Question # 1

Market value of all final goods and services produced in a country during a year is definition of

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NI

NNP

GNP

Consumption

When internal economics of scale occur:

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Total costs fall

Marginal costs increase

Average costs fall

Revenue falls

What is a grace note?

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A long played after a beat

A note that switches form 2 tones rapidly and rapidly and repeatively

A form of notation that some composers writer in

A usually short note, that is written smaller than normal and is mostly played before a beat

When a bank loan is repaid the supply of money:

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Is constant but its composition will have changed

Is decreased

Is increased

May either increase or decrease

Who among the following was the first to propound the Pluralistic Theory of Sovereignty?

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H.J.Laski

Jean Bodin

Otto Von Gierke

Maclver

Where is the headquarters of World Trade Organization?

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New Delhi

New York

Geneva

None of the above

Economic growth can be measured by:

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The CPI

The CBI

GDP

MPC

The govt can control inflation by

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Increasing demand for goods

Increasing supply of goods

Increasing money supply

Decreasing taxes

A constitutionally recognized body is-

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Planning Commission

Finance commission

Forward Commission

Farmers Commission

Who among the following has maintained that the modern liberal democratic state has become an industrial state:

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Galbraith

MacPherson

Keynes

Roosevelt

What is Tariffs?

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Decrease the domestic prices of a product

Increase the quantity of imports

Decrease domestic production

Increase government earnings form tax

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