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ECONOMICS
SET-II
131) Macroeconomics assumes that in the economy
1) Total employment remains constant
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2) Total income remains constant
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3) General price level remains constant
4) Relative prices remain constant
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132) If two goods are complementary goods, then the shape of
indifference curve
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1) Vertical straight line 
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2) Right Angled shape
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3) Concave to the origin
4) Convex to the origin
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133) Which of the following is not ‘U’ shaped curve in the theory of cost?
1) Average cost curve
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2) Average variable cost curve
3) Average fixed cost curve
4) Marginal cost curve
134) The Kinked Demand curve analysis is associated with
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1) J.R. Hicks
2) Alfred Marshall
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3) Schumpeter
4) Paul M Sweezy
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135) According to the liquidity preference theory, rate of interest is a function
of demand for and supply of
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1) Saving
2) Loanable funds
3) Money
4) Investment
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136) “An economy will always be at full employment level” is the opinion of
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1) Classical Economists
2) Keynesian Economists
3) Post Keynesian
4) New classical economists
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137) Which of the following determines the values of Accelerator coefficient?
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1) Input – output ratio
2) Capital – Labour ratio
3) Labour – capital ratio
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4) Capital – output ratio
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138) Board money is also known as
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1) M1
2) M2
3) M3
4) M4
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139) If cash reserve ratio is 20%, the banking system can credit to an extent of
___ times the value of original deposits
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1) 20
2) 10
3) 5
4) 4
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140) The cash balance equation M=PKT is given by
1) A.C. PIgou
2) D.H. Robertson
3) Alfred Marshall
4) J.M. Keynse
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141) According to Harrod–Domar Model, if the capital output ratio is 3, what
should be the saving ratio to achieve 5% growth rate?
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1) 10%
2) 12%
3) 15%
4) 18%
142) “Sustainable Development” takes into account the needs of
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1) Present generation
2) Future Generation
3) Present generation without compromising the
needs of future generation
4) Future generation without compromising the needs
of present generation
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143) The percentage of area under forests in India is
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1) 23%
2) 30%
3) 33%
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4) 35%
144) MGNREGA was introduced in the year
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1) 2004
2) 2005
3) 2006
4) 2009
145) The concept of “Inclusive Growth” was first introduced in the
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1) XII plan
2) XI Plan
3) X Plan
4) IX plan
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146) As per the Tendulkar committee report, the proportion of people below
the poverty line in Andhra Pradesh during 2011-12 is
1) 9.20%
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2) 10.96%
3) 5.86%
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4) 8.36%
147) In Andhra Pradesh, the growth rate of GSDP at constant (2011-12) prices
for the year 2015-16 is
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1) 7.3%
2) 8.5%
3) 9.3%
4) 10.5%
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148) Which is the correct ascending order of the Economics sectors of Andhra
Pradesh based on their growth rate during 2015-16?
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1) Agriculture,
Industry,
Services
2) Industry,
Agriculture, Services
3) Services,
Agriculture, Industry
4) Services,
Industry,
Agriculture
149) As per 2016-17 Budget, the largest source of public debt in
Andhra Pradesh is
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1) Central Loans
2) Market Loans
3) Small savings
4) Provident Funds
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150) The district which has the highest number of SEZs in Andhra Pradesh is
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2) SPS Nellore
1) Chittor
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  3) YSR Kadapa
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4) Visakhapatnam