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ECONOMICS SET-II 131) Macroeconomics assumes that in the economy 1) Total employment remains constant 2) Total income remains constant 3) General price level remains constant 4) Relative prices remain constant 132) If two goods are complementary goods, then the shape of indifference curve 1) Vertical straight line 2) Right Angled shape 3) Concave to the origin 4) Convex to the origin 133) Which of the following is not ‘U’ shaped curve in the theory of cost? 1) Average cost curve 2) Average variable cost curve 3) Average fixed cost curve 4) Marginal cost curve 134) The Kinked Demand curve analysis is associated with 1) J.R. Hicks 2) Alfred Marshall 3) Schumpeter 4) Paul M Sweezy 135) According to the liquidity preference theory, rate of interest is a function of demand for and supply of 1) Saving 2) Loanable funds 3) Money 4) Investment 136) “An economy will always be at full employment level” is the opinion of 1) Classical Economists 2) Keynesian Economists 3) Post Keynesian 4) New classical economists 137) Which of the following determines the values of Accelerator coefficient? 1) Input – output ratio 2) Capital – Labour ratio 3) Labour – capital ratio 4) Capital – output ratio 138) Board money is also known as 1) M1 2) M2 3) M3 4) M4 139) If cash reserve ratio is 20%, the banking system can credit to an extent of ___ times the value of original deposits 1) 20 2) 10 3) 5 4) 4 140) The cash balance equation M=PKT is given by 1) A.C. PIgou 2) D.H. Robertson 3) Alfred Marshall 4) J.M. Keynse 141) According to Harrod–Domar Model, if the capital output ratio is 3, what should be the saving ratio to achieve 5% growth rate? 1) 10% 2) 12% 3) 15% 4) 18% 142) “Sustainable Development” takes into account the needs of 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 143) The percentage of area under forests in India is 1) 23% 2) 30% 3) 33% 4) 35% 144) MGNREGA was introduced in the year 1) 2004 2) 2005 3) 2006 4) 2009 145) The concept of “Inclusive Growth” was first introduced in the 1) XII plan 2) XI Plan 3) X Plan 4) IX plan 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% 2) 10.96% 3) 5.86% 4) 8.36% 147) In Andhra Pradesh, the growth rate of GSDP at constant (2011-12) prices for the year 2015-16 is 1) 7.3% 2) 8.5% 3) 9.3% 4) 10.5% 148) Which is the correct ascending order of the Economics sectors of Andhra Pradesh based on their growth rate during 2015-16? 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 1) Central Loans 2) Market Loans 3) Small savings 4) Provident Funds 150) The district which has the highest number of SEZs in Andhra Pradesh is 2) SPS Nellore 1) Chittor 3) YSR Kadapa 4) Visakhapatnam