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  • 1.
    What is the present wage limit to be eligible to be covered under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952?
    A. Rs. 6,000 B. Rs. 6,500
    C. Rs. 15,000 D. Rs. 12,500
    E. None of these
    Ans
    C
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  • 2. ‘Residex’ is associated with: 
    A. Share prices B. Price inflation
    C. Mutual fund prices D. Land prices
    Ans
    D
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  • 3.
    Diamonds are priced higher than water because:
    A. they are sold by selected firms with monopolistic powers.
    B. their marginal utility to buyers is higher than that of water.
    C. their total utility to buyers is higher than that of water.
    D. consumers do not buy them at lower prices.
    Ans
    B
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  • 4. “Functional Finance” is associated with:
    A. Adolph Wogner B. Adam Smith
    C. Adams D. Abbad ‘P’ Lerner
    Ans
    D
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  • 5.
    Externality theory is the basic theory of the following branch of Economics:
    A. Environomics B. Fiscal Economics
    C. International Economics D. Macro Economics
    Ans
    A
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