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