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- Question
In which of the following market forms, a firm does not exercise control over price?
Options- A. Monopoly
- B. Perfect competition
- C. Oligopoly
- D. Monopolistic competition
- Correct Answer
- Perfect competition
- 1. Which one of the following is not an instrument of Fiscal policy?
Options- A. Open Market Operations
- B. Taxation
- C. Public borrowing
- D. Public expenditure Discuss
- 2. Which one is not the main objective of fiscal policy in India?
Options- A. To increase liquidity in the economy
- B. To promote price stability
- C. To minimize the inequalities of income & wealth
- D. To promote employment opportunity Discuss
- 3. The major objective of monetary policy is to
Options- A. increase government's tax revenue
- B. revamp the Public Distribution System
- C. Promote economic growth with price stability
- D. weed out corruption in the economy Discuss
- 4. Which is the most important factor that determines whether advertising by manufacturing sector will lead to higher sales?
Options- A. Demand is elastic
- B. Demand is inelastic
- C. The product can be differentiated
- D. The product can be homogenous. Discuss
- 5. The 14th Finance Commission has recommended increase in States share in net proceeds from tax collection from 32% to
Options- A. 35%
- B. 40%
- C. 42%
- D. 45% Discuss
- 6. The main effect of Direct Taxes is on
Options- A. Food prices
- B. Consumer goods
- C. Capital goods
- D. Income Discuss
- 7. The term 'Dumping' refers to
Options- A. The sale of a substandard commodity
- B. Sale in a foreign market of a commodity at a price below marginal cost
- C. Sale in a foreign market of a commodity just at marginal cost with too much of profit
- D. Smuggling of goods without paying any customs duty Discuss
- 8. Bilateral monopoly situation is
Options- A. when there are only two sellers of a product
- B. when there are only two buyers of a product
- C. when there is only one buyer and one seller of a product
- D. when there are two buyers and two sellers of a product Discuss
- 9. Lorenz curve shows
Options- A. Inflation
- B. Unemployment
- C. Income distribution
- D. Poverty Discuss
- 10. ?Capital gains? refers to goods which
Options- A. serve as a source of raising further capital
- B. help in the further production of goods
- C. directly go into the satisfaction of human wants
- D. find multiple uses Discuss
Indian Economy problems
Search Results
Correct Answer: Open Market Operations
Correct Answer: To increase liquidity in the economy
Correct Answer: Promote economic growth with price stability
Correct Answer: The product can be differentiated
Correct Answer: 42%
Correct Answer: Income
Correct Answer: Sale in a foreign market of a commodity at a price below marginal cost
Correct Answer: when there is only one buyer and one seller of a product
Correct Answer: Income distribution
Correct Answer: help in the further production of goods
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