Which of the following is/are NOT a canon of taxation?
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Correct answer: (E) None of the above
1 marks · 2024 · Set E
Question 102
The AASTHI project for a GIS-based property-tax system is an initiative of which state(s)?
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Correct answer: (A) Karnataka
1 marks · 2024 · Set E
Question 103
The distribution of the burden of paying a tax is called:
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Correct answer: (C) Incidence of a tax
1 marks · 2024 · Set E
Question 104
According to Peacock and Wiseman's analysis, public expenditure increases:
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Correct answer: (B) In jerks or step-like fashion
1 marks · 2024 · Set E
Question 105
During the 1991 reforms, industrial licensing was abolished for most industries except:
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Correct answer: (A) Liquor
1 marks · 2024 · Set E
Question 106
An outcome of the globalisation of a country's economy is:
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Correct answer: (C) Outsourcing
1 marks · 2024 · Set E
Question 107
The functions of commercial banks are:
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Correct answer: (D) More than one of the above
1 marks · 2024 · Set E
Question 108
A liquidity trap is a situation when:
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Correct answer: (A) Speculative money demand is infinitely elastic
1 marks · 2024 · Set E
Question 109
The 15th Finance Commission report recommended:
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Correct answer: (D) More than one of the above
1 marks · 2024 · Set E
Question 110
Which of the following statement(s) about the money multiplier is/are correct?
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Correct answer: (D) More than one of the above
1 marks · 2024 · Set E
Question 111
A firm earns only normal profits in the long run in:
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Correct answer: (D) More than one of the above
1 marks · 2024 · Set E
Question 112
Which of the following statement(s) about quasi-rent is/are correct?
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Correct answer: (D) More than one of the above
1 marks · 2024 · Set E
Question 113
Which of the following item(s) is/are excluded from the measurement of national income?
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Correct answer: (A) Proceeds from the sale of second-hand goods
1 marks · 2024 · Set E
Question 114
Examples of positive externalities are:
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Correct answer: (E) None of the above
1 marks · 2024 · Set E
Question 115
In the simple Keynesian model, consumption is a function of:
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Correct answer: (A) Level of income
1 marks · 2024 · Set E
Question 116
The difference between gross investment and net investment is:
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Correct answer: (B) Depreciation
1 marks · 2024 · Set E
Question 117
In a closed three-sector economy, the value of the multiplier depends upon:
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Correct answer: (C) Level of taxes
1 marks · 2024 · Set E
Question 118
Consider the following statements. I: RBI increases the reserve-deposit ratio to increase the money supply in the economy. II: An increase in the cash reserve ratio decreases the money supply. III: RBI purchases government securities from the public to decrease the stock of high-powered money. Choose the correct option.
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Correct answer: (B) Only statement II is correct
1 marks · 2024 · Set E
Question 119
The RBI's sterilisation operation is to:
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Correct answer: (D) More than one of the above
1 marks · 2024 · Set E
Question 120
Which of the following was NOT part of the structural adjustment programmes under the New Economic Policy in 1991?
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Correct answer: (E) None of the above
1 marks · 2024 · Set E
Question 121
Human Resource Development was a focus of:
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Correct answer: (C) Seventh Five-Year Plan
1 marks · 2024 · Set E
Question 122
Which of the following are institutional sources of rural credit?
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Correct answer: (A) Regional rural banks
1 marks · 2024 · Set E
Question 123
Disguised unemployment generally means:
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Correct answer: (C) The marginal productivity of labour is zero
1 marks · 2024 · Set E
Question 124
During the post-reform period, most emerging jobs are in which sector(s)?
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Correct answer: (B) Service sector
1 marks · 2024 · Set E
Question 125
The absorptive capacity of the environment means:
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Correct answer: (C) The environment is able to absorb degradation
1 marks · 2024 · Set E
Question 126
Which of the following is NOT correct about the Sustainable Development Goals?
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Correct answer: (B) They are intended to be achieved by 2035
1 marks · 2024 · Set E
Question 127
Which of the following is a feature of the Indian economy?
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Correct answer: (A) Growth led by the service sector
1 marks · 2024 · Set E
Question 128
According to Harrod–Domar, given the incremental capital-output ratio, the warranted rate of growth depends upon:
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Correct answer: (C) Saving-income ratio
1 marks · 2024 · Set E
Question 129
Which of the following is NOT an assumption of Lewis's theory of economic development?
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Correct answer: (B) Labour supply is perfectly inelastic in the rural sector
1 marks · 2024 · Set E
Question 130
If the balance of payments is in deficit, there is an excess of:
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Correct answer: (C) Autonomous payments over autonomous receipts
1 marks · 2024 · Set E
Question 131
Which of the following items will be part of the balance of trade statement?
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Correct answer: (D) More than one of the above
1 marks · 2024 · Set E
Question 132
Absolute advantage of Country A in international trade means:
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Correct answer: (A) Country A produces good X more efficiently than Country B
1 marks · 2024 · Set E
Question 133
Primary data can be obtained through:
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Correct answer: (B) Sample survey
1 marks · 2024 · Set E
Question 134
The sum of deviations from the _____ is always zero.
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Correct answer: (C) Mean
1 marks · 2024 · Set E
Question 135
A consumer price index measures changes in:
See answer
Correct answer: (A) Retail prices
1 marks · 2024 · Set E
Question 136
If the correlation between X and Y is positive, the relationship between X and Y is:
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Correct answer: (A) When Y increases, X increases
1 marks · 2024 · Set E
Question 137
According to the Heckscher–Ohlin model, two countries differ in:
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Correct answer: (C) Relative availability of factors of production
1 marks · 2024 · Set E
Question 138
If f′(x) changes sign from positive to negative as x increases through c, then:
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Correct answer: (C) c is a point of local maximum
1 marks · 2024 · Set E
Question 139
Consumer behaviour is studied in:
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Correct answer: (A) Microeconomics
1 marks · 2024 · Set E
Question 140
The frequency distribution of two variables is known as:
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Correct answer: (C) Bivariate distribution
1 marks · 2024 · Set E
Question 141
Classification of data based on geographical differences in the data is:
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Correct answer: (B) Spatial
1 marks · 2024 · Set E
Question 142
“Per capita daily calorie requirement” is an indicator of:
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Correct answer: (C) Absolute poverty
1 marks · 2024 · Set E
Question 143
Maximum social advantage is achieved when:
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Correct answer: (A) Marginal social sacrifice = marginal social benefit
1 marks · 2024 · Set E
Question 144
The condition(s) for maximum profit of a firm in the short run is/are:
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Correct answer: (D) More than one of the above
1 marks · 2024 · Set E
Question 145
When a firm's average revenue equals its average cost, it earns:
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Correct answer: (B) Normal profits
1 marks · 2024 · Set E
Question 146
According to the Cambridge cash-balance theory, the value of money depends upon:
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Correct answer: (D) More than one of the above
1 marks · 2024 · Set E
Question 147
A transfer payment is:
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Correct answer: (C) Payment without an exchange of goods
1 marks · 2024 · Set E
Question 148
An economy that trades with other economies is known as:
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Correct answer: (B) Open economy
1 marks · 2024 · Set E
Question 149
An indifference curve in the case of normal goods is:
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Correct answer: (B) Convex to the origin
1 marks · 2024 · Set E
Question 150
Which of the following best defines economics?
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Correct answer: (B) The science of unlimited wants and limited resources