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

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

Depreciation is loss in value of

• Final goods

• Machinery

• Capital stock

• Capital stock

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

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

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

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

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

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

• Right to private property

• Existence of competition

• Service motive

• Service motive

Special Drawing Rights were created by

• IBRD

• ADB

• IMF

• IMF