Economic and Social Issues (ESI) Quiz 7 : For NABARD GRADE A 2020 & RBI GRADE B 2020 June 18, 2020June 10, 2021 Please enter your email: 1. Consumer sovereignty means Consumers are free to spend their income as they like Consumers have power to control The economy The power of consumers to determine what goods and services are produced Consumers goods are free from government control None of the above 2. Who are the main bearers of the burden of the Indirect tax ? Manufactures Traders Consumers Tax Payers None of the above 3. The long term fiscal policy proposes to maintain the stability of which quantity? Direct Tax Ratio of tax to Income Ratio of tax revenue to national income Indirect Tax rates None of the above 4. The major aim of the devaluation is to ? Encourage imports Encourage Exports Encourage both Imports and Exports Discourage both the exports and imports None of the above 5. Which cost is related to the marginal cost? Variable Cost Implicit Cost Prime Cost Fixed Cost None of the above 6. India exports power to which country? Bangladesh Myanmar Pakistan Bhutan None of the above 7. The Keynesian consumption function shows a relation between aggregate consumption and total population aggregate consumption and general price level aggregate consumption and aggregate income aggregate consumption and interest rate None of the above 8. Interest paid to a bank for a crop loan is what kind of economic activity? intermediate consumption a transfer payment a factor payment capital formation None of the above 9. Economic planning is an essential feature of Socialist economy Capitalist economy Mixed economy Dual economy None of the above 10. Monopolistic competition produces Close substitutes Perfect substitutes Complementary goods Homogeneous goods None of the above Loading …
