Question 2 :
&#34;During the period of boom when aggregate demand, national income and prices are high, entrepreneurs tend to make high profits.&#34;<br/>This statement implies _______.

Question 7 :
The credit for the development of microeconomics approach goes to __________.

Question 8 :
The Theory of Economic Drain from India to England was propounded by ____________.

Question 9 :
____________ economic analysis, generally ignores the effects of &#34;intervention policy&#34; of the Government.

Question 11 :
The activities undertaken to make goods and services are called ___ activities.

Question 12 :
Which of the following statements is not true about positive statements<span>?</span>

Question 14 :
Ram: My corn harvest this year is poor.<br/>Lakshman: Don't worry. Price increases will compensate for the fall in quantity supplied.<br/>Krishna: Climate affects crop yields. Some years are bad, others are good.<br/>Balram: The Government ought to guarantee that our Income will not fall.<br/>In this conversation, the normative statement is made by ____________.<br/>

Question 16 :
A real value can be derived from a nominal value by _______.

Question 18 :
<span>Which&nbsp;of the following deals with things as they ought to be?</span>

Question 19 :
Micro and Macro Economics were coined by ________during the twenties, and since then they&nbsp;are frequently used by economists for economic analysis.

Question 23 :
The goods produced by changing the form of raw materials are called _______ goods.

Question 24 :
Which of the following is an example of a normative statement?

Question 26 :
&#34;Economics is what it ought to be&#34;, This statement refers to which of the following terms in economics?

Question 28 :
The term micro and macro economics were first used by ________.

Question 30 :
Which among the following describes the major difference between micro economics and macro economics?

Question 32 :
<p>Indiscriminate exploitation of resources has led to global ecological crisis such as ______________.</p>

Question 33 :
Consider the following statements about the idea of 'micro-finance' in India and select the correct ones using the code give below:<br>1. Micro-finance is a small-scale financial intermediation, inclusive of savings, credit, insurance, business services and technical support provided to the needy borrower.<br>2. The thrust of the micro finance initiative is to channelize production and consumption credit in multiple does based on the absorption capacity of the prospective borrower.<br>3. It has evolved through following different models at different times - a 'charity based model' to a 'third-based model' and finally to the 'trust and creditworthiness model'.<br>4. It was in Australia where evolved the link between microfinance institutions and the formal financial institutions.

Question 36 :
Micro and macro are not two independent approaches to economic analysis but they are complimentary to each other.

Question 38 :
Which kind of economics explains the phenomenon of cause and effect relationship?

Question 39 :
The economy where the market forces are not allowed to work and where state regulate the economy is called _____________

Question 41 :
Economic presence of the government in social realm is found under __________________.

Question 44 :
<p>Under which of the following types of resources can tidal energy be put?</p>

Question 47 :
Which of these is correct, if economics is considered as a positive science?

Question 50 :
Select the incorrect statement/statements about the 'misery index' using the code given.<br>$1$. This is an index of economic misery in an economy.<br>$2$. This is sum of the rate of inflation and unemployment for an economy at particular points of time.<br>$3$. Lower is the value, lower the misery is.<br>