Question : Who defined investment as "the construction of a new capital asset like machinery or factory building" ?
Option 1: Hansen
Option 2: J.M. Keynes
Option 3: Harrod
Option 4: J.R. Hicks
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Correct Answer: J.M. Keynes
Solution : The correct option is J.M. Keynes
The characterization of investment as "the creation of a fresh capital asset such as machinery or the construction of a factory building" is often attributed to the distinguished economist John Maynard Keynes. Keynes, a prominent figure in 20th-century economics, is acclaimed for his contributions to macroeconomics and his advocacy for government intervention in economic affairs to regulate overall demand.
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Question : While determining income the expenditure on which of the following items is not considered as investment ?
Option 1: Construction of factory
Option 2: Computer
Option 3: Increase in the stock of unsold articles
Option 4: Stock and share in joint stock company
Question : The term ' Macro Economics ' was used by____________.
Option 1: J.M. Keynes
Option 2: Ragnar Frisch
Option 3: Ragnar Nurkse
Option 4: Prof.Knight
Question : Who speaks of Cabinet system as "the steering wheel of the ship of state" ?
Option 1: Lowell
Option 2: Muir
Option 3: Marriot
Option 4: Bagehot
Question : Who is called the "Greatest Investigator of antiquity" ?
Option 1: Aristotle
Option 2: Darwin
Option 3: Cuvier
Option 4: Socrates
Question : Select the correct passive form of the given sentence.
We have finalised the site for our new factory.
Option 1: The site for our new factory is finalised by us.
Option 2: The site for our new factory have been finalised by us.
Option 3: The site for our new factory has been finalised by us.
Option 4: The site for our new factory had been finalised by us.
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