Question : A certain sum was invested at the rate of 10% for 2 years at Compound interest and compounded annually. The same sum was invested for the same period and the same rate of interest at Simple interest. If the difference between Compound interest and Simple interest was Rs. 200 find the sum.

Option 1: Rs. 30,000

Option 2: Rs. 25,000

Option 3: Rs. 22,000

Option 4: Rs. 20,000

Question : Who gave the concept of 'money illusion' for the first time?

Option 1: Robertson

Option 2: Adam Smith

Option 3: Irving Fisher

Option 4: John Maynard Keynes

Question : The first Nobel Prize in Economics was awarded to:

Option 1: Joseph Stiglitz

Option 2: Paul Samuelson

Option 3: Amartya Sen

Option 4: Jan Tinbergen and Ragnar Frisch

Question : Collective consumption means 

Option 1: household consumption 

Option 2: individual consumption 

Option 3: self-consumption 

Option 4: consumption by the citizens of the country 

Question : When the general interest rate reaches a low level, which of the following statements will be correct?

Option 1: Most people will expect the interest rate to rise in the future.

Option 2: Most people will prefer to hold bonds.

Option 3: Most people will speculate a further decline in the rate of interest.

Option 4: Any increase in the money supply will cause the interest rate to fall further.