Which among the following is not an instrument of fiscal policy?
Taxation
Public Expenditure
Public debt
Credit Rationing
Which of the following equation is/are incorrect?
I. NI = NDP + Net Foreign Income
II. GNP = GDP + Net Foreign Income
III. NDP = GNP - Depreciation
I and II
Only III
II and III
only II
Which of the following is called GDP Deflator?
Ratio of nominal to real GDP
Ratio of nominal to real GNP
Ratio of nominal to real CPI
Ratio of real to nominal GNP
Which organisation monitors the banks in actually maintaining cash balance?
State Bank of India
Reserve Bank of India
Grameen Bank of India
None of the above
What does indifference curve represent?
Levels of Income and Capital
Satisfaction derived from two goods
Income from two businesses
Relationship between expenditure and savings
After which five-year plan, 'The Rolling Plan' was implemented?
Third Plan
Fifth Plan
Seventh Plan
Ninth Plan
Which tax causes a burden on the poorer section of the society?
Direct Tax
Indirect Tax
Both Direct and Indirect Tax
None of the above
B.
Indirect Tax
In which of the following market forms a firm does not exercise control over price?
Mixed Competition
Monopoly
Oligopoly
Perfect Competition
Which of the following is represented by 'Lorenz Curve'?
Employment
Inflation
Deflation
Income Distribution
In a centrally, planned economy, the .........plans all the important activities in the economy.
Industrialists
Citizens
Government
Judiciary