Question : Paradox of Thrift means:

 

Option 1:  If all the people of the economy increase the proportion of income they save, the total value of investment in the economy will not increase, it will either decline or remain unchanged.

 

Option 2:  If all the people of the economy increase the proportion of income they spend, the total value of savings in the economy will not increase, it will either decline or remain unchanged.

 

Option 3:  If all the people of the economy decrease the proportion of income they save, the total value of savings in the economy will not increase, it will either decline or remain unchanged.

 

Option 4:  If all the people of the economy increase the proportion of income they save, the total value of savings in the economy will not increase, it will either decline or remain unchanged.

 

Question : If the value of Investment Multiplier is 5 and the increased income is 800 crore in an economy, the find the value of change in the investment in the economy.

Option 1: 4000 crore

Option 2: 120 crore

Option 3:  400 crore

Option 4: 160 crore

Question : _________ is a market where economic agents can freely exchange their endowments with each other.

Option 1: Market economy

Option 2: Centrally planned economy

Option 3: Aggregate demand based economy

Option 4: Aggregate supply based economy

Question :

 Identify the correct sequence of the Selection process :

(A) Selection decision

(B). Employment interview

(C) Selection tests

(D) Reference checking

Choose the correct answer from the options given below:

Option 1: (A), (B), (C), (D)

Option 2: (A), (C), (B), (D)

Option 3: (B), (A), (D), (C)

Option 4:  (C), (B), (D), (A)

Question :  The Great Leap Forward (GLF) campaign took place in ________

Option 1: 1948

Option 2: 1938

Option 3: 1958

Option 4: 1942

Question :

 Identify the correct sequence of the Controlling process :

(A) Analysing deviations

(B) Measurement of actual performance

(C) Setting up standards

(D) Comparison of actual performance with standards

Choose the correct answer from the options below:

Option 1: (A), (B), (C), (D)

Option 2:  (A), (C), (B), (D)

Option 3:  (B), (A), (D), (C)

Option 4: (C), (B), (D),(A)