Q.21)-Which of the following are consumer semi-du-rable goods
- Cars and television
- Milk and Milk products
- Foodgrain and other food products
- Electical appliance like fans and electric irons
Q.22)-Who among the following is not a classical economist
- David Ricardo
- John Richard
- Thomas Malthus
- Johan Maynard Keynes
Q.23)-The terms "Micro Economics" and Macro Economics" were coined by
- Alfred Marshall
- Ranger Nukse
- Ranger frisch
- J.M. Keynes
Q.24)-Accoding to the classical system , saving is a function of
- Income
- The interest rate
- The real wage
- The price level
Q.25)-The self-employed in a developing country who are engaged in small scale labour intensive work belong to the
- Informal sector
- Primary sector
- Secondary sector
- Tertiary sector
Q.26)-Price mechanism is a feature of
- Capitalist economy
- Barter economy
- Mixed economy
- Socialist economy
Q.27)-The main feature of a capitalist economy is
- Administered prices
- Public ownership
- Economic planning
- Private ownership
Q.28)-A camera in the hands of a profesional photographer is a ___________good
- Free
- Intermediary
- Consumer
- Capital
Q.29)-Production of a commodity mostly through the natural process is an activity of
- Primary sector
- Secondary sector
- Tetiary sector
- Technology sector
Q.30)-According to Keynes, business cycles are due to variation in the rate of investment cause by fluctuations in the
- Marginal efficiency of capital
- Marginal propensity to save
- Marginal propensity to consumption
- Marginal efficiency toinvestment