11)

Which of the following is a situation of the very low rate of interest in the economy where every economic agent expects the interest rate to rise in future and consequently bond prices to fall, causing capital loss?

SSC CPO 2020

A)

Revenue deficit

B)

Parametric shift

C)

Paradox of thrift

D)

Liquidity trap

12)

‘An Enquiry into the Nature and Cause of the Wealth of Nations’ is an influential work by economist ______.

SSC CPO 2020

A)

Adam Smith

B)

Millicent Fawcett

C)

Alfred Marshall

D)

John Maynard Keynes