In a cut motion, when the amount of demand is reduced by Rs.100/

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 Multiple Choice QuestionsMultiple Choice Questions

111.

When the demand for a good increases with an increase in income, such a good is called ..........

  • Superior good

  • Giffin good

  • Inferior good

  • Inferior good

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112.

The demand of a commodity is a direct demand but the demand of a factor of production is called a

  • Crossed demand

  • Joint demand

  • Derived demand

  • Derived demand

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113.

Depreciation is loss in value of

  • Final goods

  • Machinery

  • Capital stock

  • Capital stock

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114.

One of the following is 'Labour' in Economics

  • A Musician performing for a benefit fund

  • A Painter working for his own pleasure

  • Reading a book as a hobby

  • Reading a book as a hobby

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115.

Open Market Operations refer to

  • borrowings by Scheduled banks from RBI

  • lending by Commercial banks to industry

  • purchase and sale of Government securities by RBI

  • purchase and sale of Government securities by RBI

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116.

In a cut motion, when the amount of demand is reduced by Rs.100/-, it is known as

  • Disapproval of policy cut

  • Economy cut

  • Vote on account

  • Vote on account


D.

Vote on account

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117.

If Reserve Bank of India reduces the cash reserve ratio, it will

  • increase credit creation

  • decrease credit creation

  • have no impact on credit creation

  • have no impact on credit creation

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118.

What do you mean by 'Density of Population'?

  • Ratio of people living below poverty line to total population

  • Number of persons live per square kilometre

  • Number of persons in a city

  • Number of persons in a city

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119.

Which of the following is not a feature of a capitalist economy?

  • Right to private property

  • Existence of competition

  • Service motive

  • Service motive

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120.

Special Drawing Rights were created by

  • IBRD

  • ADB

  • IMF

  • IMF

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