Q. Which one of the following is the first stage of the evolution of an institution?
1) Tradition
2) Collective Experience
3) Ideology
4) Mores
Q. Rolling Plan Concept was propounded by--
1) J.K. Galbraith
2) Gunnar Myrdal
3) Paul A.Samuelson
4) A.K. Sen
Q. Social Welfare Function is assumed -
1) Theoretically
2) Hypothetically
3) Empirically
4) Axiomatically
Q. Which is the national flower of India?
1) Lotus
2) Rose
3) Lily
4) Sunflower
Q. Permissible noise level at residential area during night time is:
1) 80 dB
2) 75 dB
3) 45 dB
4) 55 dB
Q. The marginal revenue of a monopolist is
1) more than price
2) equal to price
3) less than marginal cost
4) less than price
Q. Demand curve of a firm under perfect competition is:
1) horizontal to ox-axis
2) negatively sloped
3) U-shaped
4) positively sloped
Q. The situation in which total revenues equals total cost, is known as:
1) Break even point
2) Monopolistic competition
3) perfect competition
4) Equilibrium level of output
Q. The expenditure made on which of the following does not require budgetary every year in India?
1) Natural calamities
2) Defence
3) Consolidated fund
4) Contingency Fund
Q. Which of the following is not a major function of the RBI in India ?
1) Issuance of Currency notes
2) To facilitate external trade and Payment and Developing a foreign exchange market in India
3) Maintaining price stability and ensuring adequate flow of credit to productive sectors
4) Formulation and monitoring the monetary and credit policy
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