1. J. M. Keynes
2. Leon Walras
3. David Ricardo
4. Adam Smith
Option “B” is correct French economist Leon Walras in his pioneering work Elements of Pure Economics in 1874 gave General Equilibrium theory. It attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium.
62. What is the accepted average Calorie requirement for rural area in India?
1. 2100
2. 2200
3. 2300
4. 2400
Option “D” is correct The nutritional requirement recommends a national norm of 2,400 kilo calories a day for rural areas and 2,100 calories a day for urban areas, the difference being attributed to the lower rate of physical activity in urban areas.
63. In which of the following States India’s first Green Rail Corridor was launched in –
1. Karnataka
2. Maharashtra
3. Himachal Pradesh
4. Tamil Nadu
Option “D” is correct The India’s first Green Rail Corridor was inaugurated on the 114-km long Rameswaram-Manamadurai stretch in Tamil Nadu.
64. Which place is said to be the Manchester of South India?
1. Coimbatore
2. Salem
3. Thanjavur
4. Madurai
Option “A” is correct Coimbatore is referred to as the “Manchester of South India” due to its cotton production and textile industries.
65. ‘Residex’ is associated with :
1. Share prices
2. Price inflation
3. Mutual fund prices
4. Land prices
Option “D” is correct The RESIDEX was first launched in 2007 by the National Housing Bank (NHB) to provide an index of residential prices in India across cities and over time. So, it is associated with land prices.
66. Money market is a market for ____________.
1. Short term fund
2. Long term fund
3. Negotiable instruments
4. Sale of shares
Option “A” is correct The money market became a component of the financial markets for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less. Thus, it is a market for Short term fund.
67. Which among the following sponsors Regional Rural Banks (RRB’S)?
1. Reserve Bank of India
2. Foreign Banks
3. National Commercial Banks
4. Co-Operative Banks
Option “C” is correct Regional Rural Banks are sponsored by Nationalized Commercial banks.
68. The market structure called monopoly exists where there is exactly ______ seller in any market.
1. One
2. Two
3. Five
4. Ten
Option “A” is correct A market structure characterized by a single (one)seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.
69. At which rate, Reserve Bank of India borrows money from commercial banks?
Option “C” is correct Reverse Repo rate is the rate at which RBI borrows money from the commercial banks.It is a monetary policy instrument which can be used to control the money supply in the country.
70. Movement along the supply curve is known as ______ .
1. Contraction of supply
2. Expansion of supply
3. Increase in supply
4. Expansion and contraction of supply
Option “D” is correct A movement along the supply curve will occur when the price of the good changes and the quantity supplied changes in accordance to the original supply relationship. In other words, a movement alongs the supply curve is known as Expansion and Contraction of supply.
