Match the LIST-I with LIST-II
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Match the LIST-I with LIST-II
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Match the LIST-I with LIST-II
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Match the LIST-I with LIST-II
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Arrange the following financial institutions as per their year of establishment in chronological order, starting from the oldest to latest:
(A) National Bank for Agriculture and Rural Development (NABARD)
(B) The Industrial Finance Corporation of India (IFCI)
(C) The Industrial Reconstruction Bank of India (IRBI)
(D) The Industrial Development Bank of India (IDBI)
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Arrange the following authors and their publications in chronological order starting from the oldest to latest:
(A) P A Samuelson, "International Trade and Equalization of Factor Prices"
(B) S B Linder, "An Essay on Trade and Transformation"
(C) Eli Heckscher, "The effect of Foreign Trade on the Distribution of Income"
(D) B Balassa, "Trade Creation and Trade Diversion in European Common Market"
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Which of the following statements are correct about the IS curve?
(A) It shows the combination of the interest rate and the level of income such that the money market is in equilibrium.
(B) It is negatively sloped.
(C) The smaller the multiplier and the more sensitive investment spending is to changes in the interest rate, the steeper the IS curve.
(D) An increase in government purchases shifts the IS curve to the right.
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Life cycle theory of consumption postulates that
(A) Consumption is constant throughout lifetime.
(B) Marginal propensity to consume out of permanent income is small.
(C) Marginal propensity to consume out of transitory income is large.
(D) It emphasizes how to maintain a stable standard of living over the course of life.
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The Kinked demand curve model can explain
(A) The level at which price will be set by firms to maximize profits.
(B) The level of price at which the kink will occur as well as the height of the kink.
(C) The price rigidity in the face of changing costs and of high rivalry.
(D) The implications for the volume of output owing to changing market demand.
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