The main emphasis of Keynesian economics is on (1) Expenditure (2) Exchange (3) Foreign trade (4) Taxation

The main emphasis of Keynesian economics is on (1) Expenditure (2) Exchange (3) Foreign trade (4) Taxation
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Expenditure
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The main emphasis of Keynesian economics is on - (1) Expenditure (2) Exchange (3) Foreign trade (4) Taxation

Description : The main emphasis of Keynesian economics is on - (1) Expenditure (2) Exchange (3) Foreign trade (4) Taxation

Last Answer : (1) Expenditure Explanation: Keynesian Economics is an economic theory of total spending in the economy and its effects on output and inflation. It emphasizes that government expenditures (or tax cuts) leads to increase in GDP which is a multiple of the original expenditure.

Friedrich Hayek was a proponent of : a) Keynesian economics b) Communism c) Classical Liberalism d) Socialism

Description : Friedrich Hayek was a proponent of : a) Keynesian economics b) Communism c) Classical Liberalism d) Socialism

Last Answer : : c) Classical Liberalism

The supply-side measure to control inflation is - (1) Reducing public expenditure (2) Price control through Public Distribution System (3) Higher taxation to mop up liquidity (4) Credit control

Description : The supply-side measure to control inflation is - (1) Reducing public expenditure (2) Price control through Public Distribution System (3) Higher taxation to mop up liquidity (4) Credit control

Last Answer : (2) Price control through Public Distribution System Explanation: The issue of inflation is addressed from both demand and supply sides. demand management is achieved by measures such as postponing public expenditure ... rice and wheat resorted to by FCI from its buffer stock in times of price rise.

The supply-side measure to control inflation is (1) Reducing public expenditure (2) Price control through Public Distribution System (3) Higher taxation to mop up liquidity (4) Credit control

Description : The supply-side measure to control inflation is (1) Reducing public expenditure (2) Price control through Public Distribution System (3) Higher taxation to mop up liquidity (4) Credit control

Last Answer : Price control through Public Distribution System

The supply-side economics lays greater emphasis on - (1) Producer (2) Global economy (3) Consumer (4) Middle Man

Description : The supply-side economics lays greater emphasis on - (1) Producer (2) Global economy (3) Consumer (4) Middle Man

Last Answer : (1) Producer Explanation: Supply-side economics emphasizes economic growth achieved by tax and fiscal policy that creates incentives to produce goods and service. It lays great emphasis on entrepreneurs, investors and producers who are treated the prime movers on which the economy depends.

The supply-side economics lays greater emphasis on (1) Producer (2) Global economy (3) Consumer (4) Middle Man

Description : The supply-side economics lays greater emphasis on (1) Producer (2) Global economy (3) Consumer (4) Middle Man

Last Answer : Producer

)The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into - (1) codification of tax laws (2) the entire structure of tax laws including the question of imposition of bank tax (3) the concerns of the foreign investors in India with regard to taxation matters (4) aspects of generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system

Description : )The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into - (1) codification of tax laws (2) the entire structure of tax ... generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system

Last Answer : (4) aspects of generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system Explanation: The Central Board of Direct Taxes (CBDT) ... steps to prevent generation of illicit funds through transactions in property, bullion and equity market.

The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into – (1) codification of tax laws (2) the entire structure of tax laws including the question of imposition of bank tax (3) the concerns of the foreign investors in India with regard to taxation matters (4) aspects of generation of black money, its transfer abroad and bringing back such money into India’s legitimate financial system

Description : The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into - (1) codification of tax laws (2) the entire structure of tax ... generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system

Last Answer : aspects of generation of black money, its transfer abroad and bringing back such money into India’s legitimate financial system

Which of the following are not characteristics of Keynesian consumption function? (a) The main influence on consumption in the short run is current disposable income (b) The marginal propensity to consume is less than one © The average propensity to consume decreases as income increases (d) The average propensity to consume increases as income increases

Description : Which of the following are not characteristics of Keynesian consumption function? (a) The main influence on consumption in the short run is current disposable income (b) The marginal ... consume decreases as income increases (d) The average propensity to consume increases as income increases

Last Answer : d) The average propensity to consume increases as income increases

A Trade Policy consists of - (1) Export-Import Policy (2) Licencing Policy (3) Foreign Exchange Policy (4) Balance of Payment Policy

Description : A Trade Policy consists of - (1) Export-Import Policy (2) Licencing Policy (3) Foreign Exchange Policy (4) Balance of Payment Policy

Last Answer : (1) Export-Import Policy Explanation: Trade policy, also called ExportImport policy, is a collection of rules and regulations which pertain to trade. Every nation has some form of trade policy in place ... taxes, tariffs, inspection regulations, and quotas can all be part of a nation's trade policy.

A Trade Policy consists of (1) Export-Import Policy (2) Licencing Policy (3) Foreign Exchange Policy (4) Balance of Payment Policy

Description : A Trade Policy consists of (1) Export-Import Policy (2) Licencing Policy (3) Foreign Exchange Policy (4) Balance of Payment Policy

Last Answer : Export-Import Policy

Name the organization which lay emphasis on liberalisation of foreign trade and foreign investment in India. -SST 10th

Description : Name the organization which lay emphasis on liberalisation of foreign trade and foreign investment in India. -SST 10th

Last Answer : World Trade Organization (WTO).

In contrast with classical economics, Keynesian economics _____.?

Description : In contrast with classical economics, Keynesian economics _____.?

Last Answer : takes a broader view of the economy

Keynesian economics failed to deal successfully with _____.?

Description : Keynesian economics failed to deal successfully with _____.?

Last Answer : high inflation during the 1970s

Micro-economics is also called : (1) Income theory (2) Investment theory (3) Price theory (4) Expenditure theory

Description : Micro-economics is also called : (1) Income theory (2) Investment theory (3) Price theory (4) Expenditure theory

Last Answer : (3) Price theory Explanation: Microeconomics is the branch of economics concerned with isolated parts of the economy, for example, individual people, firms or industries. It involves such topics as the theory of prices and of the firm.

Micro-economics is also called : (1) Income theory (2) Investment theory (3) Price theory (4) Expenditure theory

Description : Micro-economics is also called : (1) Income theory (2) Investment theory (3) Price theory (4) Expenditure theory

Last Answer : Price theory

Taxation and the government’s expenditure policy are dealt under under which policy? -General Knowledge

Description : Taxation and the government’s expenditure policy are dealt under under which policy? -General Knowledge

Last Answer : The answer is 'Fiscal policy'

Taxation and the government's expenditure policy are dealt under under which policy? -Do You Know?

Description : Taxation and the government's expenditure policy are dealt under under which policy? -Do You Know?

Last Answer : answer:

Taxation and the government’s expenditure policy are dealt under under which policy? -General Knowledge

Description : Taxation and the government’s expenditure policy are dealt under under which policy? -General Knowledge

Last Answer : answer:

1. Which Judge of the Supreme Court was unsuccessfully sought to be impeached? 2. Maximum hydrogen bonding would be observed in which compound? 3. Taxation and the government’s expenditure policy are dealt under under which policy? 4. Slash and burn agriculture in North Eastern State is Known by which name? 5. Which historical personality of India is also known as Vishnugupta?

Description : 1. Which Judge of the Supreme Court was unsuccessfully sought to be impeached? 2. Maximum hydrogen bonding would be observed in which compound? 3. Taxation and the government's expenditure policy are ... longest day? 20. What was the main occupation of the people of the Indus Valley civilization?

Last Answer : Answer : 1. Justice Ramaswami 2. Methanol 3. Fiscal policy 4. Jhumming 5. Chanakya 6. World Trade Organization 7. Ptyalin 8. Election Commission 9. Thorn 10. Portuguese 11. Obtuse 12. 1994-2004 13. Internal borrowings 14. Venus 15. 1613 16. 310 17. 2 years 18. 3.5% 19. Venus 20. Agriculture

Book recommendation on Keynesian economic theory?

Description : Book recommendation on Keynesian economic theory?

Last Answer : answer:If you want a book that gives you a clear explanation of Keynes and other great economic thinkers of our times, checkout the book The Wordly Philosophers I've read this book and I think it ... what your looking for without having to have to have PHD in economics to understand. Good Luck! R

The Keynesian consumption function shows a relation between - (1) aggregate consumption and total population. (2) aggregate consumption and general price level. (3) aggregate consumption and aggregate income (4) aggregate consumption and interest rate

Description : The Keynesian consumption function shows a relation between - (1) aggregate consumption and total population. (2) aggregate consumption and general price level. (3) aggregate consumption and aggregate income (4) aggregate consumption and interest rate

Last Answer : (3) aggregate consumption and aggregate income Explanation: According to Keynesian Theory of consumption, the current real disposable income is the most important determinant of consumption in the short run. It bases consumption on current income.

Acording to Keynesian theory of income determination, at full employment, a fall in aggregate demand causes - (1) a fall in prices of output and resources (2) a fall in real gross National product and employment (3) a rise in real gross National product and investment (4) a rise in prices of output and resources

Description : Acording to Keynesian theory of income determination, at full employment, a fall in aggregate demand causes - (1) a fall in prices of output and resources (2) a fall in real gross National product ... a rise in real gross National product and investment (4) a rise in prices of output and resources

Last Answer : (1) a fall in prices of output and resources Explanation: In 1936, John Maynard Keynes published the book "The General Theory of Employment, Interest and Money to explain the prolonged and ... at a below-full-employment equilibrium. Suppose that the economy is at the full-employment equilibrium.

Keynesian theory of investment is known as ----- (a) Marginal Efficiency of Capital Theory. (b) Marginal Efficiency of Investment Theory. © Optimum Stock of Capital Theory. (d) Actual Stock of Capital Theory.

Description : Keynesian theory of investment is known as ----- (a) Marginal Efficiency of Capital Theory. (b) Marginal Efficiency of Investment Theory. © Optimum Stock of Capital Theory. (d) Actual Stock of Capital Theory.

Last Answer : (b) Marginal Efficiency of Investment Theory.

If the Keynesian consumption function is, C=10+.8Y, if income is Rs 1000/- what is total consumption. (a) Rs .8/- (b) Rs 800/- © Rs 810/- (d) Rs .81/

Description : If the Keynesian consumption function is, C=10+.8Y, if income is Rs 1000/- what is total consumption. (a) Rs .8/- (b) Rs 800/- © Rs 810/- (d) Rs .81/

Last Answer : © Rs 810/-

Keynesian analysis is (a) A short run analysis. (b) Long run analysis. © Both short and long run analysis. (d) Neither short nor long run analysis.

Description : Keynesian analysis is (a) A short run analysis. (b) Long run analysis. © Both short and long run analysis. (d) Neither short nor long run analysis.

Last Answer : (a) A short run analysis.

n simple Keynesian model, stability of equilibrium exists, if (a) APC is less than one. (b) APS is less than one. © MPC is less than one. (d) None of the above.

Description : n simple Keynesian model, stability of equilibrium exists, if (a) APC is less than one. (b) APS is less than one. © MPC is less than one. (d) None of the above.

Last Answer : (a) APC is less than one.

Which of the following statement is incorrect,- In simple Keynesian model,- (a) MPC+MPS=1 (b) APC+ APS=1 © Both (a) and (b) (d) Neither (a) nor (b).

Description : Which of the following statement is incorrect,- In simple Keynesian model,- (a) MPC+MPS=1 (b) APC+ APS=1 © Both (a) and (b) (d) Neither (a) nor (b).

Last Answer : (d) Neither (a) nor (b).

n the simple Keynesian model investment is (a) Fixed. (b) A function of level of income. © Either fixed or a function of level of income. (d) None of the above.

Description : n the simple Keynesian model investment is (a) Fixed. (b) A function of level of income. © Either fixed or a function of level of income. (d) None of the above.

Last Answer : © Either fixed or a function of level of income.

n the simple Keynesian model consumption is a function of, (a) Rate of interest. (b) Level of income. © Price level. (d) None of the above.

Description : n the simple Keynesian model consumption is a function of, (a) Rate of interest. (b) Level of income. © Price level. (d) None of the above.

Last Answer : (b) Level of income.

The Keynesian consumption function shows a relation between (1) aggregate consumption and total population. (2) aggregate consumption and general price level. (3) aggregate consumption and aggregate income (4) aggregate consumption and interest rate

Description : The Keynesian consumption function shows a relation between (1) aggregate consumption and total population. (2) aggregate consumption and general price level. (3) aggregate consumption and aggregate income (4) aggregate consumption and interest rate 

Last Answer : aggregate consumption and aggregate income

According to Keynesian theory of income determination, at full employment, a fall in aggregate demand causes (1) a fall in prices of output and resources (2) a fall in real gross National product and employment (3) a rise in real gross National product and investment (4) a rise in prices of output and resources

Description : According to Keynesian theory of income determination, at full employment, a fall in aggregate demand causes (1) a fall in prices of output and resources (2) a fall in real gross National product and ... rise in real gross National product and investment (4) a rise in prices of output and resources

Last Answer :  a fall in prices of output and resources

No politicking, just economics. Would simply taxing all goods and services work better than the American system of taxation? Akin to sales tax.

Description : No politicking, just economics. Would simply taxing all goods and services work better than the American system of taxation? Akin to sales tax.

Last Answer : I think, and have for awhile, taxing individuals is messy and inefficient. Taxing all goods and services is even more messy and inefficient. If I had to redo from scratch, I’d perhaps only tax corporations, inheritances, and capital gains as a way to simplify everything.

8. How does foreign trade lead to integration of markets across countries? Explain with an example other than those given here. -Economics 10th

Description : 8. How does foreign trade lead to integration of markets across countries? Explain with an example other than those given here. -Economics 10th

Last Answer : Foreign trade has led to the integration of markets across the countries. Because of foreign trade, the producers are now able to compete and export their goods to the markets of other countries. ... not flooded with goods made in India but goods from all across the world at an affordable price.

2. What was the reasons for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers? -Economics 10th

Description : 2. What was the reasons for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers? -Economics 10th

Last Answer : The main reason for putting barriers to foreign trade and foreign investment by the Indian government was to protect the interest earned by producers and small industrialists of our country from ... and removing these barriers would increase trade and quality of products produced in the country.

In terms of economics, what is an "externality"•? a) Benefits or harm caused by a firm without payment/penalty b) Net income from foreign countries c) Total exports by a country in a given year d) None of the above

Description : In terms of economics, what is an "externality"•? a) Benefits or harm caused by a firm without payment/penalty b) Net income from foreign countries c) Total exports by a country in a given year d) None of the above

Last Answer : a) Benefits or harm caused by a firm without payment/penalty

The Ability Principle of Taxation is given by - (1) Adam Smith (2) Edgeworth (3) Joan Robinson (4) J.S.Mill

Description : The Ability Principle of Taxation is given by - (1) Adam Smith (2) Edgeworth (3) Joan Robinson (4) J.S.Mill

Last Answer : (1) Adam Smith Explanation: The 'Ability-to-Pay' principle of Taxation is one of the canons of taxation proposed by Adam Smith in his 'Wealth of Nations.' It is a progressive taxation principle ... to pay of an individual or group. The emphasis in this approach is put on redistribution of income.

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.

Which one of the following is not a 'canon of taxation' according to Adam Smith? (1) Canon of certainty (2) Canon of simplicity (3) Canon of convenience (4) Canon of economy

Description : Which one of the following is not a 'canon of taxation' according to Adam Smith? (1) Canon of certainty (2) Canon of simplicity (3) Canon of convenience (4) Canon of economy

Last Answer : (2) Canon of simplicity Explanation: In this book, titled The Wealth of Nations, 'Adam smith only gave four canons of taxation: (i) canon of equity; (ii) canon of certainty; (iii) canon of convenience; and (iv) canon of economy.

The 'Canons of Taxation' were propounded by - (1) Edwin Canon (2) Adam Smith (3) J.M. Keynes (4) Dalton

Description : The 'Canons of Taxation' were propounded by - (1) Edwin Canon (2) Adam Smith (3) J.M. Keynes (4) Dalton

Last Answer : (2) Adam Smith Explanation: Canons of Taxation were first originally laid down by economist Adam Smith in his famous book 'The Wealth of Nations". In this book, Adam smith only gave four canons of taxation: ... equity: (ii) canon of certainty: (iii) canon of convenience; and (iv) canon of economy.

Which of the followings cannons of taxation have been propounded by Adam Smith ? (a) Economy, Elasticity, Simplicity, Sufficiency. (b) Certainty, Convenience, Economy, Elasticity. (c) Economy, Co-ordination, Convenience, Expediency. (d) Equity, Certainty, Convenience, Economy.

Description : Which of the followings cannons of taxation have been propounded by Adam Smith ? (a) Economy, Elasticity, Simplicity, Sufficiency. (b) Certainty, Convenience, Economy, Elasticity. (c) Economy, Co-ordination, Convenience, Expediency. (d) Equity, Certainty, Convenience, Economy.

Last Answer : (a) Economy, Elasticity, Simplicity, Sufficiency.

Under progressive taxation, the real value of tax on a given level of real income : (a) decreases under inflation (b) rises under depression (c) rises under inflation (d) remains unchanged under inflation

Description : Under progressive taxation, the real value of tax on a given level of real income : (a) decreases under inflation (b) rises under depression (c) rises under inflation (d) remains unchanged under inflation

Last Answer : (c) rises under inflation

The most important source of Public Revenue is (a) Taxation (b) Fees (c) Fines and Penalties (d) Subsidies

Description : The most important source of Public Revenue is (a) Taxation (b) Fees (c) Fines and Penalties (d) Subsidies

Last Answer : (a) Taxation

The final resting place of a tax is called (a) impact of taxation (b) incidence of taxation (c) effect of taxation (d) shifting of taxation

Description : The final resting place of a tax is called (a) impact of taxation (b) incidence of taxation (c) effect of taxation (d) shifting of taxation

Last Answer : b) incidence of taxation

The Diffusion theory in Taxation was given by (a) Adam Smith (b) Seligman (c) Findlay (d) Mansfield and Canard

Description : The Diffusion theory in Taxation was given by (a) Adam Smith (b) Seligman (c) Findlay Shirras (d) Mansfield and Canard

Last Answer : (d) Mansfield and Canard

An increase in consumption at any given level of income will lead to (a) Higher aggregate demand. (b) An increase in exports. © A fall in taxation revenue. (d) A decrease in import spending.

Description : An increase in consumption at any given level of income will lead to (a) Higher aggregate demand. (b) An increase in exports. © A fall in taxation revenue. (d) A decrease in import spending.

Last Answer : (a) Higher aggregate demand.

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

Which one of the following is not a ‘canon of taxation’ according to Adam Smith ? (1) Canon of certainty (2) Canon of simplicity (3) Canon of convenience (4) Canon of economy

Description : Which one of the following is not a ‘canon of taxation’ according to Adam Smith ? (1) Canon of certainty (2) Canon of simplicity (3) Canon of convenience (4) Canon of economy

Last Answer : Canon of simplicity

The ‘Canons of Taxation’ were propounded by (1) Edwin Canon (2) Adam Smith (3) J.M. Keynes (4) Dalton

Description : The ‘Canons of Taxation’ were propounded by (1) Edwin Canon (2) Adam Smith (3) J.M. Keynes (4) Dalton

Last Answer : Adam Smith

The Ability Principle of Taxation is given by (1) Adam Smith (2) Edgeworth (3) Joan Robinson (4) J.S.Mill

Description : The Ability Principle of Taxation is given by (1) Adam Smith (2) Edgeworth (3) Joan Robinson (4) J.S.Mill

Last Answer : Adam Smith