Q.31)-Personal dispoable income is-
  • Always equal to personal income
  • Always more than personal income
  • Equal to personal income minus direct taxes paid by household
  • Equal to personal income minus indirect taxes
Q.32)-Who said ''Supply creats its own demand"?
  • Adam Smith
  • J.B. Say
  • Marshall
  • Ricardo
Q.33)-Speculative demand for cash is determined by-
  • The rate of interest
  • The level of income
  • The general price level
  • The market conditions
Q.34)-What is needed for creating demand?
  • Production
  • Price
  • Income
  • Import
Q.35)-Effective demand depends on-
  • Capital output ratio
  • Output capital ratio
  • Total expenditure
  • Supply Price
Q.36)-The supply - side economics lays greater emphasis on-
  • Producer
  • Globel economy
  • Consumer
  • Middle Man
Q.37)-When price of a substitute of commodity 'x' falls, the demand for 'x'-
  • Falls
  • Remains unchanged
  • Increase at increasing rate
  • Rises
Q.38)-J.B. Say's Law of Market was not accepted by:
  • Adam Smith
  • Mashall
  • Malthus
  • David Ricardo
Q.39)-The time element in price analysis was introduced by-
  • J.M. Keynes
  • Alfred Marshall
  • J.S. Mill
  • J.R. Hicks
Q.40)-When the demand for a good increases with increase in income , such a good is elastic______.
  • Superior good
  • Giffen good
  • Inferior good
  • Normal good