Gustav cassel
s+). B. Say
D:-Alexander Hamilton
Correct Answer:- Option-B
Question48:-The long run supply curve of a decreasing cost industry under perfect competition is
A:-Horizontal
B:-Vetical
C:-Positively sloped
D:-Negatively sloped
Correct Answer:- Option-D
Question49:-The book 'Development as Freedom' is written by
A:-Jagdish Bhagwati
-Amartya Sen
C:-Vakil and Brahmananda
D:-C. Rangarajan
Correct Answer:- Option-B
Question50:-The 'ratchet' effect is related to which of the following consumption hypothesis
A:-Permanant income hypothesis
-Life cycle hypothesis
C:-Relative income hypothesis
D:-Absolute income hypothesis
Correct Answer:- Option-C
Question51:-Equal treated equally in taxation leads to
A:-Vertical equity
Horizontal equity
C:-Real equity
D:-None of these
Correct Answer:- Option-B
Question52:-Gilt-edged market deals with
A:-Currency notes
B:-Gold
C:-Silver
D:-Govt. securities
Correct Answer:- Option-D
Question53:-Which one of the following are the cost of inflation ?
A:-Menu costs
B:-Shoe leather costs
C:-Reduction in standard of living
D:-All the above
Correct Answer:- Option-D
Question54:-The ratio of the change in the overall money supply to a given change in the monetary base is called
A:-Money multiplier
B:-Required reserve ratio
C:-Deposit ratio
D:-Income multiplier
Correct Answer:- Option-A
Question55:-If the accommodating capital is zero in the balance of payments of a country, there will be
A:-Deficit in the balance of payments
B:-Surplus in the balance of payment
C:-Equilibrium in the balance of payments
D:-Disequilibrium in the balance of payments
Correct Answer:- Option-C
Question56:-The rate at which 881 borrows from commercial banks is called
A:-Call money rate
B:-Bank rate
C:-Repo rate
D:-Reverse Repo rate
Correct Answer:- Option-D
Question57:-NITI Aayog is a replacement of