Q1. What does the law of demand state?
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Q2. Which index is used to measure inflation?
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Q3. The fiscal deficit indicates:
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Q4. In the IS-LM model, what does the LM curve represent?
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Q5. Marginal propensity to consume (MPC) is:
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Q6. Which of the following is NOT a direct tax?
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Q7. Inflation caused by increase in aggregate demand is called:
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Q8. The elasticity of demand measures:
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Q9. Which measure is used to assess the inequality in income distribution?
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Q10. The term “Open Market Operations” refers to:
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Q11. Fiscal policy involves:
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Q12. Which indicator reflects economic growth?
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Q13. The Phillips curve shows the relationship between:
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Q14. What does the term “Balance of Payments” signify?
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Q15. Which is a characteristic of a perfectly competitive market?
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Q16. The concept of “Opportunity Cost” means:
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Q17. Which sector is classified as the tertiary sector?
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Q18. “Monopolistic Competition” is characterized by:
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Q19. The term “Crowding Out Effect” refers to:
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Q20. Which institution regulates monetary policy in India?
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Q21. GDP at market prices includes:
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Q22. The “Human Development Index” measures:
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Q23. The Laffer curve illustrates the relationship between:
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Q24. Which of the following is NOT a fiscal policy tool?
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Q25. In the Keynesian model, aggregate demand is:
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Q26. Which is the largest component of India’s GDP?
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Q27. Inflation targeting in India is done by:
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Q28. Which is NOT part of the Indian Planning Commission’s tasks?
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Q29. What is “Public Finance”?
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Q30. Which is the most widely used method to calculate national income?
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