LIST OF ATTEMPTED QUESTIONS AND ANSWERS

True/False
Question A Joint Stock Company is managed by the Board of Directors elected by
shareholders.
Correct Answer True

Your Answer True

Multiple Choice Single Answer

Question For an economist, Tata Eng & Locomotive Company Ltd is a :-

Correct Answer Firm

Your Answer Industry

Multiple Choice Multiple Answer

Question Consumption function refers to :-

Correct Answer Income consumption relationship , Representation as c=f(y) , Functional

relationship between two aggregates
Your Answer Income consumption relationship , Functional relationship between two
aggregates , Representation as s=f(y)

True/False
Question Demand curve slopes downwards from left to right.

Correct Answer True

Your Answer True

Multiple Choice Single Answer

Question As far as its use is concerned, the defence service can be categorized as:-

Correct Answer Indivisible

Your Answer Divisible

Multiple Choice Single Answer

Question If supply of goods and services can be increased to correspond with every
increase in demand, price level will tend to :-
Correct Answer Be stable

Your Answer Be stable

Multiple Choice Multiple Answer

Question Objectives of economic policy are :-

Correct Answer To increase the efficiency and international competitiveness of industrial

production , To improve the performance and rationalize the scope of the public
sector , To reform and modernize the financial sector