481. Banking, retailing, transportation fall under:
A) Primary industry
B) Secondary industry
C) Tertiary industry
D) Semi-retailing industry
482. When did the Euro become a legal tender?
A) 1st Dec 1999
B) 1st Jan 2000
C) 1st Jan 2001
D) 1st Jan 2002
483. Stagflation implies a case of:
A) Galloping inflation
B) Recession plus inflation
C) Adverse balance of trade
D) Rising wages and employment
484. Which of the following would cause income to become more unequal:
A) Increased employment
B) Increased unemployment
C) More progressive taxes
D) More regressive taxes
485. At the point when total stock surpasses total interest:
A) Business inventory accumulated
B) Unemployment exists
C) Price of consumer goods rises
D) People save more than they intend to save
486. An economy is in equilibrium when:
A) Planned consumption exceeds planned saving
B) Planned consumption exceeds planned investment
C) Intended investment equals intended saving
D) Intended investment exceeds intended saving
487. Where a registered person fails to produce the record on receipt of the 3rd notice in non-compliance with section 25, such a person shall pay a penalty of:
(A) Rs. 5,000/-
(B) Rs. 10,000/-
C) Rs. 50,000/-
(D) Rs. 30,000/-
488. When income elasticity of demand is greater than one, then the good is:
A) Luxury
B) Necessity
C) Inferior good
D) Poor quality necessity
489. When cross elasticity of demand is zero, then two goods are:
A) Compliments
B) Substitutes
C) Not related
D) Perfect compliments
490. The absolute value of the coefficient of elasticity of demand ranges from:
A) Minus infinity to Plus infinity
B) Zero to infinity
C) One to infinity
D) All of the above
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