Economics Questions and Answers for Competitive Exams | Indian Economy Quiz Set 28
Questions
1
Which one of the following assumptions is the most important assumption in the Heckscher - ohlin theorem of international trade ?
Answer:No tariff
2
In dual gap model, the two gaps refer to :
Answer:Savings constraint and foreign exchange constraint
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3
What is the value of the Gini coefficient for an income distribution characterised by complete equality incomes ?
Answer:Zero
4
Which of the following has not been identified as a potential consequence of global warming ?
Answer:The use of nuclear energy
5
Monetary policy is most effective when investment spending is :
Answer:Interest elastic and the demand for money is interest inelastic
6
Slope of the LM Curve depends upon which of the following ?
Answer:Interest elasticity of investment
7
In a closed economy and three sector model which of the following is true ?
Answer: Household savings plus taxes plus depreciation equals gross investment plus government spending
8
According to Keynes, the marginal efficiency of capital is the expected :
Answer:Rate of return on real investment
9
An interest rate risk means :
Answer:A rise in interest rate will mean a fall in the value of security in the secondary market
10
In the classical macro system money determines which of the following ?
Answer:Prices
11
When nominal GDP is ` 11,000 crores and real GDP is ` 10,000 crores, GDP deflator is :
Answer:110
12
Recently the base year for calculating GDP in India has been changed to :
Answer:2011 - 12
13
Which of the following states has the largest share in the total food grains produced in India ?
Answer:U.P.
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