Q Biggest source of capital receipts of the Union Government is

A. market borrowings
B. external assistance
C. small savings
D. provident fund
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Y490
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Y490
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Market value of a Motor Vehicle at the time of

purchase was 5,50,000. After two years, its
market value is estimated to be 2,50,000. The
reason for fall in the value is :
(a) Normal Wear and Tear
(b) Decrease in cost
(c) Unexpected Obsolescence
(d) All of these
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Which of the following is not a" factor payment’ ?

(a) Free uniform to defence personnel
(b) Salaries to the Members of Parliament
(c) Rent paid to the owner of a building
(d) Scholarship given to the students
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'Gross Investment' is also known as:

(1) Gross Domestic Capital Formation,
(ii) Gross Capital Formation
(iii) Gross Fixed Capital Formation,
(iv) Gross Domestic Fixed Capital Formation.
(a) Both (i) and (ii)
(b) (1)
(c) (ii)
(d) (1). (ii) and (iv)
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If a farmer sells wheat to miller for 1000 and

miller sells flour to baker for 1200 and baker
sells bread to consumers for 1600, then total
value added by 'miller' and 'baker' is:

(a) 500 (b) 300 (c) 1,600 (d) 1,200

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Which of the following fact is correct about APC?

(a) Value of APC varies between 0 and 1.
(b) MPC of rich is more than that of poor
(c) MPC falls with successive increase in income
(d) All of these
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Average Propensity is …… to Consume is B

and Average Propensity to Save is……. point A.
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What will be the level of ex-ante aggregate

demand when autonomous investment and
consumption expenditure is 100 Crore and MPS
is 0.4 and level of income is 4,000 crore.
(a) 3,250 Crore (b) 2,500 Crore
(c) 1,700 Crore (d) 3,500 Crore
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……is exercised through discussions, letter

sand speeches to banks.
(a) Moral suasion
(b) Selective Credit Controls
(c) Margin Requirements
(d) Open Market Operations.
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Which of the following statement is true?

(a) Loans from IMF is a Revenue Receipt.
(b) Higher revenue deficit necessarily leads to
higher fiscal deficit.
(c) Borrowing by a government represents a
situation of fiscal deficit.
(d) Revenue deficit is the excess of capital
receipts over the revenue receipts.
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The problem of is caused by high levels of chlorine

and bromine compounds in the stratosphere.
(a) Ozone depletion
(b) Global warming
(c) Water pollution
(d) All of these
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18. An Indian company receives rent from Uk.

This transaction would be recorded on
(a) Credit, Current side of account.
(b) Credit, Capital
(c) Debit, Capital
(d) Debit, Current
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What will be the consumption level, if income

level is 500 crore, autonomous consumption 30
crore and MPS = 0.3

(a) -30 crore (b) 380 crore

(c) 40 crore (d) 500 crore
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Reason for environmental crisis is:

(a) Population explosion and advent of
industrial revolution
(b) Extensive extraction of renewable and
nonrenewable resources
(c) Both (a) and (b)
(d) Neither (a) nor (b)
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Which of the following is the correct difference between
physical and human capital?
(a) Physical capital can be sold but human capital cannot
be sold.
(b) Physical capital cannot be separated from its owner
while human capital can.
(c) Physical capital provides both private and social
benefits while human capital provides only social
benefits provides only social benefits.
(d) The depreciation of physical capital can be arrested
with more investment while human capital will
continue to deplete.
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Recent studies of poverty show that the lower castes of India form the poorest
10% in the country. Every second person from the Scheduled nTribes and
every third person from the Scheduled Castes are poor. Every second ST, every
third Dalit & Muslim in India poor, and not just financially: UN report, The
Print, 2019.The above lines show that caste is an important determinant of
poverty.
Which of the following statements best describes how a person's caste
influences poverty?
(a) Lower castes face systemic poverty, leading to a lack of access to public
resources like employment, health and education.
(b) Lower castes have very high consumption and expenditure rates owing to
their poor living conditions.
(c) The Indian government has continuously ignored the lack of welfare
schemes for lower castes.
(d) The population of lower castes is much higher than other castes.
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'Since independence, India has witnessed a considerable Identify fall in the

Infant Mortality Rate in India', which of the following may not be one of the
reasons for the fall in the Infant Mortality Rate?
(a) Improvement in health facilities over the years
(b) Improvement in educational standards over the years
(c) Fall in standard of living of the population of the nation over the years
(d) Technological expansion over the years
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Which of the following is the correct difference between physical and human
capital?
(a) Physical capital can be sold but human capital cannot be sold.
(b) Physical capital cannot be separated from its owner while human capital
can.
(c) Physical capital provides both private and social benefits while human
capital provides only social benefits provides only social benefits.
(d) The depreciation of physical capital can be arrested with more investment
while human capital will continue to deplete.
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When Nominal Gross Domestic Product (GDP)is 850 crore and Price Index is
170, Real Gross Domestic Product will be (in crore).

(a) 1000 (b) 1500 (c) 500 (d) 700

Economics Daily class 5 pm Max. Discount USE Code – Y490
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Y490
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Y490
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