4651. Any system that features one price for sellers and another for buyers ?
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A. None

B. Dual price system

C. Ceiling pricing

D. Floor pricing

4652. A firm which engages in in the busyness of banking_________________?
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A. World bank

B. None

C. State bank

D. Commercial bank
4653. Recurring increase and decrease in the level of economic activity over periods of years?
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A. Both

B. Cyclic flow

C. None

D. Business cycle
4654. A tax which is a constant amount at all levels of GDP is termwd as ?
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A. Lump sum tax

B. Surcharge

C. Fixed tax

D. None

4655. A ratio that shows the unit of capital required to produce a unit of output over a given period of time?
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A. Capital output ratio

B. None

C. Capital input ratio

D. Capital intensive ratio

4656. A cooperative farm or other collectively organized unit ?
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A. Corporation

B. Commune

C. All

D. Society

4657. The increasing integration of national economies into expanding international market ?
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A. None

B. Randomization

C. Economic integration

D. Globalization
4658. To obtain the greates utility consumer should allocate money income so that last dollar spent on each good or service yields the same marginal utility ?
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A. Say law

B. Law of diminishing marginal utility

C. Law of diminishing return

D. Say law

4659. The study of how economies are transformed from stagnation to growth and from low income to higher income status?
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A. All

B. Econometrics

C. Development economics

D. Development plan

4660. A. Cetris peribus stands for__________________?
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A. All else being equal

B. Same as given before

C. Let it be

D. None

4661. Year number of deaths per 1,000 population is called?
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A. None

B. Both

C. Death rates

D. Crude mortality rate

4662. Income that is available to house holds for spending and saving after personal, income taxes have been deducted ?
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A. Net income

B. Saving

C. Disposable income

D. All

4663. Other thing remain the same as price rises, the corresponding quantity supplied rises, as price falls the quantity supplied falls is___________________?
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A. Keynes theory of supply

B. None

C. Says law

D. Law of supply
4664. A households or firms income in the form of goods or services ?
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A. Extra income

B. Income in kind

C. None

D. Fixed income
4665. The annual amount that a borrower must pay a lender over an above the total borrowed ?
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A. Interest rated

B. Loan

C. Interest

D. None

4666. Total number of monetary units received by a firm from the sale of a product is called___________________?
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A. Total revenue

B. None

C. Nominal profit

D. Both

4667. Changing the term of existing loan________________?
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A. Debt repudiation

B. All

C. Debt transformation

D. Debt renegotiation

4668. A good and service is indivisible and to which the exclusion principle does apply is called_________________?
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A. Public good

B. Public service

C. Public finance

D. Public debt

4669. The gradual decline over time in the value or price of one currency in terms of another as a result of market forces of supply and demand ?
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A. Depreciation

B. Rightsizing

C. All

D. Downsizing

4670. Increasing a countrys stock of real capital (net investment in fixed essels)__________________?
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A. Capital stock

B. Capital dumping

C. Capital accumulation

D. None

4671. What percentage of Agriculture in GDP?
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A. 20.9

B. 21.5

C. 18.5

D. 19.8

4672. Gradual pay off a loan principle ?
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A. Amortization

B. AID

C. Hierarchically

D. Autarchy

4673. The process of improving the quality of all human lives including sustenance, self esteem and freedom________________?
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A. Growth

B. Economic growth

C. All

D. Development

4674. Monopoly and oligopoly are the examples of___________________?
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A. Pure competition

B. None

C. Imperfect competition

D. Perfect competition

4675. An index measuring national socioeconomic development based on measures of life expectancy at birth, educational attainment and adjusted per capital income ?
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A. None

B. Headcount index

C. Human development index

D. Human poverty index
4676. Urban population is developed nations?
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A. none

B. 67%

C. 80%

D. 74 %
4677. Obtaining the socially optimal amounts of goods and services using minimum necessary resources ?
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A. Allocative efficiency

B. All

C. Productive efficiency

D. Economic efficiency

4678. An interest bearing deposit which normally can be withdrawn by the depositor at any time ?
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A. Capital deposit

B. None

C. Fixed deposit

D. Saving deposit
4679. he yearly number of children born alive per 1,000 women within a chil bearing age bracket?
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A. Expectancy rate

B. Crude birth rate

C. Birth rate

D. Fertility rate

4680. The responsiveness of the quantity demand of a commodity to change in the consumers income, measured by the proportionate change in quantity divided by the proportionate change in income ?
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A. Elasticity of demand

B. Income elasticity of demand

C. None

D. Import substitution

4681. Number of peoples and their level of skills is called as________________?
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A. Human resources

B. Capital resources

C. None

D. Physical resources

4682. The implicit change in real income resulting from the effects of a change in a commoditys price on quantity demand?
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A. Substitution effect

B. Labour effect

C. Income effect

D. All

4683. In developed countries manufactured goods are about ________________% of total export?
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A. 90%

B. 82 %

C. 57%

D. 60%

4684. The tricks of economic growth and development are simply a matter of increasing national savings and investment. Is a simplest form of?
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A. Rostow growth stages

B. None

C. Keynesian development theory

D. Harod-Domar growth model
4685. A group of firms which produces identical or similar products__________________?
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A. Company

B. Plant

C. Organization

D. Industry
4686. The payment for the use of borrowed funds _____________?
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A. Interest

B. Both

C. None

D. Loan
4687. A payment of funds by a govt. firm or house hold for which it receives no goods or services in return?
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A. lump-sum-tax

B. Tax

C. Subsidy

D. None

4688. The role of power in economic decision making is studied in________________?
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A. Political economics

B. None of these

C. Traditional economics

D. Development economics

4689. An agreement among sellers of a commodity to set a common price or share their commodity market?
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A. All

B. Oligopoly

C. collusion

D. Monopoly

4690. Excess utility over price derived by the consumers because of negative sloping demand curve ?
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A. Marginal utility

B. Demand surplus

C. Consumer surplus

D. Producer surplus
4691. The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?
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A. speculation

B. Fly over

C. Capital flight

D. Specialization
4692. Advantage that occurs to individual or society as a whole as a result of increase in the consumption of certain types of goods or services by other individuals ?
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A. Consumption economics

B. Consumption surplus

C. Consumption function

D. Consumer demand

4693. Discount rate that causes a project to have a net present value of zero used to rank projects in comparison with market rates of interest?
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A. Internal rate or returns

B. None

C. Rate or returns

D. External rate or returns

4694. An accounting item which decreases the value of an asset___________________?
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A. None

B. Debit

C. Depreciation

D. Credit

4695. The coordinating mechanism of capitalism is a system of___________________?
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A. All

B. Market and prices

C. Capital and laborers

D. Competition

4696. A deliberate effort to replace major consumer imports by promoting the emergence and expansion of domestic industries such as textile, shoes etc ?
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A. Industrialization

B. Autarchy

C. Import substitution

D. Export substitution

4697. Agriculture contribution in GNP of developing nations?
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A. 14 %

B. 50%

C. 35%

D. 20%

4698. A labour union which limits its membership to workers with a particular skill ?
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A. None

B. Credit union

C. Craft union

D. Labour union

4699. An ownership share in a corporation___________________?
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A. None

B. Corporation

C. Stock

D. Both
4700. The currency of a major industrial country, such as the U.S dollar___________________?
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A. Stable currency

B. None

C. Main currency

D. Hard currency