Discussion
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- Question
In 2015, the nominal rate of interest in a country was 5.5% and the inflation rate then was 2.5%. So real rate of interest in 2015 was _________.
Options- A. 8 percent
- B. 2.2 percent
- C. 13.75 percent
- D. 3 percent
- Correct Answer
- 3 percent
- 1. What does the term 'Call Money' refer to?
Options- A. A loan made for a very short period of a few days or aweek
- B. Student loans to help cover the cost of highereducation
- C. Loans to allow consumers to buy homes they can'tpay for upfront
- D. Personal loans for any personal expenses which don'thave a designated purpose Discuss
- 2. Which of the following is not a primary function of a bank?
Options- A. Facilitating import of goods
- B. Remittance facility
- C. Safe custody of articles
- D. Foreign Exchange Discuss
- 3. Most electric, gas, and water companies are examples of
Options- A. restricted-input monopolies
- B. sunk-cost monopolies
- C. natural monopolies
- D. unregulated monopolies Discuss
- 4. A favorable cost variance occurs when
Options- A. actual incurred cost is less than the standard cost
- B. actual incurred cost is greater than the standard cost
- C. actual incurred cost is equal to the standard cost
- D. None of the above Discuss
- 5. Government imposes taxes to
Options- A. Check accumulation of wealth among the rich
- B. Run the machinery of the state
- C. Uplift weaker sections
- D. All of the above Discuss
- 6. India has stated it aims to reduce the emissions intensity of its GDP by 33-35% by 2030 from 2005 levels and achieve _______________ of its cumulative electric power of around 350GW installed capacity from non-fossil fuel-based energy resources, mainly renewable power.
Options- A. 20%
- B. 40%
- C. 50%
- D. 30% Discuss
- 7. An increase in price of which of these products will have a ripple effect in increasing the prices of many products, thereby resulting in inflation?
Options- A. Petroleum
- B. Medicines
- C. Smartphones
- D. Automobiles Discuss
- 8. If price of an article decreases from Rs. 12 to Rs. 10, quantity demanded increases from 1000 units to 1400 units. Find point elasticity of demand?
Options- A. 2.4
- B. -2
- C. -2.4
- D. 2 Discuss
- 9. What will you call a system of taxation under which the poorer sections are taxed at higher rates than the richer sections?
Options- A. Progressive tax
- B. Proportional tax
- C. Regressive tax
- D. Degressive tax Discuss
- 10. Trickle down theory ignores the impact of economic growth on
Options- A. Investment
- B. Savings
- C. Income distribution
- D. consumption Discuss
Indian Economy problems
Search Results
Correct Answer: A loan made for a very short period of a few days or aweek
Correct Answer: Facilitating import of goods
Correct Answer: natural monopolies
Explanation:
Most electric, gas, and water companies are examples of natural monopolies. Utilities like water, electricity and gas are essential services that play a vital role in economic and social development.
Correct Answer: actual incurred cost is less than the standard cost
Explanation:
Cost variance is nothing but the difference between the actual incurred cost and the estimated standard cost. This can be occured due to any changes in the volume of goods or services ordered.
A favorable cost variance occurs when the actual incurred cost is less than the standard cost estimated before the production.
Correct Answer: Run the machinery of the state
Explanation:
Government imposes taxes to run the machinery of the state. Taxes serve as the main source of income for the government revenue.
Correct Answer: 40%
Explanation:
India has said it aims to reduce the emissions intensity of its GDP by 33-35% by 2030 from 2005 levels and achieve 40% of its cumulative electric power of around 350GW installed capacity from non-fossil fuelbased energy resources, mainly renewable power. The statement comes ahead of the UN Framework Convention on Climate Change (UNFCCC) to be held in Paris in December 2015, where countries would try to forge a new global climate agreement based on ?climate justice" and principles of equity and common but differentiated responsibilities and respective capabilities.
Correct Answer: Petroleum
Correct Answer: -2.4
Correct Answer: Regressive tax
Correct Answer: Income distribution
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