| 1 |
Trade cycles can be controlled by: |
- A. Fiscal policy
- B. Monetary policy
- C. Buffer stock schemes
- D. All of these
|
| 2 |
In law of decreasing return, marginal product |
- A. Increases
- B. Decreases
- C. Remains constant
- D. Does not change
|
| 3 |
Which kind of budget is better during the situation of inflation |
- A. Deficit budget
- B. Surplus budget
- C. Balanced budget
- D. Domestic budget
|
| 4 |
Economy gets prosperity during |
- A. Recession
- B. Depression
- C. Boom
- D. Recovery
|
| 5 |
Which one of the following is not called Gross national product |
- A. Economic national product
- B. Joint national product
- C. Composite national product
- D. All the three
|
| 6 |
If demand curve is parallel to y-axis, then elasticity of demand is |
- A. Equal to unity
- B. More than unity
- C. Less than unity
- D. Zero
|
| 7 |
Which economist has stated the definition of balance of payments |
- A. Robbins
- B. Kindleberger
- C. Marshall
- D. Keynes
|
| 8 |
Economic problem arises because human wants |
- A. Are unlimited
- B. Are limited
- C. Do not exists
- D. None of three
|
| 9 |
After subtracting depreciation allowance from gross national product is known |
- A. National income
- B. Net national product
- C. Personal income
- D. Gross domestic product
|
| 10 |
If the rate of change in price and quantity supplied is equal then: |
- A. Es = 0
- B. Es = 1
- C. Es > 1
- D. Es < 1
|