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- Question
For each perfectly competitive firm in the long run
Options- A. price = marginal costs = average variable costs
- B. price = average profit
- C. price = marginal costs = minimum average total costs
- D. price = minimum average variable costs
- Correct Answer
- price = marginal costs = minimum average total costs
- 1. Economic planning in India is in____
Options- A. Union List
- B. State list
- C. Concurrent List
- D. None Discuss
- 2. The concept of joint sector implies cooperation between
Options- A. Public sector and private sector industries
- B. State Government and Central Government
- C. Domestic and Foreign Companies
- D. None of these Discuss
- 3. Short term contractions and expansions in economic activity are called ______________
Options- A. Expansions
- B. Recession
- C. Deficits
- D. The business cycle Discuss
- 4. Which curve shows the inverse relationship between unemployment and inflation rates
Options- A. Supply curve
- B. Indifference curve
- C. IS curve
- D. Phillips curve Discuss
- 5. Tax on inheritance is called __________
Options- A. Excise duty
- B. Estate duty
- C. Gift tax
- D. Sales tax Discuss
- 6. According to the report by the Commerce Ministry ?Logistics Ease Across Different States (LEADS)?, which of the following state has topped the Logistic Index Chart?
Options- A. Maharashtra
- B. Andhra Pradesh
- C. Gujarat
- D. Karnataka Discuss
- 7. In a cut motion, when the amount of demand is reduced by Rs 100/ , it is known as
Options- A. Disapproval of policy cut
- B. Economy cut
- C. Vote on Account
- D. Token cut Discuss
- 8. If Reserve Bank of India reduces the cash reserve ratio, it will :
Options- A. increase credit creation
- B. decrease credit creation
- C. have no impact on credit creation
- D. have no definite impact on credit creation Discuss
- 9. What is the slowdown in the rate of increase of prices of goods & services in National GDP over time called?
Options- A. Deflation
- B. Disinflation
- C. Inflation
- D. Reflation Discuss
- 10. Consider the following statements with respect to Bitcoins or 'cryptocurrencies' as they are commonly known; I. Bitcoin is a decentralized electronic payment system II. Only a finite number of bitcoins can be created by miners III. Bitcoins are indivisible units of currency IV. Every single bitcoin transaction is recorded in a ledger called the blockchain. Which of the above statements are correct?
Options- A. (i), (ii) and (iii)
- B. (i), (iii) and (iv)
- C. (i), (ii) and (iv)
- D. (i), (ii), (iii) and (iv) Discuss
Indian Economy problems
Search Results
Correct Answer: Concurrent List
Correct Answer: Public sector and private sector industries
Correct Answer: The business cycle
Correct Answer: Phillips curve
Correct Answer: Estate duty
Correct Answer: Gujarat
Explanation:
According to the report by the Commerce Ministry ?Logistics Ease Across Different States (LEADS)?, Gujarat has topped the Logistic Index Chart, an indicator of the efficiency of logistics services necessary for promoting exports in particular, and economic growth in general. Gujarat is followed by Punjab, Andhra Pradesh, Karnataka and Maharashtra on the index.
Correct Answer: Token cut
Correct Answer: increase credit creation
Correct Answer: Disinflation
Explanation:
In the rate ofinflation, disinflation is a decrease ?in a nation'sgross domestic productover time, a slowdown in the rate of increase of the generalprice levelof goods and services. It is the opposite ofreflation. When the increase in the ?consumer price level? it occurs disinflation and slows down from the previous period when the prices were rising.
Correct Answer: (i), (ii) and (iv)
Explanation:
A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees. Bitcoin?s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. Bitcoin is created digitally, by a community of people that anyone canjoin. Bitcoins are ?mined?, using computing power in a distributed network.This network also processes transactions made with the virtual currency, effectively making bitcoin its own payment network.The bitcoin protocol ?the rules that make bitcoin work ?say that only 21 million bitcoins can ever be created by miners. However, these coins can be divided into smaller parts (the smallest divisible amount is one hundred millionth of a bitcoin and is called a ?Satoshi?, after the founder of bitcoin). Bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain.
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