Q1
mcq
1 mark
Who is regarded as the ‘Father of Modern Macro Economics’?
- A. Ragnar Frisch
- B. Adam Smith
- C. Karl Marx
- D. J.M. Keynes
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Q2
mcq
1 mark
Identify the flow variable.
- A. Income
- B. Money supply
- C. Foreign Exchange reserves
- D. Assets
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Q3
mcq
1 mark
Expansion for NNP is :
- A. National Net Provident
- B. Net National Product
- C. Net National Provident
- D. National Net Product
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Q4
mcq
1 mark
The sum of MPC and MPS is __________.
- A. 0.1
- B. 1
- C. 1.1
- D. 2
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Q5
mcq
1 mark
Keynes theory emphasized on __________ equilibrium.
- A. Very long run
- B. Very short run
- C. Long run
- D. Short run
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Q6
mcq
1 mark
The RBI Headquarters is located at __________.
- A. Mumbai
- B. Delhi
- C. Bengaluru
- D. Chennai
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Q7
mcq
1 mark
Irving Fisher’s Quantity Theory of Money was popularized in __________.
- A. 1911
- B. 1908
- C. 1914
- D. 1910
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Q8
mcq
1 mark
Central Bank is __________ authority of any country.
- A. Wage
- B. Monetary
- C. National income
- D. Fiscal
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Q9
mcq
1 mark
Once the borrower fails to make Interest or Principal payments for _________ days the loan is considered to be a Non-Performing Asset.
- A. 60
- B. 30
- C. 180
- D. 90
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Q10
mcq
1 mark
In which sector Foreign Direct Investments is not permitted in India?
- A. Pharmaceutical
- B. Banking
- C. Insurance
- D. Atomic Energy
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Q11
mcq
1 mark
In India, Economic policy reforms were started in the year :
- A. 1993
- B. 1991
- C. 1994
- D. 1992
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Q12
mcq
1 mark
The other name for Special Drawing Rights is __________.
- A. Quotas
- B. Voluntary Export Restrictions
- C. Paper gold
- D. None of the above
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Q13
mcq
1 mark
World Bank is having its headquarters at :
- A. Vienna
- B. Washington D.C
- C. Geneva
- D. New York
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Q14
mcq
1 mark
GST is equivalence of __________.
- A. Income tax
- B. Sales tax
- C. Local tax
- D. Corporate tax
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Q15
mcq
1 mark
The objectives of Fiscal Policy is :
- A. Price stability
- B. Economic growth
- C. Full employment
- D. All of the above
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Q16
mcq
1 mark
Acid rain is one of the consequences of __________.
- A. Land Pollution
- B. Air Pollution
- C. Noise Pollution
- D. Water Pollution
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Q17
mcq
1 mark
Sustainable Development Goals and targets are to be achieved by __________.
- A. 2040
- B. 2030
- C. 2050
- D. 2035
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Q18
mcq
1 mark
Which of the following country adopt Indicative Planning?
- A. Italy
- B. France
- C. Russia
- D. Germany
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Q19
mcq
1 mark
The Chairperson of NITI Aayog is __________.
- A. Vice-President
- B. Prime Minister
- C. Finance Minister
- D. President
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Q20
mcq
The term regression was first used by :
- A. Spearman
- B. Newton
- C. Galton
- D. Pearson
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Q33
short answer
Explain about Aggregate Supply with the help of diagram.
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Q41
long answer
5 marks
(a)Describe the scope of Macro Economics.
OR
(b)Discuss the economic determinants of economic development.
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Q42
long answer
5 marks
(a)Describe the various methods of estimating National Income of a country.
OR
(b)State and explain instruments of Fiscal Policy.
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Q43
long answer
5 marks
(a)Illustrate the working of Multiplier.
OR
(b)Describe the different phases of Trade Cycle.
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Q44
long answer
5 marks
(a)Explain the role of Commercial Banks in economic development.
OR
(b)Discuss the differences between Internal Trade and International Trade.
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Q45
long answer
5 marks
(a)Bring out the functions of World Bank.
OR
(b)Elucidate the nature and scope of Statistics.
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Q46
long answer
5 marks
(a)Explain the scope of Public Finance.
OR
(b)Narrate the equilibrium between ADF and ASF with diagram.
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Q47
long answer
5 marks
(a)Estimate the Karl Pearson’s co-efficient of correlation with actual mean method for the following data.
Age of cars in years (X) 3 6 8 9 10 6
Cost of Annual Maintenance (in 000 `) 1 7 4 6 8 4
OR
(b)Explain the objectives of ASEAN.
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