Q. GNP at market prices is Rs. 200. Net factor income from abroad is Rs. 20. Indirect taxes are Rs. 20 and subsidies are Rs. 10. GDP at factor cost is -
1) Rs. 220
2) Rs. 250
3) Rs. 180
4) Rs. 170
Q. As per Basel II norms, a bank's capital to risk weighted assets ratio (CRAR) should be at least -
1) 8 per cent
2) 10 per cent
3) 12 per cent
4) 14 per cent
Q. Reserve Bank of India gives licence for credit creation to -
1) Commercial banks
2) Scheduled banks
3) Cooperative banks
4) None of the these
Q. When cost of production is zero, monopoly equilibrium will be established at a level where elasticity of demand curve is -
1) Greater than one
2) Equal to one
3) Less than one
4) Infinity
Q. The comprehensive facts about Indian economy combined with incisive analysis is provided by -
1) RBI bulletin
2) Economic and political weekly
3) Centre for monitoring Indian economy
4) Economic survey
Q. 'Supply creates its own demand' means -
1) Demand is supply
2) Supply is demand
3) Demand comes first and supply afterwards
4) Supply has nothing to do with demand
Q. The base year for estimation of GDP in India is -
1) 1999-2000
2) 2000-2001
3) 2004-2005
4) 2006-2007
Q. In any set of numbers, the geometrical mean exists only when all numbers are -
1) Positive
2) Negative
3) Zero
4) Positive, zero and negative
Q. Economists who introduced the notion of Human Capital are -
1) Schultz and Gary Becker
2) Marshall and Pigou
3) Hicks and Hansen
4) Stigler and Johnson
Q. Dead weight loss is equal to -
1) Producer's Surplus - Consumer's Surplus
2) Consumer's Surplus + Producer's Surplus
3) Marginal Revenue - Marginal Cost
4) Average Revenue + Average Cost
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