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- Question
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
- Correct Answer
- -2.4
- 1. 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
- 2. 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
- 3. 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 Discuss
- 4. 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
- 5. 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
- 6. 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
- 7. Trickle down theory ignores the impact of economic growth on
Options- A. Investment
- B. Savings
- C. Income distribution
- D. consumption Discuss
- 8. What is a bank rate?
Options- A. Rate at which Central bank of a country advances loans to other banks in the country
- B. Rate at which banks advance loans to the customers
- C. Rate at which banks lend among themselves
- D. Rate at which banks lend to money lenders Discuss
- 9. Which of the following tax systems will help to reduce economic inequalities in India?
Options- A. Regressive Tax
- B. Progressive Tax
- C. Flat rate tax
- D. None of these Discuss
- 10. Consider the following statements: 1. Inflation in India continued to be moderate during 2017-18 2. There was significant reduction in food inflation, particularly pulses and vegetables during the period. Which of the statements given above is/are correct?
Options- A. 1 only
- B. 2 only
- C. Both 1 and 2
- D. Neither 1 nor 2 Discuss
Indian Economy problems
Search Results
Correct Answer: Petroleum
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: 3 percent
Correct Answer: A loan made for a very short period of a few days or aweek
Correct Answer: Facilitating import of goods
Correct Answer: Regressive tax
Correct Answer: Income distribution
Correct Answer: Rate at which Central bank of a country advances loans to other banks in the country
Correct Answer: Progressive Tax
Correct Answer: Both 1 and 2
Explanation:
According to the Survey, inflation in the country continued to moderate during 2017-18 with the CPI based headline inflation averaging 3.3 per cent during the period --the lowest in the last six financial years
Retail inflation fell to a record low of 2.18% in May as prices of kitchen staples like vegetables and pulses declined sharply although there was a marginal spike in fruit rates.
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