Question # 1

Gandhi coined the term Satyagraha, what is the meaning of Satyagraha?

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Truth

Custody

Arrest

Prosecuting

A significant increase in the government budget deficit is likely to:

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Reduce injections into the economy

Reduce national income

Move the economy away from full employment

Boost aggregate demand

The term dollar is not a part of the name of the currency in which of the following countries?

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Malaysia

Italy

Singapore

USA

Market value of all final goods and services produced in a country during a year is definition of

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NI

NNP

GNP

Consumption

What is a 'Quasi-rents'?

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Are in the nature of free gifts

May be applicable to all factors of production

comprise of all the returns to firm in excess of the returns of the marginal firm

All the above

What does LAPES stand for?

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Low activity Parachute Extraction system

Low altitude parachute extraction system

Low Area Parachute Evaluation service

Lightly Articulate Pulmonary Extension

The term 'Ethnic' is derived form the ______ word meaning 'nation'

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Latin

Greek

Malayalee

Polynesian

Which one of the following is not a method of peaceful settlement of disputes?

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Limited arms conflict

Negotiations

Arbitration

Mediation

An increase in aggregate demand will have most effect on prices if:

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Aggregate supply is price inelastic

Aggregate supply is price elastic

Aggregate supply has unitary price elasticity

Aggregate demand is price inelastic

What do the initials SEATO stand for?

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South-East Asia Treaty Organization

South-East Asian telecom Organization

South-East Asian Telephone Organization

None to the above

World Economic Outlook report is issued annually by?

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IMF

ILO

WHO

World Bank

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