Under which condition consumer is in a state of Equilibrium

If the marginal rate of substitution is increasing, the indifference courve will be

The assumption of revealed preference theory states that conusmer has to choose 

Ordinal utility approach postulation that utility

1. Can be measured
2. Need not be measured
3. Can't be measured
4. Rank his order of preference 

The wants satisfying power of a commodity or service is

The price elasticity of supply is elastic when

The formula for the measurement of price elasticity of demand is

Demand curves are shifting to the right or left due to

Normative economics is concerned with the

Macro economics deals with 

The word 'Micro' is derived from ............ language

The objectives of the first five year plan in India are

Free trade among countries will determine the prices of commodities and services at ...........

Globalisation is generally termed as

Identify the thrust areas of 'New economic policy' of India and select the correct answer from the codes given below

1. Larger scope to private sector 
2. Industrial licensing 
3. Export-import policy
4. 100 percent FDI

"Laissez-faire" policy refers to 

Millennium development goals was [MDGS] agreed by .................... world leaders in the year ............

The congress government announced its industrial policy in 

The basic objectives of economic planning in our country is to 

A comprehensive plan means

Identify the issues of 'development planning' from the given list and choose the correct answer from the codes given below.

1. To increase the gross as well as percapita income with attaining full employment
2. Total structural changes in the society
3. Corrective planning

.............. was the first economist to give a welfare criterion based on compensating principles.

Imperfect inforamation is 

Kaldor - Hicks criterion states the 

The double criterion of welfare was propounded by

Input-Output analysis was invented by Wassily. W. Leontief in the year

At the optimum point of Rawls social welfare theory, the two individuals income are

Ethical statements which perform recommendatory, influential and persuasive functions, are

The saddle point denotes

The statement of Government's policy and major instrument of the expression of the Government programme

In absolute income hypothesis explains 

The combined effect of the multiplier and the accelerator is also called

Any increase in government expenditure may have an expansionary effect even though these expenditure are matched by an equal increase in taxes. This has been called

The IS-LM model uses two relations to determine, the two endogenous variables, they are 

Equilibrium in the money market requires an 

IS curve slopes downward

The classical economist believed in the existence of ............. in the economy.

The equilibrium level of income is determined

In recent years, the sector contributes more to the National Income of India

Net National Product (NNP) is equal to

"The problem of the Rupee : Its origin and its solution" - was written by

Ambedkar's idea of state socialism is based on the philosophy of 

The pillars of Periyar's Socio-economic philosophy are

"A man who did not do body labour had no right to eat" is based on the concept of 

Which of the following theories was rejected by Schumpeter

To break the circular flow, an innovative entrepreneurs are financed by

According to Malthus, sluts and under consumption in an economy would lead to 

The source of capital accumulation in the hands of the government in the Ricardian theory 

The book "Wealth of Nations" by Adam Smith, published in the year

"The Wealth of Nations" was primarily concerned with the problem of 

The Industrial Policy which gave a concrete shape to the concept of mixed economy in India 

Deflation is a situation when prices fall along with 

The phillips curve shows

Monetarist believe that a reduction in inflation can be achieved by

The monetary base for credit expansion consists of 

The intrinsic value of representative token money is 

In Fisher's equation PT=MV+M 'V', PT represents

The value of money multiplier compared to deposit multiplier is

Baumols Approach to demand for money analysed the interest elasticity of the Keynesian 

"Liquidity preference as Behaviour Towards Risk" is an article of 

James Tobins theory assumes the expected value of capital gain or loss from holding interest bearing asset is

Which one of the following is not the objective of Foreign Direct Investment

UN's charter of economic rights and duties of states is the component of 

The first UNCTAD conference took place in 1964 at

Focus Product Scheme (FPS) and Focus Market Scheme (FMS) aim at 

Flexible Exchange rate is followed in

The level of National Income is directly affected by

The major export earnings of India in the year 2010-11

Match List I with List II and choose the correct answer from the code given below :

Reserve Tranch of India is held in

The disequilibrium in balance of payment is of fundamental if it is due to

Assertion (A) : Balance of payment always balance.

Reason (R) : Debit (payments) must always equal credits (receipts) in balance of payment account.

Identify the assumptions of the theory of fiscal federalism

Economic stability and just distribution of income can be done by federal government 

A federal government can be efficient and effective at solving problems of governments

Allocation of resources can be done effectively by states and local governments

Allocation of resources cannot be done effectively by states and local governments

Select the correct answer using the codes given below.

2017 budget is presented in the parliament on

The concept of zero-base budgeting was given by

Assertion (A) : Wagner's law of public expenditure applicable to Governments

Reason (R) : Government undergoing progress through public sector.

The expenditure which leads to the creation of income yielding tangible assets of the govenment 

Identify the statement which is not associated with indirect tax

Prof. Raja J. Chelliah on tax reforms committee submitted its interim report on

The size of the National income, growth of population, psychology of the tax payers etc... are the factors determining

Find out which of the following are direct tax by using the codes given below.

1. Income tax
2. Sales tax
3. Corporation tax
4. Excise duty

Match the List I and List II with correct answer :

"Without public enterprise, there can be no private enterprise. Infact, it is former that enables the growth of the latter" Statement given by

Identify the statement which is not relate to the importance of rural industrialisation

Workmen Compensation Act was introduced in the year

Consider the following statements.

1. The First Green Revolution was confined to Punjab, Haryana was Western UP.

2. The Second Green Revolution spread to other areas of Punjab, Haryana and UP which were not covered in the First Green Revolution.

Which of the statements given about is/are correct

In which one the following Five Year Plan, Indian Economy did not fix the targets for the crop production for the first time

Identify new thrust areas in Indian Agriculture

1. Stagnation in the output of pulses.
2. Production of edible oil.
3. New strategies of irrigation and water management.
4. Use of bio-fertilizers has to be expanded.

Choose the correct answers from the codes given below

Identify the steps taken in the Phase - I of Land reforms in India from the given List and choose the correct answers from the code given below.

1. Abolition of Intermediaries.
2. Reorganisation of Agriculture
3. Devising a fair and speedy process of land acquisition policy.
4. Tenancy reforms.

Match the period of Five Year Plan

The importance of externality in economic devlopment was introduced by

In which of the following years was growth rate in India's GDP at factor cost and at constant prices (2004-05) the highest

The Locus of the points of tangency between isoquant and the isocost curves are called 

Match the following :

The Law which explains the behaviour of production in the short run is the 

Match the following 

A market situation in which there is a single buyer of goods and services

Under perfect competition in the long run a firm can earn

The condition for attaining equilibrium of a firm is 

The Cobb-Douglas production function implies

Input-Output analysis related with the name of 

In India 'Primary deficit' is

If the income effect is positive, both commodities are

Revealed preference theory is described as

Revealed preference theory was given by

The differenc between the potential price and the actual price, is called, 

The point method of measuring elasticity of demand was developed by

The government would get more revenue by levying indirect taxes on

The inter - relationships and equilibrium adjustment between economic units, which determine the allocation of resources in the society

Alfred Marshall defined economics as a study of 

Foreign direct Investment results in

Select the correct sequence of a stages of internationalization

The new Industrial policy indicates

The Gandhian model of economic development states that

Which of the following resulted from great depression

The total number of government enterprises as on March 31, 2010 was

economic growth refers to the problem of 

The states which are highly dependent an central grants for meeting their financial requirements

Multi level planning means

In the words of prof. Musgrave, fiscal operations of the government consists of 

During the 11th 5 - year plan, agricultural sector targeted 4% of GDP - Indicate actual achievement 

The theory of lemon was first developed in 

"A position from which it is impossible to make any one better off without making someone worse off by any re-allocation of resources and outputs" - said by

"Consistent social choice cannot be made without violating the consistency and transitivity condition" - stated by

Which is not a assumption of Input-Output analysis

The concept of "social welfare" function was propounded by

In Bergson's social welfare function, the point of constrained bliss shows

Rawl's Difference Principle' denotes

The analysis of simultaneous determination of equilibrium in all markets is called

The condition for General Equilibrium of exchange is 

Permanent income hypothesis was given by

The relative income hypothesis was introduced by

The multiplier expresses the relationship between

Employment multiplier was first developed by

The study of fluctuations in business activity is referred to in economics as 

According to Keynes the rate of interest is determined by the ............... function.

Aggregate demand implies 

'Supply creates its own demand" is stated by

The total of national income measures

The problem of over estimation of the Gross National Product is mainly caused by

Which one of the following is a transfer payment

The Gandhian doctrine of trusteeship is an alternative to

Constant capital is one which is used for 

Karl Marx was the founder of

According to Malthus, the population of a country would be double itself in every

Mrs. Joan Robinson has given clear expression to the 

In the Ricardian theory of rent, he takes the transfer earnings of land as

The concept of Liberal Socialism was propounded by

The economic freedom enjoyed in a market economy implies

Capital consumption allowance refers to

According to Friedman, Inflation is always a

When price rises very faster rate, such inflation is 

According to Friedman, the relationship between Demand for money and general price level is 

The variable Reserve ratio as a method of credit control was first suggested by

The principal motive of open market operation is to influence the reserves of commercial banks and

Which one of the following is not the objective of portfolio management of commercial banks 

"Money, interest and prices" is a moumental work of

In Friedman's Restatement of Quantity theory of money, the supply of money is

A subsidiary money issued by the government is a

Special Drawing Rights (SDRs) are created to 

GATT was replaced of 

Which is not the immediate causes for the creation of New International Economic order

Import of raw material and intermediate goods are called as

Match the following and select the correct response :

Value of Imports / Value of Exports = ..............

Identify the advantages of international trade from the list and choose the correct answer from the codes given below.

1. Dumping
2. Optimum allocation of resources
3. Increase output
4. Develop internal infrastructure

In the balance of payment account, the transfer payments are included in which one of the following 

Which of the following world body helped India to solve river dispute with Pakistan

Conside the statements and choose the correct answer. Which of the following taxes is/are levied and collected by union and distributed to states

a) Taxes on income other than agricultural income

b) Tax on tobacco

c) Sales tax

d) Corporation tax

CRIS stands for 

The expenditures incurred out of the proceeds of taxes and other revenue receipts

Which authority is responsible for framing the budget of the Union Government 

Which one of the following is not a method of debt redemption

A tax imposed in one person and the real burden is also borne by him is 

The classical theory of public debt assumed 

Which one of the following is not under the functions of State Government 

Match List I and List II and select the correct answer :

Which of the following is not the objective of fiscal policy

Match the following A with B and select the correct response.

a

Identify the benefits which is not part of Maternity Benefits Act 1961 and its amendments

Match the following A with B and select the correct response :

Agricultural production during 11th Five Year Plan is given below. Match the crops with its production (Average Production in Million Units) :

The total outlay of First Five Year Plan was

In which Five Year Plan, the agriculture and irrigation were given top priority

The Ryotwari Tenure settlement was first made in the year ............... in ................

The investment strategy for Indian Economic Development formulated by Prof. Mahalanobis was

Identify the human factor which influence the economic growth from the list, and choose the correct answer from the correct answer from the codes given below.

1. Research on population control
2. Political stability.
3. Labour productivity.
4. Social attitudes.

The Constant Elasticity of Substitution (CES) is expressed in the form of

TPP refers to

The shape of Iso-quant curves are ................... to the origin,

Who said Law of Diminishing returns applicable especially to agriculture

The curve shows the combinations of two factors, a firm can buy

The formula for measurement of monopoly power is

Perfect competition is said to prevail when there is a large number of producers producing .............. product.

Each seller determines his price on the assumption that his rival will keep his price constant under ................

Which of the following is not part of the taxes levied and collected by the Union but assigned to the states

Under the preview of ESI Act, 1948, ESI Corporation was set up during the year

Break Even Point arrives where

The price for the services of an entrepreneur in a firm is

Real cost of production is the