Discussion
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- Question
The ________ balance is the sum of the balance of merchandise trade, services and net transfers received from the rest of the world.
Options- A. Current Account
- B. Savings Account
- C. Capital Account
- D. Asset Account
- Correct Answer
- Current Account
- 1. ?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
- 2. Lorenz curve shows
Options- A. Inflation
- B. Unemployment
- C. Income distribution
- D. Poverty Discuss
- 3. 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
- 4. 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
- 5. The main effect of Direct Taxes is on
Options- A. Food prices
- B. Consumer goods
- C. Capital goods
- D. Income Discuss
- 6. The relation between the consumer?s optimal choice of the quantity of a good and its price is very important and this relation is called the ________ function.
Options- A. Price
- B. Substitution
- C. Supply
- D. Demand Discuss
- 7. The demand for a normal good decreases with ________ in the consumer's income.
Options- A. increase
- B. decrease
- C. constant
- D. double Discuss
- 8. Short run marginal cost curve cuts the short run average cost curve from _______ at the minimum point of short run average cost.
Options- A. top
- B. below
- C. right
- D. left Discuss
- 9. __________ resources are those resources whose quantity is known.
Options- A. Natural resources
- B. Actual resources
- C. Potential resources
- D. Abiotic resources Discuss
- 10. The _________ balance is equal to capital flows from the rest of the world, minus capital flows to the rest of the world.
Options- A. Current Account
- B. Savings Account
- C. Capital Account
- D. Asset Account Discuss
Indian Economy problems
Search Results
Correct Answer: help in the further production of goods
Correct Answer: Income distribution
Correct Answer: when there is only one buyer and one seller of a product
Correct Answer: Sale in a foreign market of a commodity at a price below marginal cost
Correct Answer: Income
Correct Answer: Demand
Correct Answer: decrease
Correct Answer: below
Correct Answer: Actual resources
Correct Answer: Capital Account
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