Indian Economy

Which of the following is most closely associated with MPS?

A change in saving divided by change in income
B Change in consumption divided by income
C Investment divided by income
D Savings divided by GDP

In Indian economic terminology, MPS refers to:

A Savings divided by GDP
B Change in consumption divided by income
C change in saving divided by change in income
D Investment divided by income

Which statement about MPS is correct?

A change in saving divided by change in income
B Change in consumption divided by income
C Investment divided by income
D Savings divided by GDP

What is the correct description of Multiplier?

A Inflation rate
B ratio of the final change in income to an initial autonomous spending change
C Tax rate
D Debt ratio

Which of the following is most closely associated with Multiplier?

A Inflation rate
B Tax rate
C Debt ratio
D ratio of the final change in income to an initial autonomous spending change

In Indian economic terminology, Multiplier refers to:

A Debt ratio
B Tax rate
C ratio of the final change in income to an initial autonomous spending change
D Inflation rate

Which statement about Multiplier is correct?

A ratio of the final change in income to an initial autonomous spending change
B Debt ratio
C Tax rate
D Inflation rate

What is the correct description of Opportunity cost?

A Tax liability
B Gross output
C value of the next-best alternative forgone
D Accounting profit

Which of the following is most closely associated with Opportunity cost?

A Tax liability
B Gross output
C value of the next-best alternative forgone
D Accounting profit

In Indian economic terminology, Opportunity cost refers to:

A Accounting profit
B Tax liability
C Gross output
D value of the next-best alternative forgone

Which statement about Opportunity cost is correct?

A Tax liability
B Gross output
C Accounting profit
D value of the next-best alternative forgone

What is the correct description of Scarcity?

A Price stability
B Unlimited resources
C the condition in which resources are limited relative to wants
D Zero demand

Which of the following is most closely associated with Scarcity?

A Price stability
B Unlimited resources
C Zero demand
D the condition in which resources are limited relative to wants

In Indian economic terminology, Scarcity refers to:

A Unlimited resources
B Price stability
C Zero demand
D the condition in which resources are limited relative to wants

Which statement about Scarcity is correct?

A the condition in which resources are limited relative to wants
B Unlimited resources
C Zero demand
D Price stability

What is the correct description of Inflation?

A A one-time rise in one price
B A rise in real wages
C A sustained fall in prices
D a sustained rise in the general price level

Which of the following is most closely associated with Inflation?

A A rise in real wages
B A one-time rise in one price
C A sustained fall in prices
D a sustained rise in the general price level

In Indian economic terminology, Inflation refers to:

A a sustained rise in the general price level
B A rise in real wages
C A sustained fall in prices
D A one-time rise in one price

Which statement about Inflation is correct?

A A one-time rise in one price
B A rise in real wages
C a sustained rise in the general price level
D A sustained fall in prices

What is the correct description of Deflation?

A A rise in prices
B A rise in money supply
C A slower inflation rate
D a sustained decline in the general price level

Which of the following is most closely associated with Deflation?

A A rise in money supply
B A slower inflation rate
C a sustained decline in the general price level
D A rise in prices

In Indian economic terminology, Deflation refers to:

A A rise in money supply
B A rise in prices
C a sustained decline in the general price level
D A slower inflation rate

Which statement about Deflation is correct?

A A slower inflation rate
B A rise in money supply
C a sustained decline in the general price level
D A rise in prices

What is the correct description of Disinflation?

A Currency appreciation
B A fall in the price level necessarily
C a reduction in the rate of inflation
D Hyperinflation

Which of the following is most closely associated with Disinflation?

A A fall in the price level necessarily
B Currency appreciation
C Hyperinflation
D a reduction in the rate of inflation