MCQs on Economics -18

1. The „Swiss Formula of World Trade Organisation is related with?
(A) Patent of drugs
(B) Agricultural subsidy
(C) Transboundary services
(D) Non-agricultural tariff

2. The Securities and Exchange Board of India has recently made the rating of Initial Public offerings mandatory. The total number of such grades are?
(B) Four
(D) Six

3. Consider the following statement— “Once a person has spent his entire income, he would have maximized his total pleasure from it only if the satisfaction gained from the last item of each commodity bought was the same for the each commodity.” The above statement is related to?
(A) Gossens First Law
(B) Gossens Second Law
(C) Gossens Third Law
(D) Gossens Fourth Law

4. Which of the following results in an increase in inventory sales ratio?
(A) A decrease in the cost of holding inventory
(B) An increase in probability delivery delays for materials
(C) A decrease in the probability delivery delays for materials
(D) An increase in the cost of: holding inventory

5. For implementing a comprehensive Khadi Reform Programme, a financial aid of $ I million over a period of three years has been tied up with?
(A) International Monetary Fund
(B) International Development Agency
(C) Asian Development Bank
(D) International Finance Corporation

6. For n consecutive natural numbers, the following relationship is correct?
(A) Mode = Mean
(B) Mean = Median
(C) Mode > Median
(D) Mode < Mean

7. The measure of the degree of association between the values of two random variables is called?
(A) Correlation
(B) Association
(C) Regression
(D) Co-variance

8.The current level of maternal morality rate in India is approximately?
(A) 150 per one lac live births
(B) 250 per one làc live births
(C) 350 per one lac live births
(D) 450 per one lac live births

9. In any set of numbers, the geometric mean exists only when all numbers are?
(A) Positive
(B) Negative
(C) Zero
(D) Positive, zero or negative

10. If correlation coefficient is equal to zero, then variables will be?
(D) Dependent

11. The concept of Adjusted Net Saving has been given by?
(B) Friedman
(D) Pigou

12. Harris-Todaro model is related with?
(A) Growth and unemployment
(B) Growth and migration
(C) Unemployment and migration
(D) Unemployment and inflation

13. Density test is used for?
(A) Median
(B) Mean
(C) Mode
(D) Quartile

14. In the Keynesian saving function, the parameter is ?
(A) Disposable income
(B) Total saving
(C) Marginal propensity to save
(D) Autonomous saving

15. A simple correlation can defined as the tendency of?
(A) Independent variation
(B) Dependent variation
(C) Simultaneous variation
(D) Instantaneous variation



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