76. GNP – Depreciation Allowance?

A. Per Capita Income

B. Net National Income

C. Personal Income

D. GDP

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Correct Answer is B

77. What does Barter transaction mean?

A. Goods are exchanged with Gold

B. Coins are exchanged for Goods

C. Goods are exchanged with Goods

D. Money act as a medium of exchange

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Correct Answer is C

78. J. B. Say’s Law of Market was not accepted by?

A. Marshall

B. Adam Smith

C. Malthus

D. Ricardo

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Correct Answer is A

79. Prof. Milton Fridman was the leader of?

A. Ohio School

B. Chicago School

C. London School

D. Cambridge School

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Correct Answer is B

80. Identify the one that is not related to the Agriculture Price Policy?

A. Buffer Stock

B. Support Prices

C. Licensing

D. Imports

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Correct Answer is C

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