Correct Answer : Personal Income - Direct taxes paid by households and miscellaneous fees, fines, etc.
Correct Answer : Create employment through public investment even in unproductive activities during depression in the economy
Correct Answer : Morris D. Morris
Correct Answer : All of these
Correct Answer : Purchase and sale of government securities by the RBI
The repo and reverse repo rates are used when RBI purchases or sells the government securities. This route is known as Open Market Operations.
Correct Answer : Emission Trading
Emissions trading (aka. cap and trade) refers to the market-based approach to control pollution by providing economic incentives for reducing the emissions of pollutants.
Correct Answer : The interplay of the forces of demand and supply
Correct Answer : Agrarian economy
Correct Answer : Price taker
Correct Answer : The short run supply curve cannot be defined