71. Surplus Budget is recommended during the period of?

A. Boom

B. Depression

C. War

D. Famine

Click for Answer/Explanation

Correct Answer is B

72. Human Development Index was developed by?

A. Mahbub-ul-Haq

B. Amartya Sen

C. Montek Singh

D. Friedmann

Click for Answer/Explanation

Correct Answer is A

73. Interest in public debt is a part of?

A. transfer payments by the enterprises

B. transfer payments by the Govt.

C. Interest payments by households

D. National Income

Click for Answer/Explanation

Correct Answer is B

74. The addition to total cost by producing an additional unit of output by a firm is called?

A. Average Cost

B. Variable Cost

C. Marginal Cost

D. Opportunity Cost

Click for Answer/Explanation

Correct Answer is C

75. Micro-economics is also called?

A. Income theory

B. Price theory

C. Expenditure theory

D. Investment theory

Click for Answer/Explanation

Correct Answer is B

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