DOWNLOAD HERE JKSSB PANCHAYAT ACCOUNTS ASSISTANT EXAMS MCQs eBOOKLET with HINTS & SOLUTIONS
CHAPTER | MICRO-MACRO ECONOMICS
1. Demand & Suly/Price/Revenue & Cost Devaluation usually causes the internal price to
(a) Fall
(b) Rise
(c) Remain unchanged
(d) None of these
2. The supply-side economics lays greater emphasis on the point of view of :
(a) producer
(b) global economy
(c) consumer
(d) middle-man
3. The price at which the Government purchase foodgrains for maintaining the public distribution system and for building up buffer stocks are known as
(a) Minimum support prices
(b) Procurement prices
(c) Issue prices
(d) Coiling prices
4. Which one of the following agencies of Indian Government implements the price support scheme (PSS)?
(a) FCI
(b) NAFED
(c) Agriculture pricing agency of India
(d) None of the above
5. Who recommends the MSP and issue prices?
(a) Ministry of agriculture
(b) Planning commission
(c) Commission for Agricultural Costs and Prices
(d) NABARD
6. The base of Consumer Price Index for Industrial Workers is being shifted from 1982 to—
(a) 1995
(b) 1998
(c) 2000
(d) 2001
7. With reference to India, consider the following statements
1. WPI is available on a monthly basis only.
2. As compare to Consumer Price Index for the Industrial Worker (CPIIW), the WPI gives less weightage to food articles.
Which of the statements given above is/are correct?
(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2
8. Which of the following would cause the aggregate demand curve to shift to the right?
(a) an increase in purchases by the federal government
(b) an increase in real interest rates
(c) an appreciation of the American dollar
(d) a decrease in the money supply
9. Which of the following statements is true about supply-side economics?
(a) The main change made by the tax laws of 1981 and 1986 was to increase marginal tax rates in order to balance the budget
(b) The Laffer Curve says that, if marginal tax rates fall, tax revenues will rise, and the budget deficit will decrease
(c) If the tax laws of 1981 and 1986 had had their intended effect, consumption would have risen, causing an increase in both real GDP and in the price level
(d) All of these
10. Which of the following is not a ‘Public Good’? [CDS-2016-I]
(a) Electricity
(b) National Defence
(c) Light House
(d) Public Parks
11. What is meant by price discrimination?
[CDS-2015-II]
(a) Increase in price of a commodity over time
(b) A situation where the same product is sold to different consumers for different prices
(c) Subsidization of a product by the Government to sell it at a lower price
(d) General decrease in price of a commodity over time
12. What is meant by ‘Public Good’?
[CDS-2015-II]
(a) A commodity produced by the Government
(b) A commodity whose benefits are indivisibly spread among the entire community
(c) A Government scheme that benefits the poor households
(d) Any commodity that is very popular among general public
13. In view of the fact that kerosene is an inferior good in India, what is/are its implication(s)?
1. As households get richer, they consume less kerosene.
2. Over time there is a decline in quality of kerosene.
3. Government needs to stop subsidies on kerosene.
Select the correct answer using the code below. [CDS-2015-II]
(a) 1 only
(b) 1 and 2 only
(c) 2 and 3 only
(d) 1, 2 and 3
14. Brent index is associated with given [CDS-2011-II]
(a) crude oil prices
(b) copper future prices
(c) gold future prices
(d) shipping rate index
15. Which one among the following is a fixed cost to a manufacturing firm in the short run? [CDS-2017-I]
(a) Insurance on buildings
(b) Overtime payment to worker
(c) Cost of energy
(d) Cost of raw materials
16. The income elasticity of demand for
is [CDS-2013-II]
(a) less than one
(b) less than zero
(c) equal to one
(d) greater than one
17. The average fixed cost curve will always be
[CDS-2013-II]
(a) a rectangular hyperbola
(b) a downward sloping convex to the origin curve
(c) a downward sloping straight line
(d) a U-shaped curve
(.... Continue. ...)
©Kashmir Student®™
