The economist who believed that unemployment is impossible and that market mechanism has a built in regulatory system to meet any ups and downs
J. M. Keynes
J. B. Say
The demand for labour is called
Which of the following is not an investment expenditure in goods and services?
Purchase of machinery
An increase in business inventories
Expansion of the main plant of a company
Purchase of a house
Which one of the following represents the Savings of the Private Corporate Sector?
Excess of income over expenditure
Dividends paid to shareholders
Total profits of a company
Forced Savings refer to
Compulsory deposits imposed on income tax payers
Provident fund contribution of private sector employees
Reduction of consumption consequent to a rise in prices
Taxes on individual income and wealth
High powered money is
Banks reserves at Central Bank
All loans and advances of banks
Money held by banks
Currency held by public and reserves with the Central Bank
Which of the following are included in the category of direct tax in India? 1.Corporation Tax 2. Tax on Income 3. Wealth Tax 4. Customs Duty 5. Excise Duty Select the correct answer using the codes given below.
1, 2 and 3
1, 2, 4 and 5
2 and 3
1, 3, 4 and 5
Which one among the following is a fixed cost to a manufacturing firm in the short run?
Insurance on buildings
Overtime payment to worker
Cost of energy
Cost of raw materials
In recent plans, certain words/phrases were used in the title of the plan along with ‘growth’. They are 1. Inclusive 2. Faster 3. More inclusive 4. Sustainable 5. More sustainable Which combination is true of the Twelfth Five Year Plan (2012 – 17)?
1, 2 and 3
1, 4 and 5
2, 3 and 4
1, 2 and 4
Which of the following factors led to a decline in inflation rate in India during 2014-2015?1.Persistent decline in crude oil prices 2. Softness in global prices of tradables such as edible oils and coal 3. Tight monetary policy pursued by the Reserve Bank of India Select the correct answer using the code given below.
1 and 2 only
2 and 3 only
1, 2 and 3
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