1.) Ad valorem duties are levied on:

Select one:

a.Weight

b.Utilities

c.Value

d.Length

2.) When supply grows less than aggregate demand, it leads to

Select one:

a.Cost-push inflation

b.Deflation

c.Expansion

d.Demand- pull inflation

3.) Statement A:Phillips curve is negatively sloping. Statement B:Phillips curve shows the relationship between rate of inflation and rate of employment

Select one:

a.Neither of the statements are correct

b.Statement A is correct

c.Statement B is correct

d.Both the statements are correct

4.) If renminbi has undergone devaluation. The devaluation of renminbi may not have which of the following impacts:

Select one:

a.Reduction in China's imports from Europe.

b.Promotion of China's imports from India.

c.Promotion of China's exports to Africa.

d.Promotion of China's exports to India.

5.) Suppose the rate of inflation is 2% and the real interest rate is 5%. Then the nominal interest rate will be

Select one:

a.3.0%

b.7.0%

c.-3.0%

d.2.5%

6.) Under a floating exchange-rate system, if there is an increase in India's exports and decrease in imports, the value of Rupee will:

Select one:

a.Be officially revalued

b.Be officially devalued

c.Appreciate

d.Depreciate