Prof. Milton Friedman was the leader of
Ohio school
Chicago school
Cambridge school
London school
Which one of the following is not a qualitative control of credit by the Central Bank of a country?
Rationing of credit
Regulation of consumer credit
Variation of the reserve ratio
Regulation of margin requirements
The market in which loans of money can be obtained is called
Reserve market
Institutional market
Money market
Exchange market
Average propensity to consume is defined as
Aggregate consumption ÷ Total population
Aggregate income ÷ Aggregate consumption
Change in consumption ÷ Change in income
Aggregate consumption ÷ Aggregate income
Who has called the Prime Minister primus inter pares (first among equals)?
Morely
Harcourt
Laski
Lowell
The Keynesian consumption function shows a relation between
aggregate consumption and total population
aggregate consumption and general price level
aggregate consumption and aggregate income
aggregate consumption and interest rate
C.
aggregate consumption and aggregate income
Average propensity to consume is defined as
Aggregate consumption ÷ Total population
Aggregate income ÷ Aggregate consumption
Change in consumption ÷ Change in income
Aggregate consumption ÷ Aggregate income
In short run, if a competitive firm incurs losses, it will
stop production
continue to produce as long as it can cover its variable costs
raise price of its product
go for advertising campaign
The labour which creates value and gets rewarded for its services is called
both skilled and unskilled labour
average labour
productive labour
unproductive labour
IRDP was introduced during the
Third Five Year Plan
Sixth Five Year Plan
Fifth Five Year Plan
Fourth Five Year Plan