C:-Debit-cards are known as check cards
D:-ATM is one of the major channels used for electronic banking
Correct Answer:- Option-C

Question86:-Which of the following is related with the question "Do higher interest rates slow the economy and lower
inflation ?"
A:-Deductive Method
-Inductive Method
C:-Normative Economics
D:-Positive Economics
Correct Answer:- Option-D

Question87:-How the demand curve for cigarettes changes when there is a positive impact of public service announcements
and governments' mandatory health warnings on cigarette packages ?

A:-There will be a movement along the demand curve
B:-No change in demand curve
C:-Shift the demand curve for cigarettes to the left
D:-Shift the demand curve for cigarettes to the right
Correct Answer:- Option-C
Question88:-Which among the following is a factor affecting supply curve of a commodity ?

A:-Internet shopping and auctions allow consumers to compare the prices of different dealers more easily and drives
high cost sellers out of business

B:-Increase in tariff on imported automobiles increases total automobile supply
:-If truck prices goes up, the supply of cars rises
D:-Computerised manufacturing lowers production costs and decreases supply
Correct Answer:- Option-A
Question89:-Which of the following is the effect of imperfect competition ?
A:-Too low price and too high output
B:-It leads to price that rise above cost and to consumer purchases that are reduced below efficient levels
C:-Increase in economic efficiency
D:-None of the above
Correct Answer:- Option-B
Question90:-When the oligopolists find it profitable to sell in each other's territory markets, then this act is known as
A:-Phantom freight
ittsburgh-plus princing system
C:-Cross-hauling
D:-Both A) and B)
Correct Answer:- Option-C
Question91:-Spending money in socially unproductive efforts to acquire, maintain or exercise monopoly is called
A:-Price regulation
B:-Rent seeking
C:-Deadweight loss
D:-Marginal expenditure
Correct Answer:- Option-B
Question92:-Why economic profit is smaller than accounting profit ?
A:-Economic profit is total revenue minus total cost including both explicit and implicit costs
Accounting profit is the total revenue minus total explicit cost
C:-Economic cost include all opportunity cost when analysing a firm, whereas accounting cost measure only explicit

cost
D:-All the above
Correct Answer:- Option-D
Question93:-Real GDP is calculated by using the formula
A:-Nominal GDP *-:* Real GDP
B:-Nominal GDP — Real GDP
C:-Nominal GDP *-:* ** * ‘ GDP Deflator
D:-GDP Deflator + GNP
Correct Answer:- Option-C
Question94:-The price support policy in India aims at
A:-Maximum production of essential commodities

B:-Increasing the prices of rice, wheat, jute, cotton, sugarcane etc. so that producers' of those goods can receive higher
incomes

C:-Market regulation