1) Which of the following relations always
holds true?
(A) Income = Consumption + Investment
(B) Income = Consumption + Saving
(C) Saving = Investment
(D) Income = Consumption + Saving +
Investment
2) The Keynesian consumption function shows
a relation between
(A) aggregate consumption and total
population.
(B) aggregate consumption and general price
level.
(C) aggregate consumption and aggregate
income.
(D) aggregate consumption and interest
rate.
3) Over short period, when income rises,
average propensity to consume usually
(A) rises
(B) falls
(C) remains constant
(D) fluctuates
4) Average propensity to consume is defined
as
(A) Aggregate
consumption / Total population
(B) Aggregate income / Aggregate
consumption
(C) Change in consumption / Change in
income
(D) Aggregate consumption / Aggregate
income
5) In short run, if a competitive firm
incurs losses, it will
(A) stop production.
(B) continue to produce as long as it can
cover its variable costs.
(C) raise price of its product.
(D) go for advertising campaign.
6) Which one of the following is the
specific feature of the single member constituency system?
(A) The system is economical for
representatives.
(B) Gerrymandering is not possible in this
system.
(C) It secures a stable majority in the
legislature.
(D) The candidate has to spend less on
electioneering.
7) Who said, "Adolf Hitler is Germany
and Germany is Adolf Hitler. He who pledges himself to Hitler pledges himself
to Germany" ?
(A) R. Hess
(B) Mussolini
(C) Hitler
(D) Communist International
8) Who speaks of Cabinet system as
"the steering wheel of the ship of State" ?
(A) Lowell
(B) Muir
(C) Marriot
(D) Bagehot
9) Who has called the Prime Minister primus
inter pares (first among equals) ?
(A) Morely
(B) Harcourt
(C) Laski
(D) Lowell
10) 'There are no politics devoid of
religion' is stated by
(A) Nehru
(B) Gandhi
(C) Vinoba Bhave
(0) Jaya Prakash Narayan
Answers
1) Ans. (B) Income = Consumption + Saving
2) Ans. (C) aggregate consumption and
aggregate income.
3) Ans. (B) falls
4) Ans. (D) Aggregate consumption /
Aggregate income
5) Ans. (B) continue to produce as long as
it can cover its variable costs.
6) Ans. (D) The candidate has to spend less
on electioneering.
7) Ans. (A) R. Hess
8) Ans. (B) Muir
9) Ans. (A) Morely
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