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Indian Economy
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Question
Which among the following is the difference in valuebetween a countrys imports and exports?
Options
A. Balance of Trade
B. Balance of Payment
C. Balance of power
D. Credit Balance
Correct Answer
Balance of Trade
Tags:
Bank Exams
Indian Economy problems
Search Results
1. For the buying and selling of precious metals such as Goldand Silver, the market established is termed as ________ .
Options
A. Capital Market
B. Money Market
C. Bullion Market
D. wholesale cash market
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Discuss
Correct Answer: Bullion Market
2. The rate of inflation increases when the purchasing powerof money___________ .
Options
A. Decreases
B. Increases
C. Stable
D. Decrease just half
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Correct Answer: Decreases
3. If the rupee depreciates, how the exporters are affected?
Options
A. They are unaffected
B. They are in loss
C. They are in profit
D. They get credit crunch
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Correct Answer: They are in profit
4. When was Consumer Protection Act (COPRA) passed?
Options
A. 1984
B. 1980
C. 1986
D. 1995
Show Answer
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Correct Answer: 1986
5. Income and consumption are ___________.
Options
A. directly related
B. partially related
C. inversely related
D. unrelated
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Correct Answer: directly related
6. The term 'Zero Based Budgeting' refers to __________.
Options
A. A specified sum of money authorized by the Legislaturefor a specific period of time
B. To ensure that every rupee spent is result oriented
C. A statutorily mandated form of reimbursement or up-front payment for state expenditures
D. A cost item for which payment is made by one stateagency to another
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Correct Answer: To ensure that every rupee spent is result oriented
7. Find the similarity among the following: Makar Sankranthi, Pongal, Lohri, Baisakhi
Options
A. All are festivals of North India
B. All are names of harvest festivals
C. All are festivals celebrated in the month of January
D. There is no similarity at all
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Correct Answer: All are names of harvest festivals
8. Which of the following gulf countries has announced to form new economic and partnership group named 'Joint Cooperation Committee' inDecember 2017?
Options
A. UAE and Saudi Arabia
B. Qatar and UAE
C. Bahrain and Kuwait
D. Oman and Saudi Arabia
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Correct Answer: UAE and Saudi Arabia
9. Which of the following e-commerce majors has signed an agreement with NIESBUD for encouraging SMEs to grow profitably online?
Options
A. Amazon
B. Flipkart
C. Snapdeal
D. eBay
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Correct Answer: Amazon
10. In which of the following case, law of demand fails?
Options
A. Giffen goods
B. Normal goods
C. Inferior goods
D. Both Giffen and Inferior goods
Show Answer
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Correct Answer: Giffen goods
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