Question : A difference curve measures _______ level of satisfaction derived from different combinations of commodities X and Y.

Option 1: same

Option 2: higher

Option 3: lower

Option 4: minimum

Question : Which curve shows the inverse relationship between unemployment and inflation rates?

Option 1: Supply curve

Option 2: Indifference curve

Option 3: IS curve

Option 4: Phillips curve

Question : Which of the following curve describes the variation of household expenditure on a particular good with respect to household income?

Option 1: Demand curve

Option 2: Engel curve

Option 3: Great Gatsby curve

Option 4: Cost curve

Question : Non-tax revenue is part of ______.

Option 1: Revenue expenditure

Option 2: Revenue receipts

Option 3: Capital expenditure

Option 4: Capital receipts

Question : The income of A is $\frac{2}{3}$ of B's income and the expenditure of A is $\frac{3}{4}$ of B's expenditure. If $\frac{1}{3}$ of the income of B is equal to the expenditure of A, then the ratio of the savings of A to those of B is:

Option 1: 5 : 3

Option 2: 3 : 5

Option 3: 4 : 3

Option 4: 3 : 4