Description : The relationship between the rate of interest and level of consumption was first visualized by - (1) Amartya K. Sen (2) Milton Friedman (3) Irving Fisher (4) James Duesenberry
Last Answer : (3) Irving Fisher Explanation: Irving Fisher, in His Theory of Interest (1930), found the relationship between interest rates (nominal interest rate and real interest rate) and the ... interest rate on savings and gives an inverse relationship between nominal interest rates and consumer expenditures
Description : Who is credited for the concept that there could be equilibrium in an economy at less than full employment also ? (a) J.B. Say (b) Keynes (c) Fisher (d) Milton Friedman
Last Answer : (a) J.B. Say
Description : Human Development Index was developed by : (1) Amartya Sen (2) Mahbub-ul-Haq (3) Friedman (4) Montek Singh
Last Answer : (2) Mahbub-ul-Haq Explanation: The origins of the Human Development Index (HDI) are found in the annual Human Development Reports of the United Nations Development Programme (UNDP). These ... Haq brought together a group of well-known development economists including: Paul Streeten, Frances Stewart.
Description : Human Development Index was developed by : (1) Amartya Sen (3) Friedman (2) Mahbub-ul-Haq (4) Montek Singh
Last Answer : Mahbub-ul-Haq
Description : Milton Friedman gave emphasis in his quantity theory of money on (a) Production and Income (b) Price level (c) Supply of Money (d) Demand for Money
Last Answer : (d) Demand for Money
Description : “Any asset capable of serving as a temporary abode of purchasing power is money.” This definition of money is given by (a) Milton Friedman (b) Gurley and Shaw (c) Francis Walker (d) Crowther
Last Answer : (a) Milton Friedman
Description : The term Rolling Plan was first used by (a) Dr. Manmohan Singh (b) Gunnar Myrdal (c) Amartya Sen (d) None of the above
Last Answer : (b) Gunnar Myrdal
Description : The first Indian to win Nobel Prize was (1) C.V. Raman (2) Rabindra Nath Tagore (3) Hargobind Khurana (4) Amartya Sen
Last Answer : Rabindra Nath Tagore
Description : What is the main objective of development according to Nobel laureate Prof Amartya Sen? -Geography
Last Answer : Increase in freedom or decrease in unfreedom
Description : HDI (Human Development Index) as an indicator of the well-being of a country, was the brain child of: A. Amartya Sen B. Javier Pere de Guellar C. Adam Smith D. Mahbub-ul-Haq
Last Answer : ANSWER: D
Description : Which of the following Indian Nobel Prize winners is associated with economics? A. V.S. Naipaul B. Amartya Sen C. C.V. Raman D. Hargobind Khorana
Last Answer : ANSWER: B
Description : Which theory advocates of ‘distributive justice’ (a) Amartya Sen Idea of Justice (b) Plato Theory of Justice (c) Rawls Theory of Justice (d) None of these
Last Answer : (c) Rawls Theory of Justice
Description : Under whose chairmanship was the working group on district planning set up? a. C.H.Hanumantha Rao b. Amartya Sen c. C. Rangarajan d. Bimal Jalan
Last Answer : a. C.H.Hanumantha Rao
Description : In which years, Amartya Sen was awarded with Nobel Prize in economics
Last Answer : Ramon Magsaysay Award.
Description : In which year did Amartya Kumar Sen receive the Nobel Prize in Economics ? (1) 1998 (2) I995 (3) 2000 (4) 1990
Last Answer : 1998
Description : Nobel Prize winning India, Amartya Sen, is known for his work in which area ? (1) Physics (2) Environmental Protection (3) Chemistry (4) Economics
Last Answer : Economics
Description : Prof. Amartya Sen was awarded Nobel Prize for his contribution to the field of (1) food and famines (2) welfare economics (3) Indian economy (4) poverty
Last Answer : welfare 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
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.
Description : As the number of investments made by a firm increases, its internal rate of return - (1) declines due to diminishing marginal productivity. (2) declines because the market rate of interest will ... the firm for the current consumption foregone. (4) increases because the level of savings will fall.
Last Answer : (3) increases to compensate the firm for the current consumption foregone. Explanation: Internal rates of return are commonly used to evaluate the desirability of investments or projects. The higher a ... of return is greater than an established minimum acceptable rate of return or cost of capital.
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.
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
Description : As the number of investments made by a firm increases, its internal rate of return (1) declines due to diminishing marginal productivity. (2) declines because the market rate of interest will fall ... firm for the current consumption foregone. (4) increases because the level of savings will fall.
Last Answer : increases to compensate the firm for the current consumption foregone.
Description : High Yielding Variety of wheat was developed by (a) G.B Pant. (b) Norman Borlaug. © A.K Sen. (d) None of them.
Last Answer : (b) Norman Borlaug.
Description : .“ As size of a farm increases productivity decreases”- who argued? (a) A.K Sen. (b) G.B Pant. © M Hauk. (d) M.S Swaminathan.
Last Answer : (a) A.K Sen.
Description : Which one of the following economists is associated with Portfolio approach of demand for money ? (a) Keynes (b) Tobin (c) Friedman (d) Baumol
Last Answer : (b) Tobin
Description : Who is known as the “father of Tillage”? a. R.A Fisher b. M.L Trough c. Jethro Tull d. Oscar Brefeld
Last Answer : c. Jethro Tull
Description : Lower interest rates are likely to (a) Decrease consumption. (b) Increase cost of borrowing. © Encourage saving. (d) Increase borrowing and spending.
Last Answer : (d) Increase borrowing and spending.
Description : Consumptions function refers to - (1) relationship between income and employment (2) relationship between savings and investment (3) relationship between input and output (4) relationship between income and consumption
Last Answer : (4) relationship between income and consumption Explanation: The Consumption function is a single mathematical function used to express consumer spending. It was developed by John Maynard Keynes and ... by current income and induced consumption that is influenced by the economy's income level.
Description : A supply function expresses the relationship between - (1) price and output (2) price and selling cost (3) price and demand (4) price and consumption
Last Answer : (1) price and output Explanation: The supply function expresses the relationship between the Lotal quantily supplied and the price received by all suppliers per unit of time, holding other factors constant. It illustrates the relation between price and supply.
Description : The functional relationship between income and consumption expenditure is explained by - (1) Consumer' Surplus (2) Law of Demand (3) Law of Supply (4) Keynes's psychological law of consumption
Last Answer : (4) Keynes's psychological law of consumption Explanation: Keynes defined Psychological Law of Consumption in terms of, "The fundamental psychological law, upon which we are entitled to depend with great ... consumption as their income increases but not by as much as the increase in the income."
Description : Production function explains the relationship between - (1) initial inputs and ultimate output (2) inputs and ultimate consumption (3) output and consumption (4) output and exports
Last Answer : (1) initial inputs and ultimate output Explanation: Production function explains the relationship between factor input and output under given technology. It explains as to for increasing the ... . Production function explains the physical relationship between input and output under given technology.
Description : Consumption function expresses the relationship between consumption and - (1) savings (2) income (3) investment (4) price
Last Answer : (2) income Explanation: The consumption function is a mathematical formula laid out by famed economist John Maynard Keynes. The formula was designed to show the relationship between real disposable ... being what Keynes considered the most important determinant of short-term demand in an economy.
Description : Engel’s curve illustrates the relationship between (a) Consumption and Utility (b) Production and Productivity (c) Income and Consumption (d) Income and Production
Last Answer : (c) Income and Consumption
Description : Consumption function expresses the relationship between consumption and (1) savings (2) income (3) investment (4) price
Last Answer : income
Description : The functional relationship between income and consumption expenditure is explained by (1) Consumer’ Surplus (2) Law of Demand (3) Law of Supply (4) Keynes’s psychological law of consumption
Last Answer : Keynes’s psychological law of consumption
Description : Consumptions function refers to (1) relationship between income and employment (2) relationship between savings and investment (3) relationship between input and output (4) relationship between income and consumption
Last Answer : relationship between income and consumption
Description : A supply function expresses the relationship between (1) price and output (2) price and selling cost (3) price and demand (4) price and consumption
Last Answer : price and output
Description : Production function explains the relationship between (1) initial inputs and ultimate output (2) inputs and ultimate consumption (3) output and consumption (4) output and exports
Last Answer : initial inputs and ultimate output
Description : Who was the first Chief Election Commissioner of India? (1) G.V. Maviankar (2) T. Swaminathan (3) K.V.K. Sundaram (4) Sukumar Sen
Last Answer : (4) Sukumar Sen Explanation: Sukumar Sen was an Indian civil servant who was the first Chief Election Commissioner of India, serving from 21 March, 1950 to 19 December, 1958. Under his ... successfully administered and oversaw independent India's first two general elections, in 1951-52 and in 1957.
Description : Who was the first Chief Election Commissioner of India? (1) K.V.K. Sundaram (2) Sukumar Sen (3) G.V. Mavlankar (4) T. Swaminathan
Last Answer : (2) Sukumar Sen Explanation: Sukumar Sen was the first Chier Election Commissioner of India (March 21, 1950 - December 19, 1958). V S Sampath is the Chief Election Commissioner of India since June 11, 2012.
Description : The First Election Commissioner of India was – (1) S.P. Sen Verma (2) Dr. Nagendra Singh (3) K.V.K. Sundram (4) Sukumar Sen
Last Answer : (4) Sukumar Sen Explanation: Sukumar Sen was an Indian civil servant who was the first Chief Election Commissioner of India, serving from 21 March, 1950 to 19 December, 1958. Under his leadership, the ... in 1951-52 and in 1957. He also served as first Chief Election Commissioner in Nepal and Sudan.
Description : First successful heart, transplantation was done by - (1) D.S. Paintal (2) C.N. Barnard (3) D. Shetty (4) P. K. Sen
Last Answer : (2) C.N. Barnard Explanation: Christiaan Neethlirig Barnard was a South African cardiac surgeon who performed the world's first successful human-to-human heart transplant. He performed the world's ... , Louis Washkansky, was a 54-year-old grocer, suffering from diabetes and incurable heart disease.
Description : In India, first Operations Research application was made by ........................... a. Pranab K Sen b. Prof. Mahalonobis c. Samarendra Nath Roy d. Raghu Raj Bahadur
Last Answer : b. Prof. Mahalonobis
Description : First successful heart transplantation was done by (1) D.S. Paintal (2) C.N. Barnard (3) D. Shetty (4) P. K. Sen
Last Answer : C.N. Barnard
Description : The Second Chief Election Commissioner of India was – (1) Sukumar Sen (2) S. P. Sen Verma (3) K. V. K Sundaram (4) T. Swaminathan
Last Answer : (3) K. V. K Sundaram Explanation: K.V. K. Sundaram way an Indian civil servant who holds the record as the first Law Secretary (1948-58) of independent India and second Chief Election Commissioner of India (December 20, 1958 - September 30, 1967). Sulcumar Sen (1950-1958) was the first.
Description : Cheap Money means - (1) Low Rate of Interest (2) Low level of Savings (3) Low level Income (4) Excess of Black Money
Last Answer : (1) Low Rate of Interest Explanation: Cheap Money' is a loan or credit with a low interest rate, or the setting of low interest rates by a central bank like the Federal Reserve. Cheap money ... see the same low interest rates on investments like savings accounts, money market funds, CDs and bonds.
Description : According to the classical system, saving is a function of - (1) Income (2) The interest rate (3) The real wage (4) The Price level
Last Answer : (1) Income Explanation: Saving function is a mathematical relation between saving and income by the household sector. This function captures the saving-income relation, the flip side of the consumption-income relation that forms one of the key building blocks for Keynesian economics.