List of practice Questions

Which of the following statements are correct about the money multiplier? (A) It is the ratio of the stock of money to the stock of high powered money.
(B) It is always smaller than one.
(C) Its value depends on the reserve ratio and currency-deposit ratio.
(D) It is inversely related to the reserve ratio.
Choose the correct answer from the options given below:
Calculate the standard deviation for the following sample: 8, 7, and 9.
Which of the following is not a type of non-random sampling?
According to monetarist thought, the natural rate of unemployment and output is not determined by:
Expenditure towards the maintenance of embassies and diplomatic missions are included in which of the following accounts of the balance of payments.
Arrange the following Chairmen of the Finance Commission as per their year of appointment in chronological order starting from the oldest to latest: (A) A M Khusro
(B) N K Singh
(C) Vijay Kelkar
(D) N K P Salve
Choose the correct answer from the options given below:
Which of the following does not hold at the equilibrium price and quantity in a perfectly competitive market?
An individual's utility function for two goods - milk (M) and butter (B) is given as \( U(M,B) = 5M - 10B \), and the cost of each unit of the two goods is Rs 1, with a weekly budget of Rs 5. Find the individual's utility maximizing choice.
The statement that "currency held in the hand yields no income" is given by:
The decision by consumers to buy larger quantities of a good at each possible price cannot be caused by:
Let the total cost (TC) = \( C = f(X) \) for a firm in the short run, which of the following expressions represents the correct relationship between marginal cost (MC) and average cost (AC)?
The direct tax to GDP ratio in India for the year 2022-23 is:
With respect to the landholding pattern in India, "medium" farmers refer to those who have a landholding in the range of:
Which of the following is not the correct assumption of the Heckser-Ohlin theory of international trade?
Which of the following is not true about the Classical and Keynesian aggregate demand (AD) and aggregate supply (AS) schedules?
Which of the following is not correct about the offer curves?
One of the conditions for national income or output to be in equilibrium is that the desired investment (Id) must equal the realised investment (Ir). If \( I_d > I_r \), the difference results in:
Linear regression model is:
In statistics, standard error measures the:
If A and B are symmetric matrices of the same order, which one of the following is not correct?
Given the two matrices \( A = \begin{bmatrix} 1 & 2 \\ 4 & 3 \end{bmatrix} \) and \( B = \begin{bmatrix} 5 & 9 \\ 0 & 3 \end{bmatrix} \), find \( AB \).
Total foodgrain production (in million tonnes) in India for the year 2022-23 is:
In which of the following year India had a surplus in its current account?
Which of the following is not correct about the steady state equilibrium for the economy according to neoclassical growth theory?
In Solow's growth model, the output per capita is a function of: