Quiz -1

what is Inflation

• It is continues increase in prize level

• It is a economics phenomenon

• Both of the above

• None of the above

Answer explanation

1- it is continuous increase in the prize level

2- it is economics variables

3- Both of above

4- None of the above

Indian Economy is the 5th largest economy in the World.

• Yes

• No

India changed over to the decimal system of coinage in

• April 1995

• April 1957

• April 1958

• April 1959

In the second nationalization of commercial banks, (a)   banks were nationalized.

Which of the following is a microeconomics statement ?

• the real domestic output increased by 2.5 % last year

• unemployment was 9.8% of the labour force last year

• the price of wheat determines its demand

• the general price level increased by 4% last year

Types of capital rationing

• hard capital rationing

• evaluation of projects

• establishing priorities

• all the above

Firm can decide the dividend to be fixed for their sharehoders

• dividend decision

• distribution decision

• make or buy decision

• safety margin

The firm decides the expansion of production capacity

• product planning

• activity planning

• profit planning

• target capacity

What are the macro economics system ----

• capitalistic

• socialism

• mixed

• all the above

Who wrote famous books An enquiry into the Nature and Causes of the Wealth of Nations

• Alfred Marshal

• J. M. Keynes

• Adam Smith

• None of the Above