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CA CPT General Economics Model questions

31. How do we define Gross National Product at Market Price?

a] It is the market value of final goods and services produced in the domestic territory of
a country by normal residents during an accounting year including net factor income from
abroad
b] It is defined as the market value of output of final goods and services produced by normal
residents of an economy in its domestic territory during an accounting year exclusive of
depreciation and inclusive of net factor income from abroad
c] It is defined as the market value of final goods and services produced in the domestic territory
for a country by its normal residents and non residents during an accounting year less of
depreciation.
d] None of these.


32. Arc elasticity of demand can be defined as follows:

a] Price elasticity at a single point on the demand curve
b] Price elasticity of demand between two points on the demand curve
c] Both [a] and [b]
d] None of these

34. Which principle of Financial Inclusion has been adopted in the 2008-09 Budget?

a] Commercial Banks to include at least 250 rural households
b] To include retired bank officials, ex-service men to act as Business Correspondents
c] Both [a] and [b]
d] None of these


35. An example of double counting in national income would be:

a] Wages of bus and train driver
b] Cotton output and cotton cloth output
c] Electricity output and solar output
d] Tax receipts and earning of Inland Revenue officials


36. TRIPs means:

a] Trade related intellectual properties
b] Trade related investment properties
c] Trade related Indian properties
d] Trade related international Payments


37. Which theory of Consumer Behavior explains the Giffen Paradox?

a] Marshall's Theory
b] Hick's Theory
c] Both [a] and [b]
d] None of these


38. ‘Market Period’ refers to:

a] The period in which the producers of a good cannot change the quantity produced in response to a change in price
b] The period in which the producers of a good can change the costs of the quantity produced in response to a change in price
c] The time it takes for the market to attain equilibrium
d] The time it takes for the consumers to respond to change in the price


39. What is the approximate length of the National Highways of India?

a] 66,590 km
b] 24,268 km
c] 42,344 km
d] 12,468 km


40. The LAC curve:

a] falls when the LMC curve falls
b] rises when the LMC curve rises
c] passes through the lowest point of the LMC curve
d] falls when LMC <> LAC


41. What is Phillips Curve?

a] A tradeoff between the rate of unemployment and the rate of inflation in an economy.
b] A tradeoff between the rate of money supply growth and GDP growth in an economy.
c] A tradeoff between the rate of unemployment and the rate of literacy in the economy.
d] A tradeoff between the rate of GDP growth and the rate of inflation in the economy.


42. M1 in the money stock refers to:

a] Post office saving deposits
b] Currency plus demand deposits plus other deposits with RBI
c] Time Deposits with Banks
d] National Savings certificates


43. Adam Smith's concept of invisible hand postulates the following:

a] Putting in place a system of government regulations and control is most conducive to promoting
the interests of the society
b] An individual pursuing his own self-interest tends to promote the good of his community as well.
c] Having a system of public enterprises side by side with private enterprises is most conducive
to promoting the interests of society
d] By perusing the interests of marginalized sections of the population it is possible to promote
the good of the society


44. Mahalanobis model stressed upon the establishment of:

a] Consumer goods industries b] Export oriented industries
c] Agro based industries d] Capital and basic goods industries


45. When is an allocation said to be Pareto Efficient?

a] There is no other allocation in which some other individual is better off and no individual
is worse off
b] The disadvantaged sections of the society are better off.
c] The administrative cost involved is minimum
d] The tax burden is equitable distributed.

3 Comentários:

devi said...

answers please show me. there is only 20 questions. remaining 20. please send me

sukanya said...

pls give us better notes for our cpt we r reading alone.....,.

sukanya said...
This comment has been removed by the author.
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