Which of the following statements about Central Bank is incorrect?

Central bank regulates currency in accordance with the requirements of business and the general public
Central banks performs general banking and agency service for the state
Central bank generally deals with the public and tries to encourage saving habits among people
None of the above.

Which of the following statement is incorrect ?

Indian tax structure relies on a very narrow population base
Direct taxes are differential, indirect taxes are progressive in nature
The ratio of Direct taxes to indirect taxes which was 40:60 in 1951 declined to 20:80 in 1991
The total tax revenue is highly insufficient to meet the expenditure requirement of the economy

If a point on a demand curve of any commodity lies on X Axis then price elasticity of demand of that commodity at that point will be : __________

When indifference curve is L shaped then two goods will be:

W.T.O. was established on:

Monetary policy means:

Broad Money refers to:

Which of the following steps relates only to deductive method in Economics?

Which of the following falls under Micro Economics ?

Find the correct match of the following:

Economics is a science of wealth – Alfred Marshall
“The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with measuring Rod of money”. – Hicks.
“Economics is the Science which studies human behaviour as a relationship between ends and scares means which have alternative uses.” – Robbins
Economics as a Science of Dynamic Growth and Development. – A.C. Pigou

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