31) Deflation is:
(A) Deficit Budget
(B) Reduction in taxation
(C) Increase in public expenditure
(D) Reverse of inflation
32) Among SAARC country has the highest per capita income:
(A) India
(B) Pakistan
(C) Sri Lanka
(D) Maldives
33) The country with the second highest G.N.P is:
(A) France
(B) Germany
(C) Russia
(D) Japan
34) Which one of the following is not a direct tax?
(A) Wealth Tax
(B) Professional Tax
(C) Income Tax
(D) Sales Tax
35) 'Mixed Economy' means:
(A) Co-existence of small scale and large-scale industries
(B) Co-existence of private and public sectors
(C) Assigning equal importance to both agriculture and heavy industries
(D) Co-existence of the rich and the poor
36) National Income is the:
(A) Net National Product at market price
(B) Net National Product at factory cost
(C) Net Domestic Product at market price
(D) Net Domestic Product at factory cost
37) Which of the following is the most important requirement to restrict inflationary pressures in an economy?
(A) An ever-increasing level of productivity
(B) Curbing consumption of goods and services
(C) Increasing supply of consumer goods
(D) Reducing money supply
38) In the context of international trade, the term "dumping" of a good refers to its:
(A) Stockpiling near sale points
(B) Unloading at the port of origin
(C) Unloading at the port of destination
(D) Sale below cost price
39) Which one of the following is NOT a capital market instrument?
(A) Debentures
(B) Shares
(C) Public Sector Bonds
(D) Treasury Bill
40) In the local centre, the exchange rate between two foreign currencies, is known as:
(A) Par value rate
(B) Futures rate
(C) Swap rate
(D) Cross rate