Originally, the maximum and minimum limits of the Statutory Liquidity ratio prescribed in India was
Answer:40 percent and 25 percent
Who among the following economists considered the rate of interest to influence the transaction demand for money ?
Among other things, which one of the following was the purpose for which Deepak Pareksh Committee was constituted ?
Answer: To suggest the measures for financing the development of infrastructure.
Which Finance Commission has used forest cover as a criterion for horizontal distribution of resources in India ?
Answer:14th Finance Commission
Who among of the following is associated with the theory of optimal taxation ?
To reach an economically efficient output level, the size of an excise tax imposed on a firm generating negative externality should be
Answer:the difference between the social marginal cost and the firm’s marginal cost
Which among the following is the reason for Convergence exhibited by the Solow growth model ?
Answer:Declining marginal productivity of capital.
Who among the following economists was not concerned with the problem of surplus labour ?
For the Harrod’s model of growth, which among the following production functions best matches with the assumptions of the model ?
Answer:Leontief production function
New Keynesian economics challenges which among the following schools of thought regarding the full adaptability of a policy change on the part of economic agents ?
Answer:New classical economics
Who among the following developed the ‘Wage-goods model’ of planning ?
Answer:C.N. Vakil and P.R. Brahmanand
A key property of A.K. model is
Answer:absence of diminishing returns with respect to capital.
In Pasinetti’s model of growth the interplay among which variables is crucial ?
Answer: Profit rate, Distribution of income and economic growth.
Which among the following will constitute Foreign Direct Investment (FDI) ?
When two or more countries enter into an agreement to eliminate import quota and tariffs and promote trade among themselves, such a group of countries are said to form a