Which of the following is a disadvantage of large scale production?

A. market economies

B. managerial economies

C. personal organization

D. division of labour

The national income off a country can be estimated through the

A. output approach

B. input approach

C. empirical approach

D. census approach

A medium of exchange which is generally acceptable is

A. bater

B. a cheque

C. government bond

D. money

Since money is demanded for what it can buy, the demand is said to be

A. derived

B. joint

C. composite

D. complementary

The supply of money in the economy includes

A. bank notes only

B. bank note and coins

C. bank notes and bank deposits

D. bank notes, coins and bank deposits

A continuous fall in the general price level is called

A. recession

B. depression

C. deflation

D. stagflation

The indicator of the value of money is

A. the general price level

B. the equilibruim price

C. consumer''s income

D. the interest rate

The Central Bank can restrict credit through

A. depreciation of assets

B. granting overdraft

C. direct investment

D. open market operation

Creation of money by commercial bank is done by

A. increasing the cash ratio

B. printing money

C. lending to borrowers

D. issuing cheques

Public finance is basically an analysis of the

A. income and expenditure of government

B. expenditure patterns of the government

C. current and capital receipts of the government

D. current and capital expenditure of the government