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- Question
A company faces a -2.5 price elasticity of demand for its product. It is presently selling 10,000 units/month. If it wants to increase quantity sold by 6%, it must lower its price by
Options- A. 3.50%
- B. 15%
- C. 2.50%
- D. 2.40%
- Correct Answer
- 2.40%
- 1. The Certificate of Deposit (CD) is a negotiable money market instrument and issued in the form of?
Options- A. Derivative Usance Promissory Note
- B. Usance Promissory Note
- C. Demand Promissory Note
- D. Both a & b Discuss
- 2. PMVVY (Pradhan Mantri Vaya Vandana Yojana) pension limit extends to which timeline?
Options- A. March, 2021
- B. March, 2019
- C. March, 2022
- D. March, 2020 Discuss
- 3. What does 'C' stands for 'CAGR', a business specific term for the geometric progression ratio that provides a constant rate over the specific time period?
Options- A. Control
- B. Compound
- C. Credit
- D. Call Discuss
- 4. 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
- 5. The difference between exports and imports is called-?
Options- A. assets and liabilities
- B. balance of payment
- C. GDP
- D. balance of trade Discuss
- 6. Lowering of value of currency relative to a foreign reference currency is called _________.
Options- A. Devaluation
- B. Revaluation
- C. Down valuation
- D. Negative valuation Discuss
- 7. Movement along the supply curve is known as ______
Options- A. Contraction of supply
- B. Expansion of supply
- C. Increase in supply
- D. Expansion and contraction of supply Discuss
- 8. India's population growth is characterized by
Options- A. An increase in rate of death
- B. An increase in the ratio of females
- C. An increase in the birth rate and declining death rate
- D. Increasing number of old people Discuss
- 9. Which one of the following with regard to the term ?bank run? is correct?
Options- A. The net balance of money a bank has in its chest at the end of the day?s business
- B. The ratio of bank?s total deposits and total liabilities
- C. A panic situation when the deposit holders start withdrawing cash from the banks
- D. The period in which a bank creates highest credit in the market Discuss
- 10. Which of the following will be the outcome if an economy is under the inflationary pressure? 1.Domestic currency heads for depreciation. 2.Exports become less competitive with imports getting costlier. 3.Cost of borrowing decreases.4.Bondholders get benefitted. Select the correct answer using the code given below.
Options- A. 1 and 2
- B. 2 and 3
- C. 1 and 3 only
- D. 1, 3 and 4 Discuss
Indian Economy problems
Search Results
Correct Answer: Usance Promissory Note
Explanation:
The Certificate of Deposit (CD) is a negotiable money market instrument and issued in dematerialised form or as a Usance Promissory Note against funds deposited at a bank or other eligible financial institution for a specified time period. (Usance Promissory Note has to be paid after certain time period).
Correct Answer: March, 2020
Explanation:
PMVVY (Pradhan Mantri Vaya Vandana Yojana) pension limit extends to March, 2020.
The Union Cabinet, chaired by Prime Minister Narendra Modi approved extending the investment limit from Rs 7.5 lakh to Rs 15 lakh under the Pradhan Mantri Vaya Vandana Yojana (PMVVY).
It also extended the last date for a subscription to the scheme till March 31, 2020. The time limit was earlier supposed to end on May 4, 2018.
The PMVVY is being implemented through Life Insurance Corp (LIC) to provide social security during old age and protect the elderly aged 60 years and above against a future fall in their interest income due to uncertain market conditions. The scheme provides an assured pension based on a guaranteed rate of return of 8 percent per annum for 10 years.
Correct Answer: Compound
Explanation:
CAGR stands for Compound Annual Growth Rate. So, C stands for Compound. Compound annual growth rate (CAGR) is a business and investing specific term for the geometric progression ratio that provides a constant rate of return over the time period.
Correct Answer: buy more of a good as the price of the good falls.
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: Devaluation
Correct Answer: Expansion and contraction of supply
Correct Answer: An increase in the birth rate and declining death rate
Correct Answer: A panic situation when the deposit holders start withdrawing cash from the banks
Explanation:
A bank run occurs when a large number of people withdraw their money from a bank, because they believe the bank may cease to function soon.
A banking panic or bank panic is a financial crisis that occurs when many banks suffer runs at the same time, as people suddenly try to convert their threatened deposits into cash or try to get out of their domestic banking system altogether.
Correct Answer: 1 and 3 only
Explanation:
Creditors and debtors:
During inflation creditors lose because they receive in effect less in goods and services than if they had received the repayments during a period of low prices. Debtors, on other hand, as a group gain during inflation, since they repay their debts in currency that has lost its value.The aggregate volume of internal trade tends to increase during inflation due to higher incomes, greater production and larger spending. But the export trade is likely to suffer on account of arise in the prices of domestic goods.
The same currency unit will now buy less goods and services.But the bondholders lose as they get a fixed interest the real value of which has already fallen.
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