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Economics Questions & Answers (Compiled from UPSC, SSC ,PSC ,IBPS previous question papers)

  • The total of national income measures

  • AThe flow of goods and services in an economy
  • BThe stock of goods and services in an economy
  • CThe current income in an economy
  • DThe net investment in an economy
  • Aggregate demand implies 

  • ATotal quantity of output that is willingly bought at a given level of prices, others are constant
  • BTotal quantity of commodity are not willing to bought at a level of price
  • CLess quantity are willing to purchase at a level of price
  • DNo quantity are willing to purchase
  • The multiplier expresses the relationship between

  • AInitial increment in investment and aggregate income increment
  • BInitial increment in savings and aggregate supply increment
  • CInitial increment in consumption and aggregate savings increment
  • DInitial increment in expenditure and aggregate revenue increment
  • Multi level planning means

  • ANational level, international level, state level
  • BCentre level, state level, District level, Block and local level planning
  • CDistrict level, municipal level, Panchayat level
  • DState, district, village and municipal level