(A) All inputs cost are variable
(B) All input cost are fixed;
(C) All cost are partly fixed and partly variable
(D) None
Author:
Personal taxes in India best illustrates a:
(A) Proportional tax system
(B) Progressive tax system
(C) Indirect tax system
(D) Value added tax system
Balance of trade is:
(A) The difference between balance on current account
and capital account
(B) Same as the balance of merchandize trade
(C) Same as the balance of current account
(D) Overall BoP balance.
In which sector of Indian economy will we find a high rate of disguised unemployment?
(A) Service sector.
(B) Agriculture sector.
(C) Manufacture sector.
(D) Mining sector.
Unemployment that arises when there is a general downturn in business activity is known as:
(A) Frictional unemployment
(B) Structural unemployment
(C) Cyclical unemployment
(D) Disguised unemployment
Consumption demand does not depend upon the level of:
(A) Income
(B) Propensity to consume
(C) Consumer spending
(D) Marginal efficiency of investment.
Which of the following is an example of a government transfer payment?
(A) Purchase of a new car for the Ministry of Finance
(B) Funding of a clinic to provide free vaccinations.
(C) Free food coupons issued to persons in an anti-
poverty program.
(D) Funding of a new bridge in an urban area
NDP does not include:
(A) Payments made for income taxes
(B) Depreciation allowances
(C) Undistributed profits
(D) The value added from intermediate goods