“Economics is what it ought to be” - This statement refers to (1) Normative economics (2) Positive economics (3) Monetary economics (4) Fiscal economics

“Economics is what it ought to be” - This statement refers to (1) Normative economics (2) Positive economics (3) Monetary economics (4) Fiscal economics
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"Economics is what it ought to be" - This statement refers to - (1) Normative economics (2) Positive economics (3) Monetary economics (4) Fiscal economics

Description : "Economics is what it ought to be" - This statement refers to - (1) Normative economics (2) Positive economics (3) Monetary economics (4) Fiscal economics

Last Answer : (1) Normative economics Explanation: Normative economics (as opposed to positive economics) is that part of economics that expresses value judgments (normative judgments) about economic fairness or what the ... statement would be, "We should cut taxes in half to increase disposable income levels".

Variation in Cash Reserve Ratio and Open Market Operations are instruments of (1) Budgetary policy (2) Trade policy (3) Fiscal policy (4) Monetary policy

Description : Variation in Cash Reserve Ratio and Open Market Operations are instruments of (1) Budgetary policy (2) Trade policy (3) Fiscal policy (4) Monetary policy

Last Answer : (4) Monetary policy Explanation: Bank Rate Policy, open market operations and variation of Cash Reserve Ratios, etc. are instruments of monetary policy. With the help of these instruments, the ... money, often targeting a rate of interest for the purpose of promoting economic growth and stability.

Custom duty is an instrument of - (1) Monetary Policy (2) Foreign Trade Policy (3) Industrial Policy (4) Fiscal Policy

Description : Custom duty is an instrument of - (1) Monetary Policy (2) Foreign Trade Policy (3) Industrial Policy (4) Fiscal Policy

Last Answer : (2) Foreign Trade Policy Explanation: Custom duty is a tax on imports imposed on an ad valorem basis, i.e, fixed in the form of a percentage on the value of the commodity imported.

Taxation is a tool of - (1) Monetary-policy (2) Fiscal policy (3) Price policy (4) Wage policy

Description : Taxation is a tool of - (1) Monetary-policy (2) Fiscal policy (3) Price policy (4) Wage policy

Last Answer : (2) Fiscal policy Explanation: In economics, fiscal policy is the use of government revenue collection (taxation) and expenditure (spending) to influence the economy. The two main instruments of fiscal policy are government taxation and expenditure.

The 'Interest Rate Policy' is a component of - (1) Fiscal Policy (2) Monetary Policy (3) Trade Policy (4) Direct Control

Description : The 'Interest Rate Policy' is a component of - (1) Fiscal Policy (2) Monetary Policy (3) Trade Policy (4) Direct Control

Last Answer : (2) Monetary Policy Explanation: Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest for the ... . Monetary authorities in different nations have differing levels of control of economy-wide interest rates.

The Cash Reserve Ratio is a tool of : (1) Monetary policy (2) Tax policy (3) Agricultural policy (4) Fiscal policy

Description : The Cash Reserve Ratio is a tool of : (1) Monetary policy (2) Tax policy (3) Agricultural policy (4) Fiscal policy

Last Answer : (1) Monetary policy Explanation: Cash Reserve Ratio (CRR) is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as ... CRR is a crucial monetary policy tool and is used for controlling money supply in an economy.

Deficit financing is an instrument of - (1) monetary policy (2) credit policy (3) fiscal policy (4) tax policy

Description : Deficit financing is an instrument of - (1) monetary policy (2) credit policy (3) fiscal policy (4) tax policy

Last Answer : (3) fiscal policy Explanation: In economics, fiscal policy is the use of government revenue collection (taxation) and expenditure (spending) to influence the economy. The two main instruments ... financing in India means the expenditure which in excess of current revenue and public borrowing.

The Cash Reserve Ratio is a tool of : (1) Monetary policy (2) Tax policy (3) Agricultural policy (4) Fiscal policy

Description : The Cash Reserve Ratio is a tool of : (1) Monetary policy (2) Tax policy (3) Agricultural policy (4) Fiscal policy 

Last Answer : Monetary policy

Variation in Cash Reserve Ratio and Open Market Operations are instruments of (1) Budgetary policy (2) Trade policy (3) Fiscal policy (4) Monetary policy

Description : Variation in Cash Reserve Ratio and Open Market Operations are instruments of (1) Budgetary policy (2) Trade policy (3) Fiscal policy (4) Monetary policy

Last Answer : Monetary policy

Custom duty is an instrument of (1) Monetary Policy (2) Foreign Trade Policy (3) Industrial Policy (4) Fiscal Policy

Description : Custom duty is an instrument of (1) Monetary Policy (2) Foreign Trade Policy (3) Industrial Policy (4) Fiscal Policy

Last Answer : Foreign Trade Policy

Taxation is a tool of (1) Monetary policy (2) Fiscal policy (3) Price policy (4) Wage policy

Description : Taxation is a tool of (1) Monetary policy (2) Fiscal policy (3) Price policy (4) Wage policy

Last Answer : Fiscal policy

The ‘Interest Rate Policy’ is a component of (1) Fiscal Policy (2) Monetary Policy (3) Trade Policy (4) Direct Control

Description : The ‘Interest Rate Policy’ is a component of (1) Fiscal Policy (2) Monetary Policy (3) Trade Policy (4) Direct Control

Last Answer : Monetary Policy

Deficit financing is an instrument of (1) monetary policy (2) credit policy (3) fiscal policy (4) tax policy

Description : Deficit financing is an instrument of (1) monetary policy (2) credit policy (3) fiscal policy (4) tax policy

Last Answer : fiscal policy

Externality theory is the basic theory of the following branch of Economics: (1) Environomics (2) Fiscal Economics (3) International Economics (4) Macro Economics

Description : Externality theory is the basic theory of the following branch of Economics: (1) Environomics (2) Fiscal Economics (3) International Economics (4) Macro Economics

Last Answer : (1) Environomics Explanation: In economics, an externality is a cost or benefit which results from an activity or transaction and which affects an otherwise uninvolved party who did not choose ... a classic case of an externality. Externality theory forms the basic theory of environmental economics.

The principle of maximum social advantage is the basic principle of - (1) Micro Economics (2) Macro Economics (3) Fiscal Economics (4) Environmental Economics

Description : The principle of maximum social advantage is the basic principle of - (1) Micro Economics (2) Macro Economics (3) Fiscal Economics (4) Environmental Economics

Last Answer : (3) Fiscal Economics Explanation: The 'Principle of Maximum Social Advantage', introduced by British economist Hugh Dalton, is the fundamental principle of Public Finance which implies that all ... problems related to government taxation and spending, it comes under the domain of fiscal economics.

Externality theory is the basic theory of the following branch of Economics: (1) Environomics (2) Fiscal Economics (3) International Economics (4) Macro Economics

Description : Externality theory is the basic theory of the following branch of Economics: (1) Environomics (2) Fiscal Economics (3) International Economics (4) Macro Economics 

Last Answer : Environomics

The principle of maximum social advantage is the basic principle of (1) Micro Economics (2) Macro Economics (3) Fiscal Economics (4) Environmental Economics

Description : The principle of maximum social advantage is the basic principle of (1) Micro Economics (2) Macro Economics (3) Fiscal Economics (4) Environmental Economics

Last Answer : Fiscal Economics

The policy that deals with the tax and expenditure policies of the Government is called – (1) Monetary Policy (2) Fiscal Policy (3) Credit Policy (4) Budgetary Policy

Description : The policy that deals with the tax and expenditure policies of the Government is called – (1) Monetary Policy (2) Fiscal Policy (3) Credit Policy (4) Budgetary Policy

Last Answer : (2) Fiscal Policy Explanation: In economics and political science, fiscal policy is the use of government revenue collection (taxation) and expenditure (spending) to influence the economy. The ... are government taxation and changes in the level and composition of taxation and government spending.

The process by which the central bank of a country controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic growth is known as: A. Economic Policy B. Monetary Policy C. Fiscal Policy D. Credit Policy E. Budgetary Policy

Description : The process by which the central bank of a country controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic ... A. Economic Policy B. Monetary Policy C. Fiscal Policy D. Credit Policy E. Budgetary Policy

Last Answer : B. Monetary Policy Explanation: Monetary Policy is the process by which monetary authority of a country, generally a central bank controls the supply of money in the economy by exercising its control over ... Bank of India (RBI). is so designed as to maintain the price stability in the economy.

Fiscal policy is called as ______ policy. A. monetary. B. budgetary. C. industrial. D. economic.

Description : Fiscal policy is called as ______ policy. A. monetary. B. budgetary. C. industrial. D. economic.

Last Answer : B. budgetary.

A normative science is also called ------------ science. A) Natural B) descriptive C) Positive D) Evaluative.

Description : A normative science is also called ------------ science. A) Natural B) descriptive C) Positive D) Evaluative.  

Last Answer : D) Evaluative. 

Logic is a ------------ science A) Positive B) Normative C) Descriptive D) Natural.

Description : Logic is a ------------ science A) Positive B) Normative C) Descriptive D) Natural. 

Last Answer :  B) Normative

Laissez-faire economics refers to: a) a term denoting economic transactions carried out by the State/government b) economic transactions in private parties where there is no intervention by the State/government c) a branch of socialism focusing on welfare economics d) None of the above

Description : Laissez-faire economics refers to: a) a term denoting economic transactions carried out by the State/government b) economic transactions in private parties where there is no intervention by the State/government c) a branch of socialism focusing on welfare economics d) None of the above

Last Answer : b) economic transactions in private parties where there is no intervention by the State/government

Amartya Sen was awarded the Nobel Prize for his contribution to (1) Monetary Economics (2) Welfare Economics (3) Econometrics (4) Development Economics

Description : Amartya Sen was awarded the Nobel Prize for his contribution to (1) Monetary Economics (2) Welfare Economics (3) Econometrics (4) Development Economics

Last Answer : Welfare Economics

How do you, personally, define "fiscal conservative" and "fiscal liberal"?

Description : How do you, personally, define "fiscal conservative" and "fiscal liberal"?

Last Answer : answer:My take, based on life in the 21st-century, and the fact that economic policies and political leanings often go hand-in-hand; A Fiscal Conservative wants to cut spending to any program ... doesn't. I consider myself a fiscal Moderate; I like paying the bills without mortgaging our future.

When was the Fiscal Responsibility and Budget Management Act implemented? a) 1950 b) 1970 c) 1993 d) 2003

Description : When was the Fiscal Responsibility and Budget Management Act implemented? a) 1950 b) 1970 c) 1993 d) 2003

Last Answer : d) 2003 It was enacted in August 2003 that made it obligatory for the government to pursue a prudent fiscal policy through the institutional framework. The rules under FRBMA, 2003 were notified with effect from July, 2004

The deliberate action of the government to stabilize the economy, as opposed to the inherent automatic stabilizing properties of the fiscal system, is known as a) Forced fiscal policy b) Manual fiscal policy c) Discretionary fiscal policy d) Automatic fiscal policy

Description : The deliberate action of the government to stabilize the economy, as opposed to the inherent automatic stabilizing properties of the fiscal system, is known as a) Forced fiscal policy b) Manual fiscal policy c) Discretionary fiscal policy d) Automatic fiscal policy

Last Answer : c) Discretionary fiscal policy

The idea that government's fiscal policy can be used to stabilize the level of output and employment can be attributed to which of the following economists: a) Frederich Hayek b) Ludwig von Mises c) Frederic Bastiat d) John Maynard Keynes

Description : The idea that government's fiscal policy can be used to stabilize the level of output and employment can be attributed to which of the following economists: a) Frederich Hayek b) Ludwig von Mises c) Frederic Bastiat d) John Maynard Keynes

Last Answer : d) John Maynard Keynes John Maynard Keynes's 1936 book, 'The General Theory of Employment, Interest, and Money' laid the foundations for Macroeconomics

Which of the following is an example of fiscal policy (a) Change in interest rate (b) Change in tax rate © Controlling money supply (d) Manipulating bank rate

Description : Which of the following is an example of fiscal policy (a) Change in interest rate (b) Change in tax rate © Controlling money supply (d) Manipulating bank rate

Last Answer : (b) Change in tax rate

If you work with a transgendered programmer on programs meant for kids do you enforce normative gender roles?

Description : If you work with a transgendered programmer on programs meant for kids do you enforce normative gender roles?

Last Answer : answer:I know two transgender kids (both around 10 years old). Allowing for other is the right thing to do. We have moved beyond the male/female thing. It's also doesn't affect anyone's use ... If the vast majority are going to choose male or female, what does it matter that there is this option.

Which are examples of normative goals?

Description : Which are examples of normative goals?

Last Answer : help me

Normative media theory explains how a media system should operate to realize____ (a) Economic goals (b) Political strategies (c) Ideal social values (d) Legal frameworks

Description : Normative media theory explains how a media system should operate to realize____ (a) Economic goals (b) Political strategies (c) Ideal social values (d) Legal frameworks

Last Answer : (c) Ideal social values

Normative economic theory deals with (a) What is or how the economic problem facing the society are solved; (b) How the problem should be solved ; (c) What to Produce ; (d) How to produce

Description : Normative economic theory deals with (a) What is or how the economic problem facing the society are solved; (b) How the problem should be solved ; (c) What to Produce ; (d) How to produce

Last Answer : (b) How the problem should be solved ;

Which one of the following does not come under the methods of data classification? (A) Qualitative (B) Normative (C) Spatial (D) Quantitative

Description : Which one of the following does not come under the methods of data classification? (A) Qualitative (B) Normative (C) Spatial (D) Quantitative

Last Answer : (C) Spatial

Value Judgements are: (A) Factual Judgements (B) Ordinary Judgements (C) Normative Judgements (D) Expression of public opinion

Description : Value Judgements are: (A) Factual Judgements (B) Ordinary Judgements (C) Normative Judgements (D) Expression of public opinion

Last Answer : (D) Expression of public opinion

Formulation of hypothesis may NOT be required in: (A) Survey method (B) Historical studies (C) Experimental studies (D) Normative studies

Description : Formulation of hypothesis may NOT be required in: (A) Survey method (B) Historical studies (C) Experimental studies (D) Normative studies

Last Answer : (B) Historical studies

Since 2008, the Fed has tripled the monetary base: why is there so little inflation?

Description : Since 2008, the Fed has tripled the monetary base: why is there so little inflation?

Last Answer : answer:Because the value of shit has tripled as well during that time. Currency equal value of stuff. = No inflation. If more currency than stuff, then we get inflation. If less currency than stuff ... is equal to the perceived value of goods and service in an economy, there should be no inflation.

The major objective of monetary policy is to - (1) increase government's tax revenue (2) revamp the Public Distribution System (3) Promote economic growth with price stability (4) weed out corruption in the economy

Description : The major objective of monetary policy is to - (1) increase government's tax revenue (2) revamp the Public Distribution System (3) Promote economic growth with price stability (4) weed out corruption in the economy

Last Answer : (3) Promote economic growth with price stability Explanation: The main objective of monetary policy is to control the supply of money, often targeting an inflation rate or interest rate ... usually to contribute to lower unemployment, and to maintain predictable exchange rates with other currencies.

he annual record for all the monetary transactions of a country with other countries of the world is known as - (1) Balance of trade (2) Balance of monetary-receipts (3) Balance of payments (4) Balance Sheet

Description : he annual record for all the monetary transactions of a country with other countries of the world is known as - (1) Balance of trade (2) Balance of monetary-receipts (3) Balance of payments (4) Balance Sheet

Last Answer : (3) Balance of payments Explanation: Balance of payments (BoP) accounts arc an accounting record of all monetary transactions between a country and the rest of the world. These transactions include ... and are prepared in a single currency, typically the domestic currency for the country concerned.

Which one of the following is not a function of the central bank in an economy? (1) Dealing with foreign exchange (2) Controlling monetary policy (3) Controlling government spending (4) Acting as a banker's bank

Description : Which one of the following is not a function of the central bank in an economy? (1) Dealing with foreign exchange (2) Controlling monetary policy (3) Controlling government spending (4) Acting as a banker's bank

Last Answer : (3) Controlling government spending Explanation: A central bank, reserve bank, or monetary authority is a public institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries.

The monetary policy is India is formulated by - (1) Central Government (2) Industrial Financial Corporation of India (3) Reserve Bank of India (4) Industrial Development Bank of India

Description : The monetary policy is India is formulated by - (1) Central Government (2) Industrial Financial Corporation of India (3) Reserve Bank of India (4) Industrial Development Bank of India

Last Answer : (3) Reserve Bank of India Explanation: Monetary policy is the process by which monetary authority of a country, generally a central bank controls the supply of money in the economy by exercising its control ... Bank of India (RBI). is so designed as to maintain the price stability in the economy.

Which is the parameter for the economic development? (1) Per capita monetary income (2) National income (3) Per capita rural income (4) Population

Description : Which is the parameter for the economic development? (1) Per capita monetary income (2) National income (3) Per capita rural income (4) Population

Last Answer : (1) Per capita monetary income Explanation: A majority of economists such as Simon Kuznets, Meter and Baldwin, Hicks D. Samuelson, Pigeon and others consider national income as the most suitable ... economic growth is meaningless if it does not improve the standard of living of the common masses.

The existence of a Parallel Economy or Black Money - (1) makes the economy more competitive (2) makes the monetary policies less effective (3) ensures a better distribution of income and wealth (4) ensures increasing productive investment

Description : The existence of a Parallel Economy or Black Money - (1) makes the economy more competitive (2) makes the monetary policies less effective (3) ensures a better distribution of income and wealth (4) ensures increasing productive investment

Last Answer : (2) makes the monetary policies less effective Explanation: In India, Black money refers to funds earned on the black market, on which income and other taxes has not been paid. Black money ... a policy. So, in nutshell, the existence of parallel economy erodes the effectiveness of monetary policies.

The existence of a parallel economy or Black Money - (1) makes the economy more competitive (2) makes the monetary policies less effective (3) ensures a better distribution of income and wealth (4) ensures increasing productive investment

Description : The existence of a parallel economy or Black Money - (1) makes the economy more competitive (2) makes the monetary policies less effective (3) ensures a better distribution of income and wealth (4) ensures increasing productive investment

Last Answer : (2) makes the monetary policies less effective Explanation: The existence of black money is injurious not just for tax revenues. It distorts the systematic resource allocation process and upsets the ... . So the existence of black money erodes the very rationale of growth behind monetary policies.

Which one of the following items is not included in the current account of India's Balance of Payments? (1) Short-term commercial borrowings (2) Non-monetary gold movements (3) Investment income (4) Transfer payments

Description : Which one of the following items is not included in the current account of India's Balance of Payments? (1) Short-term commercial borrowings (2) Non-monetary gold movements (3) Investment income (4) Transfer payments

Last Answer : (2) Non-monetary gold movements Explanation: Balance of payments (BoP) accounts are an accounting record of all monetary transactions between a country and the rest of the world. These ... factor income (earnings on foreign investments minus payments made to foreign investors) and cash transfers.

Which of the following is not a system under which classification of Agro-forestry System is done? a. Ecological Basis b. Socio-economic Basis c. Functional Basisd. Monetary Basis

Description : Which of the following is not a system under which classification of Agro-forestry System is done? a. Ecological Basis b. Socio-economic Basis c. Functional Basis d. Monetary Basis

Last Answer : d. Monetary Basis

Which of the following is not a system under which classification of Agro-forestry System is done? a. Ecological Basis b. Socio-economic c. Functional Basis d. Monetary Basis Basis

Description : Which of the following is not a system under which classification of Agro-forestry System is done? a. Ecological Basis b. Socio-economic Basis c. Functional Basis d. Monetary Basis

Last Answer : d. Monetary Basis

8. If the monetary base is increased by $1,000 and the reserve requirement is 10% (1/10), by how much will the money supply be increased? a. $100 b. $1,000 c. $5,000 d. $10,000

Description : 8. If the monetary base is increased by $1,000 and the reserve requirement is 10% (1/10), by how much will the money supply be increased? a. $100 b. $1,000 c. $5,000 d. $10,000

Last Answer : d. $10,000

7. The monetary base is composed of: a. gold and silver b. currency only c. currency and reserves d. currency and checkable deposits

Description : 7. The monetary base is composed of: a. gold and silver b. currency only c. currency and reserves d. currency and checkable deposits

Last Answer : c. currency and reserves

When was the International Monetary Fund (IMF) set up? a) 1912 b) 1214 c) 1942 d) 1944

Description : When was the International Monetary Fund (IMF) set up? a) 1912 b) 1214 c) 1942 d) 1944

Last Answer : d) 1944