A:-Price index

B:-Nominal GDP

C:-Real GDP

D:-Per capital income

Correct Answer:- Option-C
Question75:-ldentify the correct statement related to Goods and Services Tax Bill

A:-Surcharge on supply of goods, cesses, special ad-on duty of customs, add-on duties of customs and excise and
central excise duty would be replaced by Central Taxes GST

B:-Entertainment tax, entry tax, purchases tax, central sales tax, VAT, etc. would be replaced by Central Tax GST

C:-The 2014 bill modified and updated the 2011 bill provision that imposed certain restrictions on the states on
taxation of the products that are important for inter-state commerce and trade

D:-All the above

Correct Answer:- Option-A
Question76:-Net factor income eamed from abroad includes the following component/s

A:-Net compensation of employees

B:-Net income from property

C:-Net retained eamings of the resident companies working in foreign countries

D:-All the above

Correct Answer:- Option-D
Question77:-The statistical test used to determine whether two population means are different when the variances are
known and the sample size is large is called

A:-Chi square test

B:-z-test

C:-One tailed test

D:-None of these

Correct Answer:- Option-C
Question78:-Consider the following statements related to incidence of a tax

Statement |: The incidence of a unit tax on the buyers will be less than the amount of the tax when the
commodity is being produced under increasing cost conditions.

Statement Il : The incidence of tax on the buyers will be greater than the tax when the commodity is being
produced under decreasing cost conditions.
A:-Statement | alone is comect
B:-Statement Il alone is correct
C:-Statement | and Il are comect
D:-Statement | and Il are incomrect
Correct Answer:- Option-C
Question79:-Identify the wrong criteria for the distribution of plan assistance according to Gadgil formula
A:-Population - 60%
B:-Tax efforts - 7%
C:-Per capita state income - 25%
D:-Special problems of individual states - 7.5%
Correct Answer:- Option-B
Question80:-In the simple linear regression model "y = alpha + beta x + epsi’ , the structural parameter is

D:

Correct Answer:- Option-C
Question81:-If fixed cost is Rs. 6,000, selling price is Rs. 5 per unit and variable cost is Rs. 2 per unit, the break-even point
shall be

A:-500 units

B:-1000 units

C:-2000 units

D:-2500 units

Correct Answer:- Option-C
QuestionB2:- is the amount at any given volume of output by which aggregate costs are changed if the volume
of output is increased or decreased by one unit.

A:-Differential cost