Friday, 28 April 2017


1When was the minimum wages act enacted in India?1948
2India adopted Five Year Plan fromFarmer USSR
3According to measurement, internal return isAnnualized effective effect
4According to unit of measurement, internal return is.A concept of long term production
5Kob- Doglash Production function Q = Aha k(1-a) is dependent upon.Constant interest return
6Rate of internal return should.Inake cost of production and profit equal.
7Increasing internal return meansDecreasing cost
8If on decreasing rate of interest increase in marginal internal return, then total internal return.Increases
9Third situation of low of variable proportion isNegative return
10The excess of the price, person is to pay rather than forego the consumption of the commodity is called.Producer's surplus
11Production function marks relation between.Internal input and production
12Production function signifies.Industrial relation
13Production function shows relation betweenPrimary input and ultimate output
14Group consumption means.H o u s e h o l d consumption
15Marginal Propensity to consume lies between.0 to 1
16When the total product rises at an increasing rate, then theMarginal product is rising
17Economics of scale means reduction inUnit cost of production
18The remuneration of the entrepreneur in production isPure Profit
19Operating Surplus is produced inEnterprise Sector
20In Economics, Production meansCreating utility
21The marginal revenue of monopolist isLess than price
22The 'Break-even' point is whereTotal revenue equals total cost.
23Example of Sales tax is-Indirect tax
24Coorporate tax are imposed by central govt., but used byBoth state & central
25Taxation is an instrument ofFiscal policy
26What is reduced from NNP to get National income. 0 65292Indirect Tax
27Indirect tax by nature areRegressive
28In case of direct tax, impact of tax & incidence of tax.On same person
29Which field gives highest tax-Industrial sector
30If the tax rate increases with the higher level of income it shall be called.Progressive tax
31Who was the chairmen of tenth Finance Commission?K.C. pant
32Who was the chairmen of 13th Finance Commission?Dr. vijay L Kelkar
33VAT was firstly implemented inFrance
34VAT is imposed on 72All level of production and selling
35CENVAT is related withExcise duty
36Fringe Benefit Tax was introduced in budget2005-06
37'Value - added' is equal toOutput Minus the Inputs
38Vijay Kelkar Committee was related toTax reform
39Finance Commission is organized.After every five year
40Excise duty is paid for-Production of a commodity
41If for any product X, total utility from an units is 20 and from 10 unit is 15, then Marginal utility is-5
42In economics, 'utility' and 'Usefulness' words has.Different meaning
43In baseball, the two opposing teams consist of howmany players?9 players each
44Which book is authored by V.S. Naipaul?A House for Mr. Biswas
45In which technology do Cryogenic engines find applications?Rocket technology
46Shovna Narayan is a reputed personality in which field?Classical dance
47Which is the element found on the surface of the moon?Titanium
48'My Music, My Life' is the autobiography of which person?Pt. Ravi Shankar
49Which was the first talkie film of India?Alam Ara
50Krishnadeva Raya wrote a famous work, namely Amuktamalyada, in which language?Telugu

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