Question : Value of MPS (Marginal Propensity to Save) is increased from 0.4 to 0.5. What would be the impact on Multiplier?
Option 1: The size of the multiplier would be increased.
Option 2: The size of the multiplier would remain same.
Option 3: Value of multiplier is undetermined with the given information.
Option 4: The size of the multiplier would be decreased.
Correct Answer: The size of the multiplier would be decreased.
Solution : There is an inverse relationship between the value of the multiplier and MPS. If MPS = 0.4, then Investment Multiplier = 1/MPS = 1/0.4 = 2.5. If MPS = 0.5, then Investment Multiplier = 1/MPS = 1/0.5 = 2. It clearly shows, the size of the multiplier would be decreased with the increase in MPS.
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 : The Great Leap Forward (GLF) campaign took place in ________
Option 1: 1948
Option 2: 1938
Option 3: 1958
Option 4: 1942
Question : Article 112 deals with:
Option 1: Consolidated Fund of India
Option 2: Public Account
Option 3: Union Budget
Option 4: Contingency Fund
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)
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 4: (C), (B), (D),(A)
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