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WorksheetsEconomics II_PUE July 2020
Total questions: 20
Worksheet time: 10mins
Per Capita National Income means:
NNP/Population
Total Capital/Population
Population/NNP
None of the above
Which one of the following is NOT included in GNP?
Production of the final goods in the current year
Transfer Payments
Capital Depreciation
None of the above
Which of the following is correct?
GNP= Gross Net Production
NNP=Net National Product
NI=Net Income
GDP=Gross Demand for Production
Distinction between GNP & GDP is:
Gross Foreign Investment
Net Foreign Investment
Net Export
Net source of Income from Foreign
Which one of the following is greater in the size?
Gross National Product
Net National Product
National Income
Personal Income
Supply creates its own demand is advocated by:
Marshall
J.B. Say
Keynes
Ricardo
Disguised unemployment means:
Seasonal unemployment
Where marginal productivity of labour is zero
Frictional unemployment
None of the above
In classical theory, unemployment is only a :
Short run problem
long run problem
Major problem
Minor problem
Temporary unemployment while changing of jobs is called:
Frictional unemployment
Voluntary unemployment
Involuntary unemployment
Seasonal unemployment
Depression occurs because of:
Frictional unemployment
Voluntary unemployment
Involuntary unemployment
Seasonal unemployment
Keynes suggested which of the following motives led to the demand for money in the economy:
Transaction Motive
Precautionary Motive
Speculative Motive
All of the Above
which one of the following statement is NOT correct:
The writer of the book 'The Purchasing power of money' was Irving Fisher
The relation between the value of money & price level is an inverse one.
If quantity of money is doubled, the price -level is halved.
Quantity Theory of money is propounded by Fisher
Velocity of money is related to :
Quantity theory of money
Income theory
Theory of Interest
None of these
As per Fisher's quantity theory, The relationship between value of money & general price level is :
Direct
Indirect
Inverse
Proportional
The correct form of fisher's equation is :
PT= MV+M'V'
MV=PT+M'V'
P=(MV+M'V')/T
1& 3 both are correct
Which of the following is the Bank Money?
Coins
Currency
Cash Reserves of Banks
Demand Deposits in Banks
Central Bank is a/an
Regional Bank
Commercial Bank
Rural Bank
Apex Bank
What do you mean by credit creation by commercial Banks?
It is the process of total withdrawal
It is the process of loan creation
It is the process of total deposit creation
It is the process of creation of foreign exchange
Barter system is
Exchange of money
Exchange of goods
Exchange of trade
Exchange of Foreign Exchange
One of the measures of money supply is
N1
O1
M1
P1
