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- Question
Economic costs of production differ from accounting costs in that
- Correct Answer
- Economic costs add the opportunity costs of a firm using its own resources while accounting costs do not
- 1. A sales tax is a type of
Options- A. aggressive
- B. regressive
- C. both A & B
- D. None of the above Discuss
- 2. The foreign purchases effect
Options- A. shifts the aggregate demand curve leftward
- B. moves the economy along a fixed aggregate demand curve
- C. shifts the aggregate demand curve rightward
- D. shifts the aggregate supply curve rightward Discuss
- 3. Employment in agriculture comes under
Options- A. organised sector
- B. service sector
- C. unorganised sector
- D. semi organised sector Discuss
- 4. The greater is the marginal propensity to consume, the
Options- A. lower is the price level
- B. smaller is the marginal propensity to save
- C. lower is the average propensity to consume
- D. higher is the interest rate Discuss
- 5. "GDP price index" measures changes in the
Options- A. Amount of resources available in the nation
- B. Value of final output produced in the nation
- C. Cost of resources employed in the nation
- D. Prices of the output produced in the nation Discuss
- 6. The study of economics is primarily concerned with
Options- A. choices that are made in seeking to use scarce resources efficiently
- B. keeping private businesses from losing money
- C. demonstrating that capitalistic economies are superior to socialistic economies
- D. None of the above Discuss
- 7. A pure market economy is sometimes called pure
Options- A. Capitalism
- B. Stocking
- C. Sharing
- D. Socialism Discuss
- 8. If depreciation exceeds gross investment
Options- A. the economy's stock of capital is growing
- B. the economy's stock of capital may be either growing or shrinking
- C. net investment is zero
- D. the economy's stock of capital is shrinking Discuss
- 9. Which is the first payment bank in India?
Options- A. Fino Payments Bank
- B. Airtel Payments Bank
- C. Aditya Birla Payments Bank
- D. Paytm Payments Bank Discuss
- Aditya Birla Payments Bank,
- Airtel Payments Bank,
- India Post Payments Bank,
- Fino Payments Bank,
- Jio Payments Bank (and)
- Paytm Payments Bank.
- 10. Administered prices refer to Discuss
Indian Economy problems
Search Results
Correct Answer: regressive
Explanation:
Sales tax is an additional amount of money you pay based on a percentage of the selling price of goods and services that are purchased.
For example, if you purchase a new laptop Rs. 40000 and live in an area where the sales tax is 6%, you would pay Rs.2400 in sales tax.
Correct Answer: moves the economy along a fixed aggregate demand curve
Correct Answer: service sector
Correct Answer: smaller is the marginal propensity to save
Correct Answer: Value of final output produced in the nation
Explanation:
"GDP price index" measures changes in the value of final output produced in the nation.
Correct Answer: choices that are made in seeking to use scarce resources efficiently
Correct Answer: Capitalism
Correct Answer: the economy's stock of capital is shrinking
Correct Answer: Airtel Payments Bank
Explanation:
Airtel Payments Bank is the first payment bank in India. A payments bank is a new category of banks conceptualized by the Reserve Bank of India, which operates at a smaller scale than an actual bank and doesn't involve any credit risk. It can carry out most banking operations but can't advance loans or issue credit cards.
The RBI as of date has given licences to 11 payments bank of which six are currently operational. These include
Correct Answer: Administered prices are prices set by government or firms which are not determined by regular market forces They do not vary in response to short-run fluctuations in demand and supply conditions Examples include price controls and rent controls
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