GK Economics Test 3

GK – Economics Test – 03

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1. NNP (Net National Product)or National Income is the money value of


2. The demand for a good in elastic if


3. If two goods are complements, it is that a rise in the price of one commodity will induce


4. Demand means


5. Customs duties, export duties, Oration taxes, taxes on capital value of assets (excluding agricultural land of individuals and companies) are


6. The balance of payment comprises


7. Which of the following is correct regarding the gross domestic savings in india?


8. Deflation is


9. At full employment income, which of the following would be most likely, to lead to inflation?


10. Other things being equal, a decrease in demand can be caused by a decrease in demand can be caused by a


Question 1 of 10