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Question 1 reset

Labour theory of value was propounded by

Adam Smith

David Ricardo

Ragnar Nurkse

R.M. Solow

Question 2 reset

For an inferior goods, income consumption curve and Engles curves are

Positively sloped

Negatively sloped

Are the same

Income consumption curve positively sloped and the Engles curve is negatively sloped

Question 3 reset

The classical economists focussed on the role of money as

wealth

medium of exchange

medium of distribution

link between present and future

Question 4 reset

If the demand for money is perfectly interest inelastic, the LM schedule will be

Vertical line

Horizontal line

Upward sloping

Downward sloping

Question 5 reset

In calculating the buoyancy of a tax, we consider

Only automatic changes

Only discretionary changes

Both (A) and (B)

Question 6 reset

Which of the following measures of the central tendency suits the data best if the objective is to assess the distribution of values ?

Mode

Median

Arithmetic mean

Question 7 reset

In India, in 2004-05 the number of poor persons below poverty line was the highest in the State of

Bihar

Uttar Pradesh

Madhya Pradesh

Rajasthan

Question 8 reset

Which of the following is not a component of Bharat Nirman ?

Rural telephony

Rural housing

Rural electrification

Agro-based industries

Question 9 reset

A point of ‘Kink’ in the kinked demand curve indicates

Price rigidity

Quantity rigidity

Price flexibility

Quantity flexibility

Question 10 reset

Improvement in the BOP deficit may be effected through

Import control

Export promotion

Foreign exchange control

Devaluation

Time Over