If face value of currency is equal to its real value, it is
If face value of currency is equal to its real value, it is called:
paper money | |
standard money | |
credit money | |
token money |
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Relationship of value of money with quantity of money is:
Relationship of value of money with quantity of money is:
Inverse | |
Indirect | |
Direct | |
Positive |
The money whose face value is equal to its intrinsic value:
The money whose face value is equal to its intrinsic value:
sub-standard money | |
token money | |
standard money | |
metallic money |
The money in which payment can be made only to the certain e
The money in which payment can be made only to the certain extent is called:
metallic money | |
limited legal tender money | |
unlimited legal tender money | |
paper money |
_______ is not considered perfect money:
_______ is not considered perfect money:
one thousand rupee note | |
hundred rupee note | |
ten rupee note | |
piece of silver |
It was impossible under barter system:
It was impossible under barter system:
lack of coincidence of wants | |
lack of common measure of value | |
divisibility of some goods in small parts | |
solution of of the said problems |
Barter means:
Barter means:
Exchange of goods and services with goods and services | |
None of these | |
Exchange of goods with services | |
Exchange of goods with money |
Which one of the following is transfer payments:
Which one of the following is transfer payments:
wages | |
prices | |
unemployment allowances | |
salaries |
After deducting direct tax from personal income, we get:
After deducting direct tax from personal income, we get:
per capita income | |
disposable personal income | |
personal income | |
national income |
Which one of the following does not include in NI:
Which one of the following does not include in NI:
Salaries / wage of labourers | |
service of domestic woman | |
industrial product | |
agricultural product |
According to which economist, national income is the name of
According to which economist, national income is the name of total of production of goods and services:
Marshall | |
Fisher | |
Pigou | |
Adam Smith |
One of the following is not included in gross domestic produ
One of the following is not included in gross domestic product:
private investment | |
Govt. investment | |
incomes received from foreign countries | |
depreciation allowance |
________ are added in national income:
________ are added in national income:
indirect taxes | |
direct taxes | |
depreciation allowance | |
subsidies |
National income increases by:
National income increases by:
the increase in the quantity of goods and services | |
the increase in prices of goods | |
the increase in the income of entrepreneurs | |
the increase in the quantity of capital goods |
According to Prof. Ackley Gardener, amounts are included in
According to Prof. Ackley Gardener, amounts are included in national income:
wages | |
profits | |
all the three | |
rent and interests |
Repairing expenditure of machines are called:
Repairing expenditure of machines are called:
depreciation allowance | |
rewards / remunerations | |
productive expenditure | |
unproductive expenditure |
Disposable personal income is equal to:
Disposable personal income is equal to:
personal income + direct and indirect taxes | |
personal income + direct taxes | |
personal income - direct taxes | |
personal income + indirect taxes |
Transfer payments include:
Transfer payments include:
national income | |
personal income | |
disposable personal income | |
gross domestic income |
If we subtract direct taxes from personal income, we get:
If we subtract direct taxes from personal income, we get:
net domestic income | |
personal savings | |
disposable personal income | |
net national product |
The equilibrium level of national income is, where:
The equilibrium level of national income is, where:
TR = TC | |
S = I | |
Qd = Qs | |
MR = MC |