BANKING TERMS RELATED OBJECTIVE

Q. The Deficit Budget in which the deficits are covered through taxes is called -
1 Unbalanced Budget
2 Balanced Budget
3 Surplus Budget
4 Zero-base Budget
Ans: 1
Q. Funds not belonging to the Government are called--
1 Consolidated Fund
2 Contingency Fund
3 Private Accounts
4 Public Accounts
Ans: 3
Q. Which group represents the interests of the developing countries?
1 G-77
2 G-7
3 G-10
4 G-80
Ans: 2
Q. The doctrine of unbalanced growth has not been advocated by -
1 W.A.Lewis
2 H.W.Singer
3 A.O.Hirschman
4 C.P.Kindleberger
Ans: 4
Q. The Phillips Curve shows the relation between--
1 Income and consumption
2 Income and Investment
3 Inflation and unemployment
4 Income and price level
Ans: 2
Q. Shift in LM curve takes place to--
1 Increase in autonomous investment
2 Increase in saving rate
3 Increase in consumption
4 Increase in money supply
Ans: 4
Q. In the classical theory, an increase in money supply leads to--
1 Decrease in price level
2 Increase in savings
3 Increase in price level
4 Decrease in investment
Ans: 3
Q. Social Welfare Function is assumed--
1 Hypothetically
2 Empirically
3 Axiomatically
4 Theoretically
Ans: 1
Q. In the classical theory, an increase in money supply leads to -
1 Decrease in price level
2 Increase in price level
3 Decrease in investment
4 Increase in savings
Ans: 2
Q. The demand for labour by a firm is a derived demand because it depends upon -
1 The demand for goods and services that labour helps to produce
2 Thee degree of substitution between labour and other factors of production
3 The demand for other factors of production
4 The elasticity of demand for labour
Ans: 1