The Keynesian consumption function shows a relation between from

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 Multiple Choice QuestionsMultiple Choice Questions

191.

Prof. Milton Friedman was the leader of

  • Ohio school

  • Chicago school

  • Cambridge school

  • London school

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192.

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

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193.

The market in which loans of money can be obtained is called

  • Reserve market

  • Institutional market

  • Money market

  • Exchange market

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194.

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

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195.

Who has called the Prime Minister primus inter pares (first among equals)?

  • Morely

  • Harcourt

  • Laski

  • Lowell

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196.

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

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197.

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

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198.

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

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199.

The labour which creates value and gets rewarded for its services is called

  • both skilled and unskilled labour

  • average labour

  • productive labour

  • unproductive labour

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200.

IRDP was introduced during the

  • Third Five Year Plan

  • Sixth Five Year Plan

  • Fifth Five Year Plan

  • Fourth Five Year Plan

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