Table of Contents
Important One liner of Economics
- Deficit Financing:- Increases money -supply.
- State Bank of India was formerly known as:- Imperial Bank of India.
- SEBI is the acronym of:- Security and Exchange board of India.
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- Sellers market denotes a situation where:- Demands Exceeds Supply.
- Legal tender money refers to:- Currency notes
- The relationship between the value of money and the price level in an economy is:- Inverse.
- Stagflation is a situation of:- Stagnation & Inflation.
- Depreciation is equal to :- Gross National Products- Net national Products.
- Sales Tax is an example of:- Indirect Tax.
- Removing barriers a restrictions set by the govt is:- Liberalization.
- In which type of economy national income and domestic income is equal:- Closed Economy.
- The term capital consumption allowance means:- Depreciation value of capital goods.
- New economy policy was introduced in india in 24 July 1991 by:- Dr manmohan singh.
- The best example of capital intensive industry in India is:- Steel industry.
- India’s Balance of payments can be corrected through:- Devaluation of currency various expert promotion and import substitution.
- Golden Handshake scheme is associated with:- Voluntary retirement.
- Inflation redistribution income and weak in favor of:- middle class.
- The fringe benefit tax was introduced in the budget of :- 2005-2006
- The simultaneous existence of high rate of inflation and high rate of unemployment
- Is called:- Stagflation.
- Less economic growth:- Stagnation ( Unemployment)
- Decrease of price of goods:- Deflation.
- Hard currency:- Which is paid in lieu of debt.
- Wind fall gains means:- Sudden rise in price.
- Inequalities in the distribution of income is measured by:- Lorentz Curve.
- Demand for complementary goods is known as:- Joint Demand.
- Gross domestic product is the monetary value of:- All final goods and service produced in a year.
- Which of the following market structures has a kinked demand curve:- Monopoly.
- Which is not a canon of taxation according to Adam Smith:- Canon of certainty.
- Defective demand depends on:- Supply Price.
- The degree of monopoly power is to be measured in terms of the firms:- Super normal profit.
- Who propounded the innovation theory of profit:- J.A Schumpeter.
- The exchange of commodities between two countries is referred as :- Bilateral Trade.
- The term “Micro economic” and Macro Economic were coined by:- J.M.Keynes ( modern Economist).
- During period of inflation tax should be:- Increased.
- “Economic” is what it ought to be” this statement refers to :-“ Monetary Economics”
- The excess of price a price a person is to pay rather than forego the consumption of the commodity is called:- Consumer’s surplus.
- Professor Amartya sen was awarded Nobel Prize for his contribution to the field of :- Welfare Economic.
- The process of curing inflation by reducing money supply is called:- Disinflation
- Removing barriers or restriction set by the Govt is known as :- Liberalization.
- Which one of the following is the effective remedy to the evils of sub division and fragmentation:- Land Consolidation.
- Demand Curve of a curve of a firm under perfect competition is:- Horizontal to X-axis.
- When Income increase consumption also increase:- In a lower proportion.
- The difference inn te value of visible exports and visible imports is called:- Balance of trade.
- The liquidity preference theory of interest was propounded by:- J.M.Keynes.
- Which cost is related to marginal cost:- Variable cost.
- The business in stock markets and other securities markets is regulated by:- Securities and exchange board of India (SEBI
- Important Days in a Calander year
- Important One Liner of Indian National Movement
- Important One liner of Pol- Science
- Important one liner of Geography
- Important One liner of Economics
- Some important one-liner of Science with explanation.