Gaytri Talwar

  1. ____________ shows various combinations of two goods that give same amount of satisfaction to the consumer? (1) 2. The total utility divided by the number of units consumed is known as? (1)  3.  Which of the following statements regarding utility is not true? (1) (a) It is a satisfying power of a commodity.  (b) Utility is always measurable  (c) It helps consumers to make choices.  (d) It is purely a subjective entity.  4. Example of Macro Economics?  (1) a) Production of a firm b) Demand of an individual consumer c) Aggregate demand d) All of the above 5. Scarcity means _________ (1) a) Increase of resources b) Shortage of resources c) Constant resources d) Both A and B 6. Which of the following is the relation that the law of demand defines?  (1) a) Income and price of a commodity b) Price and quantity of a commodity c) Income and quantity demanded d) Quantity demanded and quantity supplied 7. What are the reasons for th...

   Which of the following statements is correct about government spending?    (1)  When a government spends more than it can collect as revenue, it incurs a revenue expenditure When a government spends more than it can collect as revenue, it incurs a capital expenditure When a government spends more than it can collect as revenue, it incurs a budget deficit When a government spends more than it can collect as revenue, it incurs a budget surplus Which of the following statements is true about the fiscal deficit?            (1) It is the difference between the total expenditure and receipts of a government excluding interest It is the difference between the total expenditure and receipts of a government excluding spending It is the difference between the total expenditure and receipts of a government excluding borrowings It is the difference between the total expenditure and receipts of a government excluding taxes Which of the follow...

      1. The norm AICTE stands for: (1) All India Council for Technology Education  All India Council for Technical Education  All India Commission for Technology Education  All India Commission for Technical Education  Ans: (b) All India Council for Technical Education 2. Name the movement started by the national literacy mission. (1) Ans: ‘Education for all' is a movement begun by the National Literacy Mission. 3. Which institution guides higher education? (1) UGC 4. Which Five Year Plan recognised the importance of human capital?  ( 1) Tenth Seventh Nineth Sixth Seventh 5. What does HYVP stand for?  (1) (a) High Yielding Varieties Products (b) High Yielding Various Programme (c) High Yielding Varieties Programme (d) High Yielding Various Products Answer : (c) High Yielding Varieties Programme 6. The portion of agricultural produce which is sold in the market by the farmers is known as _____ (1) Marketed surplus 7. Who presen...

What is investment multiplier? Explain its working using a suitable numerical example. (4) 2. In a two-sector economy, the saving function is given as S = – 10 + 0.2Y and investment function is expressed as I = – 3 + 0.1Y. Calculate the equilibrium level of income?  (2) Solution:  Equilibrium level of income (Y) is attained when S= I. It means that: -10 + 0.2Y = – 3 + 0.1Y 0.2Y – 0.1Y = – 3 +10 0.1Y = 7 Y=70 Equilibrium level of income = 7 3. Explain the following using a diagram:-   (3) Full employment equilibrium Underemployment equilibrium Over full employment equilibrium 4. Explain determination of equilibrium level of income using ‘consumption plus investment’ approach.   (3)

         1. The norm AICTE stands for: (1) All India Council for Technology Education  All India Council for Technical Education  All India Commission for Technology Education  All India Commission for Technical Education  2. Name the movement started by the national literacy mission. (1) 3. Which institution guides higher education? (1) 4. Which Five Year Plan recognised the importance of human capital?  ( 1) Tenth Seventh Nineth Sixth 5. What does HYVP stand for?  (1) (a) High Yielding Varieties Products (b) High Yielding Various Programme (c) High Yielding Varieties Programme (d) High Yielding Various Products 6. The portion of agricultural produce which is sold in the market by the farmers is known as _____ (1) 7. Who presented the first 5-year plan of the country? (1) 8. Define small scale industries.   (1) 9. Mention one significance of Suez Canal.   (1) 10. What benefit did railways bring to Indians? ...