Indian Economy problems
- 1. Globalization has the largest effect on
Options- A. Politics
- B. Economy
- C. Employment
- D. Business Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: Economy
Explanation:
Globalization has the largest effect on the economies. Globalisation is the process of interaction and integration between people, companies, and governments worldwide.
- 2. An improvement in technology would shift
Options- A. the demand curve rightward
- B. the supply curve rightward
- C. the supply curve leftward
- D. the demand curve leftward Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: the supply curve rightward
Explanation:
An improvement in technology would shift the supply curve rightward.
- 3. For economists, the word "utility" means
Options- A. pleasure and satisfaction
- B. purposefulness
- C. versatility and flexibility
- D. rationality Also asked in: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO
Correct Answer: pleasure and satisfaction
- 4. An increase in demand means that
Options- A. the demand curve shifts to the right
- B. consumers desire a greater quantity
- C. Both A & B
- D. None of the above Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: Both A & B
Explanation:
An increase in demand means that the demand curve shifts to the right, and hence quantity demanded will be high at each price.
- 5. A decrease in the price level will
Options- A. result in a movement downward along the aggregate demand curve
- B. shift the aggregate demand curve to the right
- C. result in a movement upward along the aggregate demand curve
- D. shift the aggregate demand curve to the left Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: result in a movement downward along the aggregate demand curve
- 6. Consumer surplus arises in a market because
Options- A. some consumers are willing to pay more than the equilibrium price but do not need to do so
- B. some consumers are willing to pay less than the equilibrium price but do not need to do so
- C. at market price, the quantity demanded is less than the quantity supplied
- D. at market price, the quantity demanded is greater than the quantity supplied Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: some consumers are willing to pay more than the equilibrium price but do not need to do so
- 7. In calculating the GDP national income accountants
Options- A. add increases in inventories or subtract decreases in inventories
- B. add exports, but subtract imports
- C. Both A & B
- D. None of the above Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: add increases in inventories or subtract decreases in inventories
- 8. The largest component of GDP is
Options- A. income
- B. wages
- C. consumption
- D. imports Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: consumption
Explanation:
Consumption is the largest component of GDP.
- 9. The goal of a market economy is to
Options- A. equity
- B. security
- C. Both A & B
- D. None of the above Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: equity
- 10. Business fluctuations refer to
Options- A. the ups and downs in overall business
- B. expansion is rapid
- C. contraction is severe
- D. None of the above Also asked in: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO
Correct Answer: the ups and downs in overall business
Explanation:
Business fluctuations refer to the ups and downs in overall business activity measured by changes in national? income, employment and the price level.
More in General Knowledge:
Programming
Copyright ©CuriousTab. All rights reserved.