Tag: economics

Questions Related to economics

Which of the following is a correct statement?

economics income determination unemployment and employment generation the short run fixed price analysis of the product market liquidity preference and profit

  1. Every registered taxable person other than ISD, non-resident tax payer & a person paying tax under section 10, 51 or 52 shall verify, validate, modify or delete the details communicated in Form GSTR 2A

  2. The details of outward supplies communicated in Form GSTR 2A cannot be modified or altered

  3. The registered taxable person should accept the details communicated in Form GSTR 2A by 12th of the succeeding month

  4. The registered taxable person other than ISD, non-resident tax payer & a person paying tax under section 10, 51 or 52 shall furnish the details of inward supplies of goods or services excluding tax payable on reverse charge basis.

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Correct Option: A

Aggregate supply is a function of the level of employment in the short run.

economics income determination unemployment and employment generation the short run fixed price analysis of the product market liquidity preference and profit

  1. True

  2. False

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Correct Option: A

Public expenditure includes expenditure on social goods.

economics income determination unemployment and employment generation the short run fixed price analysis of the product market liquidity preference and profit

  1. True

  2. False

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Correct Option: A

The aggregate demand determines the flow of total expenditure.

economics income determination unemployment and employment generation the short run fixed price analysis of the product market liquidity preference and profit

  1. True

  2. False

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Correct Option: A

Saving increases with increase in income.

economics income determination unemployment and employment generation the short run fixed price analysis of the product market liquidity preference and profit

  1. True

  2. False

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Correct Option: A

Changes in level of income and employment can be brought by changing aggregate demand.

economics income determination unemployment and employment generation the short run fixed price analysis of the product market liquidity preference and profit

  1. True

  2. False

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Correct Option: A

In the short run, land, capital, technology remain constant.

economics income determination unemployment and employment generation the short run fixed price analysis of the product market liquidity preference and profit

  1. True

  2. False

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Correct Option: A

Inventory investment refers to investment in fixed capital assets. 

economics income determination unemployment and employment generation the short run fixed price analysis of the product market liquidity preference and profit

  1. True

  2. False

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Correct Option: B

Autonomous consumption can be zero.

economics income determination unemployment and employment generation the short run fixed price analysis of the product market liquidity preference and profit

  1. True

  2. False

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Correct Option: B

Autonomous consumption expenditure cannot be zero.

economics income determination unemployment and employment generation the short run fixed price analysis of the product market liquidity preference and profit

  1. True

  2. False

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Correct Option: A