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ECONOMICS MIX 1
  • Priyabrat Acharya

  • 問題数 100 • 11/20/2023

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    問題一覧

  • 1

    If PCC curve is downward sloping X and Y are

    Normal, Substitute goods

  • 2

    X is a normal good and Y is a substitute good. If price of x falls, PCC curve will be

    Downward

  • 3

    PCC curve when X is normal and Y is complementary good and price of X falls

    Upward

  • 4

    The curve showing relation between change in income and consumption of a given good

    Engel curve

  • 5

    The curve showing combinations of two goods at various level of income

    ICC Curve

  • 6

    ICC will be concave downwards if X will be

    luxury good

  • 7

    ICC will be convex upwards if X is a

    necessary good

  • 8

    When PCC curve is horizontal to X axis the elasticity of demand will be

    = 1

  • 9

    Which of the following curves is for the entire economy

    MEI

  • 10

    Which of the following regarding MEC and MEI Curve is true

    MEC is Flatter, MEI is steeper

  • 11

    Which tariff is put on value of the commodity

    Ad Valorem

  • 12

    Compensatory financing of Musgrave is also known as

    Pump priming

  • 13

    When IS curve is steeper which policy is more effective

    Fiscal

  • 14

    When IS curve is flatter which policy is more effective

    Monetary

  • 15

    When LM curve is flatter which policy is more effective

    Fiscal

  • 16

    Complete crowding out when LM curve is

    Flatter

  • 17

    Shocks and stimulants are given under

    Critical minimum effort

  • 18

    Agriculture price commission was bought in

    1965

  • 19

    Rejecting Null Hypothesis when it is true

    Type 1 error

  • 20

    Accepting Null Hypothesis when it is false

    Type 2 error

  • 21

    Which of the following gives us a positional value

    Median

  • 22

    Fei Ranis model is an extension of

    Lewis model

  • 23

    Who publishes REER

    RBI

  • 24

    Accumulation of commodities in the inventory as demand declines is called

    Kitchin cycle

  • 25

    Addition lagging fixed investment signal

    Juglar cycle

  • 26

    Inequality first increases and then decreases

    Kuznet cycle

  • 27

    Testing of overall significance

    F test

  • 28

    Testing significance of regression coefficients

    T test

  • 29

    Normality test is done by

    Jarque Bera test

  • 30

    Test of independence of attributes

    Chi square test

  • 31

    In case of multi collinearity

    T test will be insignificant

  • 32

    Who used accelerator theory to describe trade cycle

    Hicks

  • 33

    which of the following belong to Chicago school

    Monetarist

  • 34

    Who gave the theory that transaction demand for money is affected by interest rate

    Tobin

  • 35

    Reverse cycle in given in whose trade cycle

    Hicks

  • 36

    Quantity theory of money was first given by

    Devon Jetty

  • 37

    Theory of money and prices was given by

    Keynes

  • 38

    Total revenue - Total expenditure

    Budget Deficit

  • 39

    Total revenue receipts - Total revenue expenditure

    Revenue Deficit

  • 40

    Budget deficit + Borrowing and other liabilities

    Fiscal Deficit

  • 41

    Fiscal deficit - Interest payments

    Primary Deficit

  • 42

    Who gave cobweb theory

    Nicholas Kaldor

  • 43

    Who gave the theory " Excess of actual investment over desired investment leads to trade cycle"

    Hayek

  • 44

    Used investment multiplier to show emergence of trade cycle

    Kaldor

  • 45

    Ecological footprint is associated with

    Rees and Wackernagel

  • 46

    Who gave the rational expectation model

    John Muth

  • 47

    When was Stockholm conference on environment was held

    June 1972

  • 48

    The term bio diversity was first given by

    W.G Rosen

  • 49

    The amount of output lose when inflation rate is reduced is called

    Sacrifice ratio

  • 50

    The fiscal deficit Target in 2022 was

    6.4

  • 51

    Fiscal deficit Target for the year 2023 is

    5.9

  • 52

    Tax to GDP ratio for the year 2022-23 is

    17.7%

  • 53

    Imposition of tariff will benefit home country is given by

    Stopler Samuelson

  • 54

    According to Harrod Domar model

    G= MPS/C

  • 55

    As per 2022-23 data which country has topped HDI index

    Switzerland

  • 56

    Tragedy of common by Garret Hardin was given in

    1968

  • 57

    Total public sector banks in India

    12

  • 58

    Which component is NOT typically a part of India's foreign exchange reserves?

    Domestic government bonds

  • 59

    The IMF's Special Drawing Rights (SDRs) are included in India's foreign exchange reserves as:

    A liquid asset

  • 60

    In the context of India's foreign exchange reserves, what does the term "Hot Money" refer to?

    Short-term capital flows that can quickly leave the country

  • 61

    What is the primary function of the Currency and Gold Revaluation Account (CGRA) in India's foreign exchange management?

    Absorbing exchange rate fluctuations

  • 62

    a unique account that tracks the unrealized gains or losses in the value of the gold and foreign exchange assets that the RBI holds

    CGRA

  • 63

    In the composition of India's foreign exchange reserves, what does the term "Triffin Dilemma" refer to?

    The challenge of maintaining global liquidity and national monetary autonomy

  • 64

    The "War Chest" in the context of foreign exchange reserves refers to:

    Reserves used to counter speculative attacks on the currency

  • 65

    The part of the quota that can be withdrawn from IMF without any interest is called

    Reserve tranche position

  • 66

    Twin deficit in India refers to

    Budget deficit and current account deficit

  • 67

    In a cross-currency swap, what is the primary reason for exchanging cash flows in different currencies?

    To take advantage of interest rate differentials

  • 68

    Which factor is NOT a consideration in determining the cost of a currency swap?

    Inflation rates

  • 69

    NEER represents the:

    Average exchange rate of a currency against a basket of other currencies

  • 70

    When REER is above 100 it means

    Domestic currency is over valued, Domestic producers are not competitive

  • 71

    When NEER increases it means

    Domestic currency has appreciated

  • 72

    What if NEER AND REER decline

    Currency has depreciated and exports are cheaper

  • 73

    If a country's NEER is appreciating, and its REER is also increasing, what does this suggest?

    The currency is becoming less competitive internationally

  • 74

    What is used for classification of goods under GST

    HSN

  • 75

    Which of the following determines long run equilibrium growth in J.R. Hicks trade cycle theory?

    Autonomous investment

  • 76

    "Trade-Cycle is a purely monetary phenomenon". This statement belongs to

    Hautrey

  • 77

    In the year 1969 ______ banks were nationalised

    14

  • 78

    Which is the apex bank for rural development and rural credit

    IRBI

  • 79

    According to classicals money supply is

    exogeneous

  • 80

    Which of the following equations regarding fischers's equation of exchange is true

    MV=PT, MV+M'V' = PT

  • 81

    What does M'V' signify in fischers's equation of exchange

    Credit created by commercial banks

  • 82

    According to Cambridge theory of demand for money

    Money demand determines value of money

  • 83

    Which of the following equations is given by marshall

    M=KPY

  • 84

    What does M in M=KPY signify

    currency + demand deposits

  • 85

    Which of the following equations is given by Pigou

    M=PKR

  • 86

    What does 1/p given by Pigou shows

    Purchasing power

  • 87

    Which of the following equations is given by Robertson

    M= KPT

  • 88

    A type of stratified sampling in which information is gathered on basis of convenience or judgement

    Quota Sampling

  • 89

    According to the Quantity Theory of Money, what is the velocity of money?

    The ratio of nominal GDP to the money supply

  • 90

    Gross Domestic Product at current prices

    Nominal GDP

  • 91

    Formula of Real GDP

    Nominal/Price index

  • 92

    What is GDP deflator

    (Nominal/Real)×100

  • 93

    Which economic theory suggests that individuals make decisions based on maximizing their own utility?

    Neoclassical economics

  • 94

    In the context of behavioral economics, what is the endowment effect?

    The tendency to overvalue items one owns

  • 95

    According to the Efficient Market Hypothesis, what is implied about the availability of information in financial markets?

    All relevant information is already reflected in asset prices.

  • 96

    According to the Mundell-Fleming model, what happens to exchange rates in an open economy when there is an increase in government spending?

    Depreciation

  • 97

    What is the primary determinant of the long-run economic growth rate, according to the Solow Growth Model?

    Technological progress

  • 98

    What is the primary purpose of the "Lucas Critique" in macroeconomic policy?

    Assessing the impact of supply-side shocks

  • 99

    What is the primary focus of the "Principal-Agent Problem" in agency theory?

    Aligning the interests of shareholders and managers