The marginal farmer in India is defined as a cultivator who :

Does not own any land
Workers on a land holding of less than one hectare
Works on a land holding for wages
Keeps shifting between agriculture and non-agriculture jobs

The task of national income estimation to India is entrusted to the

Indian Statistical Institute
National Sample Survey Organization
Central Statistical organization
National Accounts Organization

Human Development Index (HDI) is a composite index of :

Health, literacy and employment
National income, size of population and general price level
National income, per capita income and per capita consumption
Physical resources, monetary resources and population size

________ depicts complete picture of consumer’s tastes and preferences

Budget line
Average cost curve
Indifference map
Marginal revenue curve

A Government budget is defined as:

A description of the fiscal policies of the government and the financial plans
A financial plan describing estimated receipts and proposed expenditures and Disbursement under various heads
Neither of the above
Both (a) and (b) above

Budgetary deficit can be expressed as:

The excess of pubic expenditure over public revenue
The sum of deficit on revenue account and deficit on capital account
That portion of government expenditure which is financed through the sale of 91 days Treasury Bills and drawing down of cash balances
All of the above

The main objective of fiscal policy in developing countries is to :
(1) Promote economic growth
(2) Mobilise resources for economic growth
(3) Ensure economic growth and distribution
(4) Increase employment opportunities

only 1 and 2 are correct
only 2 and 3 are correct
only 2 and 4 are correct
1, 2, 3 and 4 are correct

Which of the following is an example of perfect competition?

Market for agricultural goods
Market for soaps
Market for petroleum products
Market for clothes

The incidence of taxes refers to :

The level and rate of taxation
Who ultimately bears the money burden of the tax
The growth of taxation
The way in which a tax is collected

The indifference curve approach does not assume :

Rationality on the parts of consumers
Ordinal measurement of satisfaction
Consistent consumption pattern behaviour of consumers
Cardinal measurement of utility

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