51
The theory of vicious circle deals with
Answer
C. Poverty
52
The marginal productivity of labour under the state of disguised unemployment is
Answer
B. Equal to zero
53
The theory of Economic development with unlimited supplies of labour argues for
Answer
D. Shifting of labour with zero marginal productivity from agriculture to industry
54
The technique which provides numerical solution to the problem of making optimum in the context of given constraints
Answer
A. Linear programming
55
The book 'Asian Drama' has been written by
Answer
A. Gunar Myrdal
56
In the model of Golden Age, equilibrium is attained when
Answer
C. Rate of growth of capital is equal to the rate of growth of labour
57
The knife edge equilibrium is attained at the point where
Answer
D. G = Gn = Gw
58
P. C. Mahalanobis was the architect of
Answer
B. Second five year plan
59
The Planning Commission has been replaced in India by
Answer
B. Niti Aayog
60
The National Bank for Agriculture and Rural Development (NABARD) was established in the year
Answer
C. 1982
61
The situation where a country simultaneously import and export the same product is called
Answer
D. Intra-industry trade
62
The phenomenon of Dutch Disease has been advanced to explain the existence of
Answer
B. Non traded goods sector in an economy
63
Which of the following theory suggests that labour cost will be the determinant of trade and the country with the lower labour cost will be the exporter of that commodity ?
Answer
C. Theory of comparative advantage
64
The dead weight loss of tariff implies
Answer
A. Production loss and consumption loss due to tariff
65
The concepts of trade creation and trade diversion in the theory of customs union was introduced by
Answer
C. Jacob Viner
66
The first United Nations Conference on Trade and Development (UNCTAD) was held in
Answer
D. Geneva
67
The investment in a foreign country where the investing party does not seek control over the investment is the typical case of
Answer
B. Foreign portfolio investment
68
The current account in the BOP records
Answer
A. Exports and imports of goods and services and unilateral transfers
69
A floating exchange rate will be stable if
Answer
A. An appreication of the domestic currency leads to an excess demand for the foreign currency
70
The factor which enables both exporters and importers to protect against the risk of exchange rate fluctuation is
Answer
C. Hedging
71
In the equation for consumption function C = a + bY, b means
Answer
A. MPC
72
The density of population in India by the 2011 census is
Answer
D. 382
73
The food grains production in India crossed 250 million tones for the first time during the year
Answer
D. 2011-12
74
During the last decade, the highest growth rate was recorded in India in the
Answer
C. Service sector
75
The average annual growth rate of the GDP in India during the post reform period is
Answer
A. 6.5 percent
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