Business Economics and Business and Commercial Knowledge - September 2025

Which of the following is an anti-inflationary economy to slow down ? pressure on aggregate demand, causing the (A) Reduction in government spending. (B) Increase in government spending. (C) Decrease in interest rates. (D) Decrease in taxes. 4 The slope of the consumption function represents (A) Average Propensity to Save (APS). (B) Marginal Propensity to Consume (MPC). (C) Marginal Propensity to Save (MPS). (D) Average Propensity to Consume (APC). 5. wno are the economists credited with nioneering National Income Accounting…

Business cycles typically consist of which of the following phases ? (A) Inflation, deflation, stagnation, growth (B) Expansion, peak, contraction,trough (C) Recession, depression, boom, stabilization (D) Peak, decline, recovery, boom Which of the following is tne about the duration and intensity of businesSS cycles ? (A) Business cycles have a fixed duration and intensity. (B) Business cycles exhibit the same duration and intensity across all economies. (C) Business cycles varies in duration and intensity, but they share common features. (D)…

What does Article 275 of the Indian Constitution deal with ? (A) Surcharge on certain duties and taxes for purposes ofthe union. (B) Statutory grants-in-aid from the union to certain states. (C) Grants for any public purpose. (D) Loans for any public purpose.

The advent of mobile phones, which led to a boom in telecom industrV, cycles ? exemplifies which external cause of business (A) Technology Disruptions (C) Technology Regulations following

Which of the business cycle ? trade in a unemployment rate. rate. Rising prices unemployment (A) (B) Falling prices and high confidençe and rising consumer (C) Increasing (D) production. demand wages. (5)

11. Contractionary fiscal policy typically involves : (A) Inereasing government spending and reducing taxes. (B) Reducing government spending and increasing taxes. (C) Increasing government spending and increasing taxesS. (D) Reducing both government spending and taxes.