The liquidity preference theory of interest was propounded by

• Adam Smith

• David Ricardo

• J M Keynes

• Alfred Marshall

Which of the following costs is related to marginal cost?

• Implicit cost

• Fixed cost

• Prime cost

• Variable cost

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

Gross National Product - Depreciation Allowance = ?

• Personal Income

• Net National Product

• Per Capita Income

• Gross Domestic Product

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

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

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

• Marketing centres

• Information technology companies

• Educational institutions

• Free trade centres

218.

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

• International Economics

• Macro Economics

• Environomics

• Fiscal Economics

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

'Functional Finance' is associated with

• Adams

• Abba P Lerner

• Adolph Wogner

• Adam Smith