[{"id":213760,"question":"Given the IS equation Y = Ke a - Ke Bn the IS slope decreases when","choices":[{"text":"Ke increase and b increases","value":"A"},{"text":"Ke decreases and b increases","value":"B"},{"text":"Ke increases and b decreases","value":"C"},{"text":"Ke decreas4es and b decreases","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213759,"question":"A Rs.10 increase in autonomous investment spending shifts is.","choices":[{"text":"Rightward by Rs. 10","value":"A"},{"text":"Leftwards by Rs. 10","value":"B"},{"text":"Rightward by Ke (Rs.10)","value":"C"},{"text":"Leftward y Ke (Rs.10)","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213758,"question":"An increase in the marginal propensity to import.","choices":[{"text":"Has the some effect upon the multipliers as an increase in the MPC","value":"A"},{"text":"Has no effect upon the multipliers","value":"B"},{"text":"Increases the value of the multipliers","value":"C"},{"text":"Decreases the value of the multipllers","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213757,"question":"Given a proportional income tax and a government budget that is currently in balance, an increase in autonomous investment , caters parabasal increases equilibrium income and the budget.","choices":[{"text":"Romaic's in balnce","value":"A"},{"text":"Has a surplus","value":"B"},{"text":"Has a deficit","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":213756,"question":"When an increase in government spending is matched by an equal decrease in government transfers the income level will.","choices":[{"text":"Stay the same","value":"A"},{"text":"Increase","value":"B"},{"text":"Decrease","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":213755,"question":"Where there is an equal increase in net tax revenue and government spending, ceteris paribus.","choices":[{"text":"(C+I+G) is shifting upward","value":"A"},{"text":"(C+I+G) is shifting downward","value":"B"},{"text":"(C+I+G) does not shift","value":"C"},{"text":"All of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213754,"question":"What is the possible cause for a falling real GNP over a period of time.","choices":[{"text":"A general fall in the value of output though changes in quantities producted.","value":"A"},{"text":"A general increase in prices","value":"B"},{"text":"An increase in the value of output produced and a general increase in prices","value":"C"},{"text":"A, B and C","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213753,"question":"Which one of the following would cause demand pull inflation.","choices":[{"text":"Increases iin production costs","value":"A"},{"text":"Wage gains in proportion productivity gains","value":"B"},{"text":"An increase in aggregate demand with shortages of sup ply","value":"C"},{"text":"Monoposonistic labor markets","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213752,"question":"Which of the following represents monetary policy geared to increases the supply of money.","choices":[{"text":"The purchase of bonds by the Federal Reserve Bank","value":"A"},{"text":"The sale of bonds by the Central Bank","value":"B"},{"text":"An increase in reserve requirement","value":"C"},{"text":"A decrease in taxes","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213751,"question":"Find the revenue the government collects as a result of the tax","choices":[{"text":"Rs.10 million","value":"A"},{"text":"Rs.40 million","value":"B"},{"text":"Rs.16 million","value":"C"},{"text":"Rs.30 million","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213750,"question":"Find the change in revenue to the industry due to the taxs.","choices":[{"text":"Rs. 40 billion","value":"A"},{"text":"Rs. 34 million","value":"B"},{"text":"Rs.25 million","value":"C"},{"text":"Rs.36 Million.","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213749,"question":"If the economy is in equilibrium at Rs. 180 billion and taxes are reduced by Rs.20 billion, find the new equilibrium given that this is a simple economy i.e. exogenous government spending tax collection and investment spending and a marginal propensity to consume of . .75","choices":[{"text":"60","value":"A"},{"text":"200","value":"B"},{"text":"250","value":"C"},{"text":"240","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213748,"question":"If an individual has a money income M of Rs. 999 , the price of X is rs.7.00 per unit and ithe price of Y is Rs. 300 per unit find the equation for the budget lines.","choices":[{"text":"Y = 333 - (7/3) x","value":"A"},{"text":"Y = 142 - (7/3) x","value":"B"},{"text":"Y = 142- (3/7) x","value":"C"},{"text":"Y = 323 - (7/3) x","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213747,"question":"If X becomes more expansive i relation to Y, what happens to the budget line in the X - Y space, with Y on the vertical axis.","choices":[{"text":"It shifts to the right","value":"A"},{"text":"It shifts to the left","value":"B"},{"text":"The slope becomes flatter","value":"C"},{"text":"The slope becomes steeper","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213746,"question":"Quality controlleers at the LMN corporation formulate the null hypothesis that the proportion of defective items in the production line is 10% they reject this hypothesis when they find 12 defective items in 100. If the defective rate is really 10% What type of error did they make.","choices":[{"text":"Standard error of the mean","value":"A"},{"text":"A type II error","value":"B"},{"text":"A type I error","value":"C"},{"text":"The error probability","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213745,"question":"The long term demand for real money balance will rise when","choices":[{"text":"the income elasticity of the demand for money is less than unity.","value":"A"},{"text":"There is a long term increase in the price level","value":"B"},{"text":"There is a relative increase in the stock of government securities.","value":"C"},{"text":"Long term market interest rates are falling.","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213744,"question":"Whose opinions have revolutionized the scope of macro economics.","choices":[{"text":"Adam Smith","value":"A"},{"text":"J.B. Say","value":"B"},{"text":"J.M. Keynes","value":"C"},{"text":"All of the above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213743,"question":"Which theory is generally included under micro economics.","choices":[{"text":"Price theory","value":"A"},{"text":"Income theory","value":"B"},{"text":"Employment theory","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213742,"question":"If a Canadian dollar costs 0.75 in terms of U.S. dollars, how much Canadian money would an American need to spend in Canada to get a dollar's worth of U.S. value.","choices":[{"text":"25$","value":"A"},{"text":"99$","value":"B"},{"text":"Rs.1.25","value":"C"},{"text":"Rs.1.13","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213741,"question":"Ineven A occurs the payoff will be Rs.5,670.00 . the probability of event A occurring is .87 What is the expected payoff of event A.","choices":[{"text":"Rs.5,670.00 9d)","value":"A"},{"text":"Rs.4,832.10","value":"B"},{"text":"Rs. 4,932.90","value":"C"},{"text":"Rs.5000.00","value":"D"},{"value":"E"}],"correctAnswer":3}]