Question # 1

Black money is:

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Counterfelt currency

Illegally earned money

Money earned through underhand deals

Income on which payment of tax is usually evaded

Menu costs in relation to inflation refer to:

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Costs of finding better raters of return

Cost of altering price lists

Costs of money increasing its value

Costs of revaluing the currency

What is the full form of the LASER?

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Leg Amputation by Stimulated Emission of Radiation

Light Amputation by Systematic Emission of Radiation

Light Amplification by stimulated Emission of Radiation

Light Amputation by Stimulated Exit of Radiation

A shift in aggregate supply is likely to:

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Reduce the general price level and reduce and national income

Reduce the general price and level and increase national income

Increase the general price level and reduces national income

Increase the general price level and increase the national income

What is the Essence of Control?

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To take decision

To take corrective action

To make enquiry

To motivate

What does the term 'Hanseatic League' refer to?

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Confederation of towns in the Low countries for Mutual defence

Europe's first international Trades Union

Confederation of Baltic States

A confederation of German (and other ) towns for mutual defence in commerce

In times if slowdown of the economy, the fiscal policy influences aggregate demand through:

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Discretionary element

Non-discretionary element

Lowering of tax rates

All of the above

What is the full of the NASA:

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National Aeronautics and space administration

Natural Aeronautics and space administration

natural Administration and space administration

Natural administration and space agency

Which of the following would increase aggregate demand?

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Increased saving

Increasing import spending

Increased taxation revenue

Increased investment

Which of the following country's economy is know as high economy?

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America

U.K

Singapore

All of these

Normal profit occurs when:

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Average revenue equals average variable cost

Marginal revenue equals marginal cost

Average revenue equals marginal cost

Average revenue equals average cost

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