline in total input cost of production with declining total output of firm over time
3) Decline in marginal input cost of production with rise in total output of firm over time
4) Increase in average input cost of production with rising cumulative total output of firm over time
Ans: 1
12. Limit Pricing refers to :
1) Setting of price equal to average variable cost
2) Existing firms charging a sufficiently low price to discourage entry of other firms into the industry
3) Setting of price equal to average fixed cost
4) Existing firms charging a sufficiently high price to discourage entry of other firms into the industry
Ans: 2
13. Dominant strategy is :
1) The optimal choice of a player no matter what the opponent does.
2) The optimal choice of a player considering what the opponent does
3) All the firms follow the price determined by barometric firm
4) Price leadership by a dominant firm
Ans: 1
14. ' Tit for Tat ' strategy is best for the :
1) Zero sum game 2) Non zero sum game 3) Repeated games 4) Sequential game
Ans: 3
15. The first and simplest general equilibrium model was introduced in 1874 by the economist :
1) Vilfredo Pareto 2) N. Koldor 3) Leon Walras 4) K. J Arrow
Ans: 3
16. The GDP deflator is calculated as follows :
1) ( Nominal GDP / Real GDP ) X 100
2) ( Real GDP / Nominal GDP ) X 100
3) Nominal GDP / Real GDP
4) Real GDP / Nominal GDP जी.डी.पी. (GDP)
Ans: 1
17. The statistical methods used to avoid double counting in calculation of national income are :
A. Value added method
B. Aggregate method
C. Transaction Method
D. Final Product method
Select the correct answer using the codes given below :
1) A and B
2) B and C
3) A and D
4) C and D
Ans: 3
18. In order to derive Personal income from national income, we have to deduct which of the following amounts :
A. Corporate Income Tax
B. Transfer Payment
C. Undistributed corporate Profit
D. Social Security Contribution
Select the correct answer using the codes given below :
1) A, B and D
2) A, C and D
3) B, C and D
4) B and D
Ans: 2
19. The short run factors which affects the marginal efficiency of capital in a private enterprise economy are :
1) Agriculture development
2) State of business confidence
3) Rate of Growth of population
4) Industrial Development
Ans: 2
20. W. J. Baumol Theory of the demand for money states that the relationship between transaction demand for cash and rate of interest is : 1) Direct proportional 2) Linear 3) Direct 4) Inverse
Ans: 4
21. Tobins' approach to the demand for money assumes that :
1) Each investor hold only one asset
2) Diversifies his total wealth by putting partly in bonds and partly in cash
3) The element of uncertainty influences the portfolio decisions of Investors
4) Holding entire income in form of cash involves risk of capital loss
Ans: 2
22. Firm's investment decisions depend on the following ratio, called Tobin's q is as :
1) q = market value of inputs / market value of commodities
2) q = market value of capital stock / replacement cost of capital
3) q = market value of commodities / market value of inputs
4) q = replacement cost of capital / market value of capital stock
Ans: 2
23. ' Hedonic Price ' method of evaluating environmental assets is :
1) Using Linkages between variations in house prices and geographical proximity to an environment asset
2) Using travel cost to estimate value of environmental asset
3) Using shadow prices to estimate value of environmental asset
4) Using nominal prices to value an environmental asset
Ans: 1
24. Upper portion of kinked demand curve will be :
1) Inelastic 2) Elastic 3) Perfectly inelastic 4) Perfectly elastic
Ans: 2
25. Multiplier without time lag between the receipt of income and its disposal in the form of consumption is known as :
1) Instantaneous multiplier 2) Static multiplier 3) Comparative static multiplier 4) Dynamic multiplier
Ans: 1
26. Which of the following is not a assumption of Mundel Flaming model ?
1) Taxes and savings increases with income 2) The balance of trade depends only on income and the exchange rate
3) Supply of domestic output is perfectly elastic 4) Existing exchange rates are expected to persist indefinitely.
Ans: 3
27. Which of the following is not a property of steady state growth ?
1) Substitution between capital and labour is not possible 2) Labour force grows at exponential rate
3) There is no technical progress 4) Capital output ratio is given
Ans: 2
28. ‘Lang factor’ is defined as the ratio of the capital investment to delivered the cost at major equipmens. The value of lang factor for fixed capital investment, for a solid-fluid processing chemical plant ranges from .....
(A) 6.2 to 6.4 (B) 2.5 to 2.7 (C) 1.2 to 1.4 (D) 4.2 to 4.4
Ans: C
29. The ‘total capital investment’ for a chemical process plant comprises of the fixed capital investment and the ....
(A) Working capital (B) Direct production cost (C) Indirect production coast (D) Overhead cost
Ans: A
30. Effective and nominal interest rates are equal, when interest is compounded .....
(A) Monthly (B) Half-yearly (C) Fortnightly (D) Annually
Ans: D
31. A balance sheet for an industrial concern shows ....
(A) Only current assets (B) Only fixed assets
(C) Current & fixed assests both (D) The financial condition at any given time
Ans: D
32. Which one of the following is a component of working capital investment ?
(A) Depreciation (B) Process equipments
(C) Utilities (D) Maintenance and repair inventory
Ans: D
33. Scheduling provides information about ....
(A) Time of starting job and how much work should be completed during a particular period
(B) Time of completion of job
(C) Proper utilisation of machines
(D) To minimise idle time for machines
Ans: A
34. The value of property decreases .......... with time in straight line method of determining depreciation.
(A) Exponentially (B) Logarithmically (C) Linearly (D) Non-linearly
Ans: C
35. In financial accounting of a chemical plant, which of the following relationship is in valid ?
(A) Assets = Capital (B) Total Income = Costs + Profits
(C) Assets = Equities (D) Assets = Liabilities + Networth
Ans: A
36. ‘Six-tenth factor’ rule is used for estimating ....
(A) Utility cost (B) Cost of piping
(C) Equipment installation cost (D) Equipment cost by scaling
Ans: D
37. Which one of the following taxes are based on gross earnings ?
(A) Capital gain (B) Excise
(C) Property (D) Income
Ans: D
38:-The budget was formally introduced in India in:
A:-1857 B:-1860 C:-1909 D:-1919
Ans: B
39:-The source of the Consolidated Fund of India is:
A:-Income Tax B:-Excise Duty C:-Loan's Interest D:-A|| revenue receipts of the Government of India
Ans: D
40:-Who headed the commission on Centre-State relations?
A:-Ashok Mehta B:-R.S. Sarkaria C:-Y.V. Reddy D:-Ba|wanth Rai Mehta
Ans: B
41:-Public Accounts Committee was set up first in India in the year:
A:-1921 B:-1935 C:-1940 D:-1947 Ans: A
42:-|n which part of the constitution of India 'Economic and Social Planning' is included?
A:-Union list B:-State list C:-Concurrent list D:-None of these
Ans: C
43:-The Lok pal and Lok ayuktas Act got presidential assent in the year:
A:-2012 B:-2013 C:-2014 D:-2015 Ans: C
44:-The Indian National Trade Union Congress was formed in the year:
A:-1949 B:-1950 C:-1951 D:-1952 Ans: A
45:-D.B. Thengdi is associated with which trade union?
A:-INTUC B:-CITU C:-AITUC D:-BMS
Ans: D
46:-|n 1975, the constitution of India was amended and section 43A was inserted in the DPSP, Which provides the state to take steps on: A:-Participation of workers in management
B:-|ndustria| Hygiene
C:-Women Safety
D:-Accident benefit for workers
Ans: A
47:-The political head of the general administration department in an Indian state is:
A:-Chief Minister B:-Governor C:-Po|itica| Secretary of CM D:-Home Minister
Ans: A
48:-The Export Credit Guarantee Corporation (ECGC) was set up in India in
A:-January 1964 B:-Apri| 1969 C:-March 1980 D:-January 1972
Ans: A
49:-The mutual funds in India is regulated by
A:-ARDC B:-RBI C:-SEBI D:-NABARD
Ans: C
50:-A tax structure in which the average tax rate declines as the size of the tax base increases is known as
A:-Progressive B:-Regressive C:-Proportiona| D:-Degressive
Ans: B
51:-The highest per capita income during 2018 in Indian state is for
A:-Kera|a B:-Karnataka C:-Bihar D:-Punjab
Ans: D
52:-Human development index was developed by
A:-Mahbub-U|—Haq B:-J.S. Mill C:-Kerensky D:-Ado|ph wagner
Ans: A
53:-The Headquarters of Asian Development Bank is situated in
A:-Japan B:-Mani|a C:-Singapore D:-Hong Kong Ans: B
54:-The state government earn maximum revenue through which taxes
A:-Excise duties B:-Income tax C:-Corporation tax D:-Commercia| Taxes
Ans: D
55:-The first operational special economic zone in India is located at
A:-Ca|cutta B:-Hyderabad C:-Indore D:-Chennai Ans: C
56:-Which one of the following is not a positive check on population growth as propounded by Robert Thomas Malthus
A:-War B:-Starvation C:-Diseases D:-Ce|ibacy Ans: D
57:-The main theory for the declining commodity terms of trade is known as
A:-Prebisch - Singer thesis B:-Ga|braith Model C:-Gur|ey - Shaw thesis D:-Simon - Kuznets thesis
Ans: A
58:-Who is the chairman of Fourteenth Finance commission
A:-K C Pant B:-C. Rangarajan C:-Y.V. Reddy D:-V.L. Kelkar
Ans: C
59:-Economic survey of India is published by
A:-P|anning Commission B:-Ministry of FinanceC:-Nationa| sample Survey D:-Finance Commission
Ans: B
60:-|n terms of GDP what is the target of fiscal deficit of India for Financial year 2019-20
A:-4.1% B:-3.1% C:-3.4% D:-4.4% Ans: C
61:-The father of Community Development Programmes in India is
A:-Ambedkar B:-S.K. Dey C:-Jawahar|a| Nehru D:-Va||abh Bhai Patel
Ans: B
62:-Gadgil formula was used for the objective distribution of
A:-Income tax share to States B:-Grants in Aid to States C:-Loans to States D:-P|an Assistance to States
Ans: D
63:-Fisca| policy in India is formulated by
A:-P|anning Commission B:-Reserve Bank of India C:-Ministry of Finance D:-Finance Commission
Ans: C
64:-The theoretical models of development that focused on the structural transformation of a primarily subsistence economy was formulated by
A:-Ross Levine B:-W. Arthur Lewis C:-J A Robbinson D:-Gunnar Myrdal
Ans: B
65:-|ncome tax is based on the principle of
A:-Abi|ity to pay B:-Benefit C:-Service D:-Property
Ans: A
66:-A continuous disequilibrium in the balance of payments caused by fundamental or long term factors is called
A:-Cyc|ica| Disequilibrium B:-Secu|ar Disequilibrium C:-Structural Disequilibrium D:-Deve|opment Disequilibrium
Ans: B
A:-Kera|a B:-Karnataka C:-Bihar D:-Punjab
Ans: D
52:-Human development index was developed by
A:-Mahbub-U|—Haq B:-J.S. Mill C:-Kerensky D:-Ado|ph wagner
Ans: A
53:-The Headquarters of Asian Development Bank is situated in
A:-Japan B:-Mani|a C:-Singapore D:-Hong Kong Ans: B
54:-The state government earn maximum revenue through which taxes
A:-Excise duties B:-Income tax C:-Corporation tax D:-Commercia| Taxes
Ans: D
55:-The first operational special economic zone in India is located at
A:-Ca|cutta B:-Hyderabad C:-Indore D:-Chennai Ans: C
56:-Which one of the following is not a positive check on population growth as propounded by Robert Thomas Malthus
A:-War B:-Starvation C:-Diseases D:-Ce|ibacy Ans: D
57:-The main theory for the declining commodity terms of trade is known as
A:-Prebisch - Singer thesis B:-Ga|braith Model C:-Gur|ey - Shaw thesis D:-Simon - Kuznets thesis
Ans: A
58:-Who is the chairman of Fourteenth Finance commission
A:-K C Pant B:-C. Rangarajan C:-Y.V. Reddy D:-V.L. Kelkar
Ans: C
59:-Economic survey of India is published by
A:-P|anning Commission B:-Ministry of FinanceC:-Nationa| sample Survey D:-Finance Commission
Ans: B
60:-|n terms of GDP what is the target of fiscal deficit of India for Financial year 2019-20
A:-4.1% B:-3.1% C:-3.4% D:-4.4% Ans: C
61:-The father of Community Development Programmes in India is
A:-Ambedkar B:-S.K. Dey C:-Jawahar|a| Nehru D:-Va||abh Bhai Patel
Ans: B
62:-Gadgil formula was used for the objective distribution of
A:-Income tax share to States B:-Grants in Aid to States C:-Loans to States D:-P|an Assistance to States
Ans: D
63:-Fisca| policy in India is formulated by
A:-P|anning Commission B:-Reserve Bank of India C:-Ministry of Finance D:-Finance Commission
Ans: C
64:-The theoretical models of development that focused on the structural transformation of a primarily subsistence economy was formulated by
A:-Ross Levine B:-W. Arthur Lewis C:-J A Robbinson D:-Gunnar Myrdal
Ans: B
65:-|ncome tax is based on the principle of
A:-Abi|ity to pay B:-Benefit C:-Service D:-Property
Ans: A
66:-A continuous disequilibrium in the balance of payments caused by fundamental or long term factors is called
A:-Cyc|ica| Disequilibrium B:-Secu|ar Disequilibrium C:-Structural Disequilibrium D:-Deve|opment Disequilibrium
Ans: B