Civil Services Exams-INDIAN ECONOMY TEST - 6

  • a.) 
    Paul Krugman
  • b.) 
    Joseph Stiglitz 
  • c.) 
    Milton Friedman 
  • d.) 
    Nassim Nicholas Taleb
  • a.) 
    Raising more capital by the owners
  • b.) 
    Enhancing loan disbursal 
  • c.) 
    Raising more savings 
  • d.) 
    Providing macro financial safety nets
  • a.) 
    1 and 2 correct
  • b.) 
    Only 1 is correct
  • c.) 
    Only 2 is correct 
  • d.) 
    Neither 1 nor 2 is correct 
  • a.) 
    Total cost
  • b.) 
    Marginal utility 
  • c.) 
    Tax
  • d.) 
    Consumer surplus
  • a.) 
    There is decreasing level of output as production goes
  • b.) 
    There is decreased use of inputs with high output 
  • c.) 
    There is decreasing cost as output level increases
  • d.) 
    There is low demand with low economic growth 
  • a.) 
    High
  • b.) 
    Low
  • c.) 
    Zero
  • d.) 
    Unity
  • a.) 
    Non-merit goods
  • b.) 
    Merit goods
  • c.) 
    Public Goods
  • d.) 
    Private Goods
  • a.) 
    1, 2, 3 and 4
  • b.) 
    1, 2 and 3
  • c.) 
    2 and 4
  • d.) 
    2, 3 and 4
  • a.) 
    Positive effects from the actions third parties.
  • b.) 
    Negative effects due to the actions outside its control
  • c.) 
    Decline in welfare due to reduced government expenditure
  • d.) 
    Increased cost of production due to the rise in the price of inputs. 
  • a.) 
    Ratchet effect 
  • b.) 
    Bandwagon effect 
  • c.) 
    Demonstration effect 
  • d.) 
    Network effect
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