Economics Quiz "SHOUT RIGHT OUT"

It is the negative MPC times the inverse of one minus the MPC to consume. It measures the magnification effect of a change in taxes on AD.

• Tax Rebate

• Tax Multiplier

• Income Tax

• Tax Equalization

"Your Perfect Banking Partner" is the tagline of which bank?

• Axis Bank

• Federal Bank

• HDFC

• ICICI

Which of the following is a semi-durable product?

• Photography equipment

• Jewellery

• Preserved eatables

• Chemical products like Paint

Which one of these means infusing more capital in the state runs banks so that they meet the banks can meet the capital adequacy norms?

• Strategic Disinvestment

• Bank Recapitalization

• Monetization

• Cess

In a fish and rabbit community, a man is able to catch either 4 fishes or 1 rabbit in 6 hours of doing an activity. This statement is an illustration of?

• Equi Marginal Utility

• Diminishing Returns

• Opportunity Cost

• Double Coincidence of wants

Who made the statement "Inflation is everywhere and always a monetary phenomenon"?

• Milton Friedman

• James Tobin

• TW Swan

• AW Phillips

Inconsistency of which of the following criteria is labelled as Scitovsky Paradox?

• Little Criteria

• Pareto Criteria

• Bergson Criteria

• Kaldor - Hicks Criteria

A toll tax is a tax based on which of the following?

• The Benefit Principle

• Horizontal equity

• Vertical equity

• Tax progressively

Which of these is not one amongst the 6 pillars of Union Budget 2021?

• Women Empowerment

• Innovation and R&D

• Reinvigorating Human Capital

• Inclusive Development for Aspirational India

In the context of doubling farmers' income objective, which of the following is NOT correct?

• The Target is 2022-23

• It is the real income which is to be doubled

• Income from cultivation alone is to be doubled

• Diversification of agriculture is to be promoted