Economics - Study Mode
[#706] If government expenditure is increased by Rs. 700 and tax is also increased by Rs. 700 then the equilibrium level of income:
Correct Answer
(C) Will no change
[#707] Which of the following is a correct statement?
Correct Answer
(C) The desire for a commodity backed by ability and willingness to pay is demanded
[#708] The market period supply curve for perishable commodities is
Correct Answer
(B) perfectly inelastic
[#709] Assertion (A): Auto companies and other consumer goods companies offer cash rebates to encourage purchase of the manufacturer's products within a specified period Reason (R): The same product is priced differently at different times. In the context of the two statements above to pricing strategy, which one of the following options is correct?
Correct Answer
(C) (A) is correct but (R) is not correct
[#710] Which of the following bodies finalizes the Five Year Plan Proposals?
Correct Answer
(C) National Development Council
Explanation
Solution: National Development Council finalizes the Five Year Plan Proposals.