Introduction to Macro Economics — Economics STD 12 — Question

Classical theory was developed by –

Assertion (A): The Dunkel Draft, formulated by Arthur Dunkel, its Secretary General became the base for WTO.
Reason (R): The first WTO conference was held at Singapore in 1996.

Lowering the Bank rate off sets ……………………….. tendencies.

The modem state is a state.

Assertion (A): Capital is a neccessary but a sufficient condition of progress.
Reason (R): Economic development has much to do with human endowments, social attitudes, political conditions and historical accidents.

Match the following :
A. Public Investment – (i) Temporary unemployment
B. Production activities only in Some seasons – (ii) Deficiency of effective demand
C. Frictional unemployment – (iii) During season of the year
D. Educated unemployment – (iv) Learner

……………………… is a policy think tank of the Government of India.

Assertion (A): Price of a commodity is measured by the amount of labour required to produce it.
Reason (R): Trade is one of the Demerit.

Assertion (A): Commercial banks provide some utility services to the customers.
Reason (R): Credit creation leads to increased production, employment, sales and prices.