Money Market and Capital Market in India — Economics STD 12 Commerce / Arts — Question

Three sector economy consists of ……………..
(a) households, business firms and industries
(b) households, business firms and government sector
(c) households, government and foreign sector
(d) all of these

Bank rate is ………….. measure of credit control.

Statements related to limitations of index numbers.
a) Index numbers are not completely reliable.
b) There may be a bias in the data collected.
c) Every formula has sorne kind of defect.
d) Index numbers ignore changes in the qualities of products.

Reasons for growth in public expenditure.
(a) increase in the activities of the government
(b) rapid increase in population
(c) spread of democracy
(d) industrial development

Statements related to features of Micro economics.
(a) The study of individual unit
(b) It deals with income theory
(c) It splits the whole economy
(d) It suggests suitable economic policies to promote economic growth

Market demand.
(a) Aggregate demand
(b) Macro economics
(c) Micro economics
(d) Lumping method

Types of imperfect market are –
(a) Monopoly
(b) Oligopoly
(c) Monopolistic Competition
(d) Perfect Competition

The term ‘micro’ and ‘macro’ economics were first coined and used by Norwegian Economist.
(a) Adam Smith
(b) Ragnar Frisch
(c) Dr. Marshall
(d) Prof. Ricardo

There are many theoretical difficulties in the measurement of NI like –
(a) Transfer Payment
(b) Illegal Income
(c) Unpaid services
(d) All of these

Index Numbers are used –
(a) to determine production
(b) to determine the level of employment
(c) to revise dearness allowance
(d) to revise cost of living