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- Question
When the demand for a good increases with an increase in income, such a good is called_______
Options- A. Superior good
- B. Giffin good
- C. Inferior good
- D. Normal good
- Correct Answer
- Superior good
- 1. In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
Options- A. Food processing
- B. Petro-chemical
- C. Chemicals other than fertilizers
- D. Telecommunications Discuss
- 2. Sudden decrease of birth rate would cause___________.
Options- A. increase in per capita income
- B. increase in investment
- C. increase in savings
- D. increase in loan requests Discuss
- 3. Which of the following Article of Indian Constitution deals with the Right to Equality before Law?
Options- A. Article 13
- B. Article 14
- C. Article 15
- D. Article 17 Discuss
- 4. Open Market Operations refer to __________
Options- A. Borrowings by Scheduled banks from RBI
- B. Lending by Commercial banks to industry
- C. Purchase and sale of Government securities by RBI
- D. Deposit mobilisation Discuss
- 5. One of the following is 'Labour' in Economics.
Options- A. A Musician performing for a benefit fund
- B. A Painter working for his own pleasure
- C. Reading a book as a hobby
- D. A Mother teaching her own son Discuss
- 6. The demand of a commodity is a direct demand but the demand of a factor of production is called a
Options- A. Crossed demand
- B. Joint demand
- C. Derived demand
- D. Independent demand Discuss
- 7. Depreciation is loss in value of ________
Options- A. Final goods
- B. Machinery
- C. Capital stock
- D. Stock of inventory Discuss
- 8. Government has announced to fix MSP at a level of at least ________________ per cent of the cost of production for kharif crops 2018-19 which redeems the promise made in the Union Budget for 2018-19.
Options- A. 50 per cent
- B. 250 per cent
- C. 200 per cent
- D. 100 per cent Discuss
- 9. The difference between exports and imports is called-?
Options- A. assets and liabilities
- B. balance of payment
- C. GDP
- D. balance of trade Discuss
- 10. The Law of Demand is based on the concept that people _______.
Options- A. buy more of a good as their income increases.
- B. buy more of a good as the price of the good falls.
- C. will spend all of their money on something.
- D. want more of everything even if they have no money to buy anything. Discuss
Indian Economy problems
Search Results
Correct Answer: Telecommunications
Correct Answer: increase in per capita income
Correct Answer: Article 14
Correct Answer: Purchase and sale of Government securities by RBI
Correct Answer: A Musician performing for a benefit fund
Correct Answer: Derived demand
Correct Answer: Machinery
Correct Answer:
Explanation:
Government has announced its historic decision on 04.07.2018 to fix MSP at a level of at least 150 per cent of the cost of production for kharif crops 2018-19 which redeems the promise made in the Union Budget for 2018-19.The MSPs fixed by Government, cost and returns over all-India weighted average cost of production of crops for 2017-18 and 2018-19 is at Annexure.Cost of production varies in different states on account of difference in levels of irrigation, resource endowment, farm mechanization, land holding size, yield of crops etc.
Correct Answer: balance of trade
Explanation:
The difference between exports and imports is called the balance of trade. If imports are greater than exports, it is sometimes called an unfavourable balance of trade. If exports exceed imports, it is sometimes called a favourable balance of trade.
Correct Answer: buy more of a good as the price of the good falls.
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