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You Are On Multi Choice Question Bank SET 2009

100451. The price elasticity of supply is elastic when

100452. The wants satisfying power of a commodity or service is

100453. Ordinal utility approach postulation that utility Can be measured Need not be measured Can't be measured Rank his order of preference

100454. The assumption of revealed preference theory states that conusmer has to choose

100455. If the marginal rate of substitution is increasing, the indifference courve will be

100456. Under which condition consumer is in a state of Equilibrium

100457. Which one of the following is not a recommendation of fourteenth finance commission?

100458. Which one of the following statements about the Companies Act 2013 is not correct?

100459. Which of the following factors led to the decline in inflation rate in India during 2014-15? 1.Persistent decline in crude oil prices 2.Softness in global prices of tradables such as edible oils and coals 3.Tight monetary policy pursued by the Reserve Bank of India Select the correct answer using the codes below

100460. In view of the fact that kerosene is an inferior good in India,what are its implications? 1.As households get richer,they consume less kerosene 2.Over time there is decline in quality of kerosene 3.Government needs to stop subsidies on kerosene Select the correct answer using the codes given below

100461. Which one of the following statements with regard to India's economy between 1814 to 1860 is not correct?

100462. What is meant by 'public good'?

100463. Which one of the following does not form part of Immanual Kant's theory of perpetual peace?

100464. What is meant by price discrimination?

100465. Which one of the following is not a component of 'realist theory'

100466. Which one of the following is an example of natural monopoly?

100467. Which one of the following represents a progressive tax structure?

100468. Which of the following statements in the context of income-environment relationship is correct? 1.pollution trends tend to follow an inverse U shaped relationship across different stages of economic development 2.In the beginning stage,pollution increases due to urbanization and industrialization 3.In the later stage,pollution declines due to structural changes in the service sector Select the correct answer using the codes below

100469. Which one of the following is not an example of externalities?

100470. Which one of the following is the major source of Gross Tax Revenue(GTR) for the Government of India?

100471. Private investment in Indian agriculture is mostly on labour saving mechanization.This could be a response to

100472. Which one of the following is not correct in the context of industrial clusters development of India?

100473. Under flexible exchange rate system,the exchange rate is determined

100474. Which one of the following is not a part of service sector in India?

100475. Convertibility of rupee implies

100476. Which of the following brings out the Consumer Price Index Number for Industrial Workers?

100477. There has been a persistent deficit budget year after year. Which of the following actions can be taken by the government to reduce the deficit?1. Reducing revenue expenditure2. Introducing new welfare schemes3. Rationalizing subsidies4. Expanding industriesSelect the correct answer using the code given below.

100478. The problem of international liquidity is related to the non-availability of

100479. The substitution of steel for wooden ploughs in agricultural production is an example of

100480. With reference to inflation in India, which of the following statements is correct?

100481. With reference to Indian economy,consider the following :1. Bank rate2. Open market operations3. Public debt4. Public revenue

100482. With reference to Indian economy,consider the following statements :1. The rate of growth of Real Gross Domestic Product has steadily increased in the last decade.2. The Gross Domestic Product at market prices (in rupees) has steadily increased in the last decade.Which of the statements given aboveis/arc correct?

100483. When the Reserve Rank of India reduces the Statutory Liquidity Ratio by 50 basis points, which of the following is likely to happen?

100484. The Fair and Remunerative Price (FRP) of sugarcane is approved by the

100485. In the Index of Eight Core Industries, which one of the following is given the highest weight?

100486. A decrease in tax to GDP ratio of a country indicates which of the following?1. Slowing economic growth rate2. Less equitable distribution of national income

100487. With reference to the Fourteenth Finance Commission, which of the following statements is/are correct? 1.It has increased the share of States in the central divisible pool from 32 percent to 42 percent. 2.It has made recommendations concerning sector-specific grants.

100488. 'Pradhan Mantri Jan-Dhan Yojana' has been launched for

100489. What is CAGR ?

100490. NUUP (National Unified NUUP Platform) is a USSD based mobile banking service from

100491. First small-and medium enterprises (SME) Bank launched by

100492. Which of the following introduced Paperless SIP(systematic investment plans) ?

100493. CASA ratio stands for

100494. The New Development Bank is associated with which international organization ?

100495. SDR is an international reserve asset created by

100496. Recently which currency is added to IMF’s SDR basket ?

100497. Employees Provident Fund Organisation is under which ministry ?

100498. Varishtha Pension Bima Yojana is related to

100499. A Ponzi scheme is controlled by which Organization ?

100500. RRB Credit Refinance fund set up by

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