Economics Mock ...

Which one of the following was recognized as 'invisible hand' by Adam Smith?

Who among the following suggested ‘strong state intervention’ after the Great Depression of 1929?

The definition that “Economics is concerned with an enquiry into the nature and causes of wealth of nations” is given by

In Economics, ‘Laissez Faire’ means

The total of value added and depreciation of fixed capital is known as ________.

Which law states that bad money drives good money out of circulation?

When an economy is facing inflation, what will the central bank of the country do?

____ is the process of buying and selling of government securities, bond or Treasury Bills (T-Bills) to regulate the money supply in economy.

Bank rate is ____credit control weapon

The ratio of total deposits that the commercial bank has to keep with RBI is __________ .

At which rate, Reserve Bank of India borrows money from commercial banks?

Which among the following formulates the Fiscal Policy in India?

With reference to the Ricardian equivalence theorem (RET), which of the following statement is correct?

What is the highest rate of Goods and Services Tax (GST) in India?

According to simple Keynesian theory, the slope of the aggregate consumption curve against income is

The increase in private investment spending induced by the increase in Government spending is known as

During a recession when GDP falls, disposable income _______.

Multiplier effect is primarily related to which of the following?

According to Paradox of Thrift which of the following is true regarding the Marginal propensity to save (MPS) ?

India earns maximum foreign exchange by the export of?

Who maintains foreign exchange reserves in India?

The value of the SDR is based on a basket of ________ currencies.

The flow of foreign credit and investment affects the:

The difference between the value of exports and value of imports of goods of a country in a given period of time is called _______.

 In which year was the Tata Iron and Steel Company (TISCO) incorporated?

Land ceiling is the:

The portion of agricultural produce which is sold in the market by the farmers is called:

In 1955, Karve Committee was constituted for?

The Act to replace the archaic 'Monopoly and Restricted Trade Practices Act, 1969' is _______.

‘Churning poor’ is a category of poor defined as:

Who among the following authored ‘Poverty and Un-British Rule in India’?

Which of the following is not a function of the AICTE?

Kudumbashree is a programme implemented by the State Poverty Eradication Mission (SPEM) in ______.

In India, markets in agricultural products are regulated under the

Belt and Road Initiative (BRI) is a project undertaken by which of the following countries?

Which of the following barrages/dams is closest to the India-Bangladesh border ?

Where is the headquarters of the Asian Infrastructure Investment Bank (AIIB) located?

Which of the following countries is not a member of SAARC?

The concepts of wages, rent, interest and profit are studied under which branch of economics?

Which of the following is included in the microeconomics theory?

Which one of the following is a typical example of Pure or perfect competition ?

A 'free good' means

Market activities in an economy involve ________.

All of the following are determinants of demand except:

An exceptional demand curve is one that slopes

Which one of the following is not an assumption in the law of demand?

The necessary condition for consumer equilibrium is:

The value of the slope of a normal demand curve is

Which of the following best defines effective revenue deficit?

The country where the consumer gets everything within the economic boundary has which type of economy?