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 ഇട question "Do higher interest rates slow the economy and lower
inflation

A:-Deductive Method

B:-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 wamnings on cigarette packages 7

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 7
A:-Intemnet 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
C:-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 7
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 விர each other's territory markets, then this act is known as
A:-Phantom freight
B:-Pittsburgh-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 7
A:-Economic profit is total revenue minus total cost including both explicit and implicit costs
B:-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:-Nol | 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