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This set of Micro economics 2 Multiple Choice Questions & Answers (MCQs) focuses on Micro Economics 2 Set 12

Q1 | Open market operations refer to the sale and purchase by the RBI of :
Q2 | Which of the following is not an objective of monetary policy?
Q3 | Which of the following is not an element of high Powered money?
Q4 | The ratio of money supply to high powered money is:
Q5 | Fiscal Policy is a policy of the
Q6 | Fiscal Policy includes:
Q7 | The objective of Monetary Policy is :
Q8 | Fiscal Policy refers to policy towards:
Q9 | In a closed economy which of the following is not a macroeconomic objective?
Q10 | A business cycle is composed of ----- phases:
Q11 | The percentage of deposits of commercial banks statutorily kept with the RBI is :
Q12 | Peak is the --- turning point of the business cycle.
Q13 | Wage control is an instrument of ---- policy
Q14 | The trough of a business cycle occurs when hits its lowest point.
Q15 | The lowest point in the business cycle is referred to as the:
Q16 | When aggregate economic activity is increasing, the economy is said to be in:
Q17 | When aggregate economic activity is declining, the economy is said to be in:
Q18 | Economists use the term shocks to mean:
Q19 | Wars, new inventions, harvest failures, and changes in government policy are examplesof:
Q20 | Peaks and troughs of the business cycle are known collectively as:
Q21 | ISLM model was basically…………sector model:
Q22 | Original IS-LM model is a ……..model.
Q23 | ISLM is used to determine:
Q24 | The steepness of the IS curve depends on:
Q25 | Who develop the ISLM open economy model?