GK Economics Test 13

GK – Economics Test – 03

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1. If the Indian is making a loss on passenger traffic, it should increase its prices. The suggested remedy would only work if the demand for air travel had a price elasticity of

 
 
 
 

2. The two-gaps theory refers to

 
 
 
 

3. The goals of monetary policy do not include

 
 
 
 

4. Bank rate means

 
 
 
 

5. The angency estimating the national income of India is

 
 
 
 

6. Saving is a function of

 
 
 
 

7. Private investment will most-likely to be increased as a result of a rise in

 
 
 
 

8. The total utihty which a consurner derives from n units of a commodity minus the total utility he derives firom ‘n -1’ unit is

 
 
 
 

9. If a firm is producing an output the marginal cost of which is greater then the marginal revenue,it

 
 
 
 

10. Currency drain is a phenomenon referresd to when

 
 
 
 

Question 1 of 10