26
When was India ratified the CEDOW treaty ?
Answer
C. 1994
27
Under which Constitution Article the Indian government enacted the Environment Protection Act of 1986 ?
Answer
A. Article 253
28
Rural Landless Employment Guarantee Programme (RLEGP) was introduced in India on
Answer
B. August 15, 1983
29
The National Food Security Act was passed in the Indian Parliament in
Answer
B. 12 September 2013
30
NGOs receiving over 95% of their infrastructure funds from the government come under the Right to Information Act in the year
Answer
C. 2014
31
The process of deriving economic generalizations on the basis of observations and experiences is called
Answer
B. Inductive method
32
The book 'Value and Capital' has been authored by
Answer
D. J. R. Hicks
33
The revealed preference theory is based on the postulation of
Answer
B. Strong ordering preference
34
In the production process a firm will shut down when the price falls below
Answer
C. The average variable cost
35
When a monopolist is able to sell each separate unit of a product at a different price, a situation of
Answer
A. Price discrimination of first degree exists
36
In the kinked demand curve hypothesis, the segment of demand curve above the prevailing price is
Answer
C. Highly elastic
37
The speculative demand for money is an inverse function of
Answer
D. Rate of interest
38
The constancy of labour share in the national income has been explained by Kalecki on the basis of
Answer
B. The monopoly theory of distribution
39
The marginal conditions to be fulfilled for the attainment of Pareto optimality were given by
Answer
D. Lerner and Hicks
40
Euler's product exhaustion theorem will be applied only in the case of production functions with
Answer
B. Constant returns to scale
41
The fundamental assumption of Absolute Income Hypothesis is
Answer
A. Consumption - Income relationship is reversible
42
In the Fishers equation of exchange MV = PT, the variable 'V' stands for
Answer
B. Velocity of circulation of money
43
The level of unemployment at which a constant rate of inflation may be maintained is called
Answer
D. Natural rate of unemployment
44
Money that has no intrinsic value but established by a government decree is known as
Answer
A. Fiat money
45
Money supply curve in the Keynesian analysis of liquidity preference is
Answer
A. Vertical straight line
46
The LM curve will shift to right when there is an
Answer
C. Increase in the money supply
47
The basic proposition of the psychological law of consumption is that
Answer
C. MPC is positive but less than unity
48
The relationship between unemployment and the rate of change in the wage rate, according to A. W. Phillips is
Answer
A. Inverse and non-linear
49
The expansion and contraction process in the business cycle model of Kaldaor is brought about by the
Answer
C. Stock of capital
50
Monetarism postulates that
Answer
A. Money is a substitute for a wide range of real and financial assets but no single asset is a close substitute for money
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