Q. 10 In the study of man-environment interaction, the statement of Miss Semple that “the humans are solely the product of their environment” , is :

1. The demand curve for a product will shift outwards to the right when:
(a) The price of a substitute good rise
(b) Consumer income fall (c ) Consumer expect the price of the good fall in the future. (d) The price of the product itself fall

2. If the demand for good is relatively price inelastic and its price rises,
the revenue will:
(a) Fall (b) Remain constant (c) Rise (d) Depends on how supply responds

3. Which of the following option is not an example of ‘market failure’?
(a) Failure to produce merit goods
(b) Failure to produce public goods (c ) Failure of a firm to maximize its profits (d) Failure to account externalities

4. Which of the following is an example of a Primary form of Business
activity?
(a) Hair dressing (b) Automobile production (c ) Banking (d) Forestry

5.The price of goods will tend to rise if:
(a) The current price is above equilibrium
(b) The current price is below equilibrium (c ) The quantity demanded is less than quantity supplied (d) There is a reduction in the cost of a substitute commodity

6. Productivity is measured by:
(a)The growth on Output of a firm
(b) The growth on Profit of a firm (c ) Total output/Total input (d) Total amount of investments in capital goods

7. The main objectives of macroeconomic policy is:
(a) A high and stable level of employment
(b) A low and stable rate of inflation (c ) A stable and satisfactory rate of economic growth (d) All of the above

8. Who was first argued that the purpose of business was to make profit?
(a) Milton fried man
(b) Margarathcher (c ) Elaine stembnerg (d) John Crane

9. What does the PPP or P3 initiative refer to?
(a) Public policy papers
(b) Public Private Partnership (c ) Private Procurement Production (d) Personal Production Proposal

10. What does the PFI initiative refer to ?
(a) Private Finance Initiative
(b) Private Fiscal Initiative (c ) Public Financial Initiative (d ) Private Foundation Investment.

Q. 1 The maximum loss of forest lands in India is caused by :

Q. 2 In which year the University Grants Commission was established ?

Q. 3 Another name of Basic Education or Nai Talim is :

Q. 4 The idea of ‘Democratic Decentralisation’ in India was
popularised by :

Q. 5 In India, a political party is recognised as a National or
Regional Party by the :

Q. 6 Which of the following factor/s is/are responsible for the increase of the role of Government in Developing Countries? (a) Economic Planning (b) Rising expectation of people (c) Privatisation (d) Emergence of the concept of Welfare State

Q. 7 Team teaching has the potential to develop:

Q. 8 Which of the following is the most important characteristic
of Open Book Examination system?