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Economics Questions Answers

Q41 :

Which one of the following would be inconsistent with the Keynesian view about the effectiveness of monetary policy?

A
  

Velocity of money is relatively stable

B
  

The demand for money is unstable

C
  

The demand for money is interest sensitive

D
  

Investment demand is unstable

View Answer
Correct Answer: A

Velocity of money is relatively stable

No Description Available
Q42 :

What is perspective planning?

A
  

Overall appraisal of planning

B
  

Review of planning in different fields

C
  

Taking up past experience and reviewing the future in that light

D
  

Planning for future so as to meet the long term requirement of development in the country

View Answer
Correct Answer: D

Planning for future so as to meet the long term requirement of development in the country

No Description Available
Q43 :

Who formulated the "People's Plan" for India in 1944?

A
  

J. L. Nehru

B
  

M. N. Roy

C
  

Subhas Chandra Bose

D
  

Mahatma Gandhi

View Answer
Correct Answer: B

M. N. Roy

No Description Available
Q44 :

ECOMARC is a symbol related to—

A
  

Export Goods

B
  

Import Goods

C
  

Goods Safe for Environment

D
  

Best Quality Goods

View Answer
Correct Answer: C

Goods Safe for Environment

No Description Available
Q45 :

Which of the canons of taxations have been propounded by Adam Smith?

A
  

Economy, Elasticity, Simplicity and Sufficiency

B
  

Equity, Certainty, Convenience and Economy

C
  

Certainty, Convenience, Economy and Elasticity

D
  

Economy, Coordination, Convenience and Expediency

View Answer
Correct Answer: B

Equity, Certainty, Convenience and Economy

No Description Available
Q46 :

Fiscal consolidation at the Centre can be achieved by—

A
  

Rationalization of major subsidies alone

B
  

Reducing the defence expenditure only

C
  

Raising the tax-GDP ratio and rationalisation of subsidies

D
  

Minimising the Central assistance to the States

View Answer
Correct Answer: C

Raising the tax-GDP ratio and rationalisation of subsidies

No Description Available
Q47 :

Lump sum grant means—

A
  

A grant whose amount is sufficient to meet he expenditure

B
  

A matching and conditional grant

C
  

Grant given for a special purpose and it can be utilised only for that purpose

D
  

A grant whose amount is not dependent on any matching effort of the recipient

View Answer
Correct Answer: D

A grant whose amount is not dependent on any matching effort of the recipient

No Description Available
Q48 :

Geometric mean of Laspeyre's and Paasche's indices provides—

A
  

Marshall-Edgeworth Index

B
  

Bowley's Index

C
  

Fisher's Index

D
  

Kelley's Index

View Answer
Correct Answer: C

Fisher's Index

No Description Available
Q49 :

The 'Wage good strategy' of development was formulated by—

A
  

Amartya Sen

B
  

C. Vakil

C
  

P.C.Mahalanobis

D
  

J. Bhagwati

View Answer
Correct Answer: B

C. Vakil

No Description Available
Q50 :

The primary function of the Finance Commission in India is to—

A
  

distribute revenue between the Centre and the States

B
  

prepare the Annual Budget

C
  

advice the President on financial matters

D
  

allocate funds to various ministries of the Union and State Governments

View Answer
Correct Answer: A

distribute revenue between the Centre and the States

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