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  • 1. ‘Residex’ is associated with: 
    A. Share prices B. Price inflation
    C. Mutual fund prices D. Land prices
    Ans
    D
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    CGLTier 1 2016

  • 2.
    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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    CGLTier 1 2013

  • 3. “Functional Finance” is associated with:
    A. Adolph Wogner B. Adam Smith
    C. Adams D. Abbad ‘P’ Lerner
    Ans
    D
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    CGLTier 1 2013

  • 4.
    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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    CGLTier 1 2013

  • 5.
    Bilateral monopoly refers to the market situation of
    A. two sellers, two buyers B. one seller and two buyers
    C. two sellers and one buyer D. one seller and one buyer
    Ans
    D
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    mainly asked in :
    CGLTier 1 2013