(A) Mixed economy
(B) Socialist economy
(C) Capitalist economy
(D) Command economy
Supply of agricultural products is generally?
(A) Elastic
(B) Inelastic
(C) Perfectly elastic
(D) Perfectly inelastic
Permission given to a bank customer to draw cheques in excess of his current account balance is called?
(A) An ordinary loan
(B) A personal loan
(C) Discounting a bill of exchange
(D) An overdraft
Compared to the rich the poor save?
(A) A smaller part of their income
(B) A larger part of their income
(C) An equal part of their income
(D) All of their income
Cheap money means?
(A) Low level of standard of living
(B) Low level of income
(C) Low level of saving
(D) Low rates of interest
When too much money is chasing too few goods then the situation is?
(A) Recession
(B) Inflation
(C) Stagflation
(D) Deflation
Price Theory is also known as?
(A) Public Economics
(B) Development Economics
(C) Macro Economics
(D) Micro Economics
Process of curing inflation by reducing money supply is called?
(A) Disinflation
(B) Cost-Push Inflation
(C) Demand-Pull Inflation
(D) Reflation