01. |
Formalized system of trading agreement with group of countries is known as ? |
02. |
Income that is saved and not invested in known as ? |
03. |
Monopoly refer to a market structure where ? |
04. |
The absence of interference by the Govt. in the economic affairs is termed as ? |
05. |
The condition called, Market dominated by a small number of sellers ? |
06. |
The full form of PPP in financial world ? |
07. |
The GATT was replaced by WTO on ? |
08. |
The measure of the total flow of goods and service produced by the country over a year is called ? |
09. |
The price of a commodity is determined by its ? |
10. |
The rate of exchange between two currencies is calculated in terms of a 3rd currency is known as ? |
11. |
The stock markets all over the world plunged in a unprecedented scale on ? |
12. |
Utility is the measure of ? |
13. |
What does disguised unemployment mean ? |
14. |
Who is known as the “Doyen of Economics” ? |
15. |
Who was known as the father of Modern Economics ? |
Answer
| 01. | Trading Blocks | 09. | Demand |
| 02. | Hoarding | 10. | Cross currency |
| 03. | Production is controlled by one firm |
11. | 1997 October 28 |
| 04. | Laissez Fair | 12. | Want satisfying power |
| 05. | Oligopoly | 13. | Workers who are not willing to work |
| 06. | Purchasing Power Parity | 14. | Alfred Marshal |
| 07. | 1995 January 1 | 15. | Adam Smith |
| 08. | Gross Domestic Products (GDP) | ||
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