Directions: In the questions given below, four options have been given. Click on the option which you think is the RIGHT ANSWER to the question.

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1. During periods of inflations, tax rates should

2. Which is the biggest tax paying sector in India?

3. Economics is what it ought to be. This statement refers to

4. The excess of price a person is to pay rather than forego the consumption of the commodity is called

5. A want becomes a demand only when it is backed by the

6. The 'break-even' point is where

7. Rate of interest is determined by

8. The purchase of shares and bonds of Indian companies by Foreign Institutional Investors is called?

9. An individual’s actual standard of living can be assessed by

10. When there is an official change in the exchange rate of domestic currency, then it is called

11. Inflation redistributes income and wealth in favour of

12. The terms "Micro Economics" and "Macro Economics" were coined by


13. National income of a country is based on :

14. Which one of the following is NOT an example of indirect tax?

15. The major aim of devaluation is to -

16. Interest on public debt is a part of -

17. Structural unemployment arises due to -

18. Which of the following is not a necessary condition for the development of India?

19. Personal disposable income is -

20. Which of the following most closely approximates our definition of oligopoly?

21. Indirect tax means -

22. One of the essential conditions of perfect competition is -

23. An essential attribute of Inflation is :