1. The user cost of capital is?
(A) The real rate of interest plus the rate of depreciation
(B) The nominal rate of interest plus the rate of depreciation
(C) The real rate of interest only
(D) The nominal rate of interest only

2. The number of items reserved for the exclusive manufacture by micro and small enterprises is currently?
(A) Less than 25
(B) Less than 50
(C) Less than 75
(D) Less than 100

3. A new housing price index RESIDEX has been launched by?
(A) Central Statistical Organization
(B) Planning Commission
(C) Housing Development Finance Corporation
(D) National Housing Bank

4. Which one of the following is not a feature of current Indian Planning?
(A) Structural Planning
(B) Indicative Planning
(C) Functional Planning
(D) Decentralised Planning

5.The concept of disinvestment was introduced by?
(A) Friedman
(B) Kaldor
(D) Myrdal

6. Which of the following is average of second order?
(A) Arithmetic mean
(B) Geometric mean
(C) Second quartile
(D) Standard deviation

7. Which average is most affected by the extreme observations?
(A) Arithmetic mean
(B) Geometric mean
(C) Median
(D) Mode

8. If the covariance of two variables is equal to the product of the standard deviations of the variables, then the correlation coefficient will be?
(A) -1
(C) 0
(D) Between 0 and -1

9. The term „Animal Spirit was used by Keynes for?
(A) Consumption
(B) Investment
(C) Income
(D) Interest

10. The index of Financial Inclusion has been launched for the first time in 2008 by?
(A) Confederation of Indian Industries (CII)
(B) Federation of Indian Chamber of Commerce and Industry (FICCI)
(C) National Council of Applied Economic Research (NCAER)
(D) Indian Council for Research on International Economic Relations (ICRIER)

11.The elasticity of factor substitution for constant elasticity substitution production function is always?
(A) Zero
(B) One
(C) A positive value
(D) A negative value

12.The Revealed Preference theory assumes?
(A) Weak ordering
(B) Strong ordering
(C) Constant ordering
(D) Multiple ordering

13. Which of the following is not an item of transfer payment?
(B) Scholarship
(D) Subsidy

14. The number of women entrepreneurs in small scale industrial region is highest in the state of? (A) Karnataka
(B) Kerala
(C) Maharashtra
(D) Tamil Nadu

15. Which of the following is not an effect of lump sum tax imposed on monopolist?
(A) Output sold is unchanged
(B) Price is unchanged
(C) Profit reduces
(D) Incidence of tax is wholly on buyer