Multiple Choice Questions

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From which of the following banks did Madan Mohan Malviya take loans for financing The Hindustan Times?

  • Bank of Baroda

  • State Bank of India

  • Punjab National Bank

  • Bank of Maharashtra


C.

Punjab National Bank

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Gross National Product - Depreciation Allowance = ?

  • Personal Income

  • Net National Product

  • Per Capita Income

  • Gross Domestic Product

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One of the features of a free market economy is

  • rationing and price control

  • active state intervention

  • consumer's sovereignty

  • public ownership of factors of production

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The liquidity preference theory of interest was propounded by

  • Adam Smith

  • David Ricardo

  • J M Keynes

  • Alfred Marshall

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Which of the following costs is related to marginal cost?

  • Implicit cost

  • Fixed cost

  • Prime cost

  • Variable cost

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Of the following land uses, which is restricted to Special Economic Zones?

  • Marketing centres

  • Information technology companies

  • Educational institutions

  • Free trade centres

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'Functional Finance' is associated with

  • Adams

  • Abba P Lerner

  • Adolph Wogner

  • Adam Smith

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Equilibrium price in the market is determined by the

  • equality between marginal cost and average cost

  • equality between total cost and total revenue

  • equality between average cost and average revenue

  • equality between marginal cost and marginal revenue

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Internal economics

  • arise when there is expansion in internal trade

  • arise in an economy as it makes progress

  • accrue to a firm when it expands its ouput

  • arise when there is expansion in an industry

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Externality theory is the basic theory of which of the following branch of Economics?

  • International Economics

  • Macro Economics

  • Environomics

  • Fiscal Economics

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