Question 6 :
The difference between the positive and normative approach in economics is that ___________.
Question 7 :
In pre-historic period, man wandered from one place to another to satisfy his 'Wants'. Here 'Wants"  is referred to _____.<br/>
Question 9 :
When the rate of money inflation increases then the prices of commodities _____.
Question 11 :
"Economics is what it ought to be", This statement refers to which of the following terms in economics?
Question 14 :
In the above conservation whose statements shows positive aspect of Economics?
Question 15 :
Any point beyond the PPF is not attainable due to ______.<br/>
Question 16 :
Direct transfer of cash subsidy has increased allocative efficiency. This is a ____________ statement.
Question 19 :
Maintaining the production of one goods at the same level and increasing the production of other goods is possible only ______.<br/>
Question 22 :
To study the impact of rise in the price of edible oils on the demand of edible oil is the concern of ____________.
Question 23 :
If production possibility curve is a straight horizontal line it means _______.<br/>
Question 25 :
The best indicator of economic development of any country is __________.
Question 27 :
Which of the following cannot be treated as factor of production?
Question 31 :
If production possibilities frontier shifted to the right, this would show _______.<br/>
Question 32 :
The study of impact of increase in money supply on general price level of employment is the subject matter of ____________.
Question 33 :
Senior citizen deserve hike in pension and better medical care. This is a ______________ statement.
Question 38 :
The collection of institutions, laws, activities, controlling values, and human motivations that collectively provide a framework for economic decision-making is known as _________.
Question 43 :
The term "economics" is derived from the Greek words "oikos" and "nomos" meaning _________.
Question 44 :
An outward shift in the production possibility curve implies that ________.
Question 46 :
Economists who are concerned about the behaviour of individual households, firms and industries are studying __________.
Question 49 :
The goods produced by changing the form of raw materials are called _______ goods.
Question 50 :
The raw material received directly from nature become a part of _______ sector.
Question 55 :
Which kind of economics explains the phenomenon of cause and effect relationship?
Question 56 :
What is one of the future consequences of an increase in the current level of consumption?
Question 57 :
'Ceteris paribus' clause in the law of demand does not mean ___________.
Question 59 :
Research in macroeconomics such as the principle of acceleration describing the relationship between income and consumption, has been derived based on ______________.
Question 60 :
A statement which does not offer any suggestion is known as ____________.
Question 61 :
Which of the following is a reason for the curvature or bowed-out shape of the PPF?
Question 64 :
Which of the following is not a variable of macro economics?
Question 65 :
Which among the following describes the major difference between micro economics and macro economics?
Question 67 :
Which of the following would not cause an economy's PPC to shift to the right?
Question 69 :
The budget line of a consumer in the analysis of IC is ______.
Question 70 :
An outward shift in the producation possibiity curve implies that ______.
Question 74 :
Which of the following statements is not true about positive statements?
Question 75 :
Which of the following would not result in an rightward shift of the PPF?
Question 76 :
While laying down theories (like law of demand, law of supply), the __________ aspect of economics is projected and brought out.
Question 78 :
If an economy is operating at a point inside the production possibility curve:
Question 82 :
__________ may be defined as that branch of economic analysis which studies the behaviour of all the units combined together.
Question 84 :
Which of the following are not characteristics of capital as a factor of production?
Question 87 :
Ability to consume the produced goods and services affects which of the following?
Question 89 :
Which of the following is acorrect match of factor of production with itsreward?
Question 90 :
Economics is concerned only with study of economic decisions of individuals, and not with the moral or ethical aspects thereof. This statement considers economics as ____________.
Question 91 :
Which of the following illustrates a decrease in unemployment using the PPF?
Question 92 :
Which, among the following, is not a main factor of production?
Question 93 :
A study of how an increase in the corporate income tax rate will affect the national unemployment rate is an example of:
Question 95 :
Increased production of ___________ would lead to higher production output in future.
Question 97 :
The rate at which one product is transformed into another is called ________.<br/>
Question 98 :
If a point falls inside the production possibility curve, what does it indicate?
Question 99 :
The various combinations of goods that can be produced in any economy when it uses its available sources and technology efficiently are depicted by ________________.
Question 100 :
The GINI index for India in 2000-10 (survey year) was __________.
Question 101 :
Economic meaning of increasing marginal opportunity cost implies that to produce more units of good X, the units of the other good have to be sacrificed on an _________.
Question 103 :
What will be the shape of PPC when marginal opportunity cost is constant?
Question 104 :
Match the items of List-I with List-II<table class="wysiwyg-table"><tbody><tr><td>List - I</td><td>List - II</td></tr><tr><td>(a) Industries Development Regulation Act</td><td>(i) $1947$</td></tr><tr><td>(b) Import and Export Control Act</td><td>(ii) $1948$</td></tr><tr><td>(c) Foreign Exchange Management Act</td><td>(iii) $1951$</td></tr><tr><td>(d) Factories Act</td><td>(iv) $1999$</td></tr></tbody></table>Identify the correct combinations:
Question 105 :
Match the correct pairs:<br/><table class="wysiwyg-table"><tbody><tr></tr><tr><td>Group "A"</td><td>Group "B"</td></tr><tr><td>1. Demand and price</td><td>a. Rent</td></tr><tr><td>2. Perfectly elastic supply</td><td>b. 1935</td></tr><tr><td>3. Land</td><td>c. Transfer income</td></tr><tr><td>4. Unemployment</td><td>d. Horizontal supply curve</td></tr><tr><td>5. Reserve Bank of India</td><td>e. Inverse relation</td></tr></tbody></table>
Question 107 :
Production Possibilities (alternative)<br/><table class="wysiwyg-table"><tbody><tr><td></td><td>A</td><td>B</td><td>C</td><td>D</td><td>E</td><td>F</td></tr><tr><td>Hot pockets </td><td>$15$</td><td>$12$</td><td>$9$</td><td>$6$</td><td>$2$</td><td>$0$</td></tr><tr><td>Eggs</td><td>$0$</td><td>$6$</td><td>$11$</td><td>$15$</td><td>$18$</td><td>$20$</td></tr></tbody></table>Referring to the table, in moving from point D to point C, the opportunity cost of $1$ more Hot Pocket is:
Question 109 :
"The PPC is concave to the origin and slopes downward." Which of the following statements is correct? <br/>(i) This statement is absolutely correct<br/>(ii) This statement is absolutely incorrect<br/>(iii) This statement  indicates increasing opportunity cost<br/>(iv) This statement indicates production of one good is sacrificed for the production of other goods.<br/>
Question 112 :
If a country wants to produce more of one good, it has to produce less of the other - what implication does this statement have on the shape of PPC?