(A) aggregate supply and demand
(B) total saving and investment
(C) the rate of unemployment and rate of inflation
(D) demand for and supply of loanable funds
Ans.(C)
Q. 2. A firm practicing price discrimination will be-
(A) charging different prices for different qualities of a product
(B) buying in the cheapest and selling in the dearest markets.
(C) charging different prices in different markets for products.
(D) buying only from firms selling in bulk at a distance.
Ans.(C)
Q. 3. Minimum payment of factor of production is called-
(A) Quasi Rent
(B) Rent
(C) Wages
(D) Transfer Payment
Ans. (C)
Q. 4. Private investment is otherwise called as-
(A) autonomous investment
(B) foreign institutional investment
(C) foreign direct investment
(D) induced investment
Ans. (D)
Q. 5. Subsidies are payment by government to-
(A) consuming units
(B) producing units
(C) banking units
(D) retired persons
Ans. (A)
Q. 6. Quasi rent is a.......phenomenon.
(A) medium
(B) long-term
(C) short-term
(D) no time
Ans.(C)
Q. 7. National Income is also called as-
(A) GNP at factor cost
(B) GNP at market price
(C) NNP at factor cost
(D) NNP at market price
Ans.(C)
Q. 8. Indirect taxes by nature are-
(A) digressive (B) regressive
(C) progressive (D) proportional
Ans.(B)
Q. 9. Rate of interest is determined by-
(A) the rate of return on the capital invested
(B) Central Government
(C) liquidity preference
(D) commercial banks
Ans.(D)
Q. 10. Which one of the following is not an objective of Fiscal Policy in India?
(A) Full employment
(B) Price stability
(C) Equitable distribution of wealth and incomes
(D) Regulation of international trade
Ans.(D)
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