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Social science Test series 1 • Test Series-1 Social Science ICAR-JRF Test series 2 • Test Series-2 : Social Science for IC... 1. A production function with elasticity of production equal to one, indicates 2. The total value of the goods and services produced in a country, plus the value of imported goods less the value of exports is called as 3. Official gathering of information about the population in a particular area is known as 4. A policy of increasing the exports of the country at the expense of those of other countries is called as 5.The scientist who had first christened the theory which explains the regularly recurring cycles observed in the production and prices of some agricultural commodities as 'Cobweb theorem' is 6. Which one of the following refers to 'system of farming? 7. Inflation is measured by 8. A period of rapid expansion in business activity, resulting in high stock and commodity price is called as 9. Internal economy refers to 10. The changes through time in the price level of consumer goods and services purchased by households can be measured by 11. The chief function of regulated market is to 12. The person who is related to Directorate of Revenue Intelligence in India is 13. A period of rapid expansion in business activity, resulting in high stock and commodity prices, higher profits and low unemployment is termed as 14. Tangible benefit of project is 15. Hidden unemployment is also known as 16. The term which explains that "wants are increasingly created by the process by which they are satisfied” is known as 17. The term which is used to describe a period of heavy unemployment and stagnation of business activity is 18. A subsidy paid by the government to the exporters of certain products to enable them to be sold more cheaply abroad, thereby stimulating the exports of such products is known as 19. The change in output arising from using an additional unit of input is known as 20. The marginal net benefits divided by the marginal cost is known as 21. When the demand curve is relatively flatter then demand is 22. Economic return from the last unit of an input/ nutrient added is known as 23. In case of amortized even repayment plan, the interest rate. 24. A constant capital -labour ratio in neutral technic change is given by 25. The change in the value of output resulting from the use of an additional unit of input is known 26. The sum of the annual expired cost of a depreciable asset from the date of acquisition to the reporting date is known as 27. Money is 'anything which is widely acceptable in discharge of obligations' is given by 28. The sum of production cost and marketing cost is equal 29. The market value of the output of an activity over some accounting period (usually a year), whether that output is sold or not is known as 30. The branch of economic theory which deals with individual incomes, individual wages, individual prices and individual saving is known as 31. The economy in which several small and independent producers compete against each other in every industry is know as 32. Property that is pledged to secure a loan is 33.Capital-output ratio' is also known as 34. The moto of land reforms is to give the land to 35. The application of mathematics and statistical methods for the analysis of economic data is called 36. The amount that producers benefit by selling at a market price that is higher than they would be willing to sell for is called as 37. The total coat divided by the number of units produced by the firm is known as 38. Elasticity cannot be explained by 39. A programme of co-ordinated growth of all sectors of the economy is referred to as 40. A production function with unitary elasticity indicates 41. The concept of 'Consumers sovereignty' was given by 42. Giffen goods' refer to 43.A line on a graph covering all possible choices between the two commodities for a person with a given amount of money to spend is known as 44. Persistent decrease in general price level 45.The continual circular movement of money and commodities in the economy is called as