Question 1

The role of Government would be highest in which of the following type of economy:

Accepted Answer

A) Free market economy 
B) Keynesian Economy 
C) Mixed Economy 
D) Socialist Economy 
A) Free market economy 
B) Keynesian Economy 
C) Mixed Economy 
D) Socialist Economy

Question 2

Maximum Social Advantage is achieved,

Accepted Answer

A) at the point where the marginal social benefit of public expenditure and the marginal social sacrifice of taxation are equated 
B) at the point where the marginal social benefit of public expenditure is higher than the marginal social sacrifice of taxation 
C) at the point where the marginal social benefit of public expenditure is lower than the marginal social sacrifice of taxation 
D) at the point where the marginal social benefit of public expenditure and the marginal social sacrifice of taxation are zero 
A) at the point where the marginal social benefit of public expenditure and the marginal social sacrifice of taxation are equated 
B) at the point where the marginal social benefit of public expenditure is higher than the marginal social sacrifice of taxation 
C) at the point where the marginal social benefit of public expenditure is lower than the marginal social sacrifice of taxation 
D) at the point where the marginal social benefit of public expenditure and the marginal social sacrifice of taxation are zero

Question 3

Psychological law of consumption states that the value of MPC is lies between zero and

Accepted Answer

A) 1 
B) 2 
C) 3 
D) 4 
A) 1 
B) 2 
C) 3 
D) 4

Question 4

The most important source of revenue to the states is

Accepted Answer

A) Sales tax 
B) Service tax 
C) Excise duty 
D) None of the above 
A) Sales tax 
B) Service tax 
C) Excise duty 
D) None of the above

Question 5

Net investment is also known as

Accepted Answer

A) Depreciation 
B) Induced investment 
C) Autonomous investment 
D) Capital formation 
A) Depreciation 
B) Induced investment 
C) Autonomous investment 
D) Capital formation

The role of Government would be highest in which of the following type of economy:

Maximum Social Advantage is achieved,

Psychological law of consumption states that the value of MPC is lies between zero and

The most important source of revenue to the states is

Net investment is also known as

Economics : Macroeconomics, Factors, Goods, and Indicators

Understanding National Income, GDP, and Economic Sectors in India

National Income and Final Goods

Money and Monetary Policy: Understanding the Characteristics and Functions of Currency and Government Securities

Money and Inflation

Macroeconomic Concepts and Theories

Understanding Public Finance and Business Cycles

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Exam 7: Economics and Public Finance

The role of Government would be highest in which of the following type of economy:

Maximum Social Advantage is achieved,

Psychological law of consumption states that the value of MPC is lies between zero and

The most important source of revenue to the states is

Net investment is also known as

Economics : Macroeconomics, Factors, Goods, and Indicators

Understanding National Income, GDP, and Economic Sectors in India

National Income and Final Goods

Money and Monetary Policy: Understanding the Characteristics and Functions of Currency and Government Securities

Money and Inflation

Macroeconomic Concepts and Theories

Understanding Public Finance and Business Cycles

Filters