Q. When prices of goods increase, purchasing power of money -
1) Fluctuates
2) Decreases
3) Increase
4) Remains constant
Q. Micro economics deal with -
1) Total units
2) Individual units
3) Partial units
4) Marginal units
Q. Perfectly inelastic demand of a commodity means,
1) the cost of a commodity changes but the demand remains unchanged
2) the price of the commodity does not change with the change in its demand
3) the demand of a commodity does not change with the change in its price
4) the demand of some other commodity changes with the change in the price of one commodity.
Q. The currency of Hungary is _________.
1) Elm
2) Lev
3) Forint
4) Zloty
Q. Of the following land uses, which is restricted to Special Economic Zones?
1) Information Technology Companies
2) Educational Institutions
3) Free Trade Centres
4) Marketing Centres
Q. "Functional Finance" is associated with:
1) Abba 'P' Lerner
2) Adolph Wonger
3) Adam Smith
4) Adams
Q. Diamonds are priced higher than water because:
1) Consumers do not buy them at lower prices.
2) They are sold by selected firms with monopolistic powers.
3) Their marginal utility to buyers is higher than that of water.
4) Their total utility to buyers is higher than that of water.
Q. Externality theory is the basic theory of the following branch of Economics:
1) Macro Economics
2) Environomics
3) Fiscal Economics
4) International Economics
Q. Which of the following organisations is made specifically responsible for empowering Micro, Small and Medium enterprises in India?
1) NABARD
2) RBI
3) SIDBI
4) ECGC
Q. Government usually classifies its expenditure in terms of planned and nonplanned expenditure. Identify, which is the correct definition of planned expenditure?
1) It represents the expenditure of all the State Governments
2) It represents the total expenditure of the Central Government
3) It is the expenditure which is spent through centrally sponsored programmes and flagship schemes of Government
4) It represents the expenditure incurred on Defence
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