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- Question
If a country devalues its currency, its _______________
Options- A. Exports become cheaper and imports become costlier
- B. Exports become costlier and imports become cheaper.
- C. Exports value is equivalent to imports value
- D. No effect on exports and imports
- Correct Answer
- Exports become cheaper and imports become costlier
- 1. Which among the following does not count in the development expenditure of government?
Options- A. Expenditure on economic services
- B. Expenditure on social services
- C. Grant to states
- D. Defence expenditure Discuss
- 2. Irfaan loves black coffee. A roadside stall selling a cup of black coffee at Rs. 120, offered 25% discount to Irfaan. If Irfaan was willing to pay even Rs. 200 for this cup of black coffee, Irfaan's consumer surplus is
Options- A. 90
- B. 80
- C. 30
- D. 110 Discuss
- 3. Stagflation is defined as
Options- A. low inflation, low growth, low unemployment
- B. high inflation, low growth, high unemployment
- C. high inflation, high growth, high unemployment
- D. low inflation, high growth, low unemployment Discuss
- 4. A beedi making workshop can hire 5 women by paying them Rs. 300 per day. The 6th woman demands Rs. 350 per day. If this woman is hired then all other women must be paid Rs. 350. The marginal resource (labour) cost of the 6th woman is
Options- A. Rs. 600
- B. Rs. 50
- C. Rs. 300
- D. Rs. 100 Discuss
- 5. If price of an article decreases from Rs P1 to Rs 190, when quantity demanded increases from 5000 units to 5200 units, and if point elasticity of demand is -0.8 find P1?
Options- A. Rs 220
- B. Rs 240
- C. Rs 200
- D. Rs 250 Discuss
- 6. Sectoral distribution of GDP index measures_________
Options- A. Agriculture development of a country
- B. Economic development of a country
- C. Social development of a country
- D. SocioEconomic development of a country Discuss
- 7. If hiring an extra worker increases a factory's output from 1000 to 1200 units per day, but the factory has to reduce the price of its product from Rs. 25 to Rs. 24 per unit to sell the additional output, the marginal revenue product of the last worker is
Options- A. Rs. 3800
- B. Rs. 200
- C. Rs. 4000
- D. Rs. 100 Discuss
- 8. Which law states that bad money drives good money out of circulation?
Options- A. Wagner's law
- B. Grimm's law
- C. Gresham's law
- D. Keynes' law Discuss
- 9. Which of the following is a tertiary activity?
Options- A. Farming
- B. Manufacturing
- C. Dairying
- D. Trading Discuss
- 10. If price of an article decreases from Rs. 25 to Rs. 20, quantity demanded increases from Q1 units to 1500 units. If point elasticity of demand is -1.25, find Q1?
Options- A. 900 units
- B. 1200 units
- C. 1800 units
- D. 2000 units Discuss
Indian Economy problems
Search Results
Correct Answer: Defence expenditure
Correct Answer: 110
Correct Answer: high inflation, low growth, high unemployment
Correct Answer: Rs. 600
Correct Answer: Rs 200
Correct Answer: Economic development of a country
Correct Answer: Rs. 3800
Correct Answer: Gresham's law
Correct Answer: Trading
Correct Answer: 1200 units
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