Indian Economy problems
- 1. India has stated it aims to reduce the emissions intensity of its GDP by 33-35% by 2030 from 2005 levels and achieve _______________ of its cumulative electric power of around 350GW installed capacity from non-fossil fuel-based energy resources, mainly renewable power.
Options- A. 20%
- B. 40%
- C. 50%
- D. 30% Also asked in: AIEEE, Bank Exams, CAT
Correct Answer: 40%
Explanation:
India has said it aims to reduce the emissions intensity of its GDP by 33-35% by 2030 from 2005 levels and achieve 40% of its cumulative electric power of around 350GW installed capacity from non-fossil fuelbased energy resources, mainly renewable power. The statement comes ahead of the UN Framework Convention on Climate Change (UNFCCC) to be held in Paris in December 2015, where countries would try to forge a new global climate agreement based on ?climate justice" and principles of equity and common but differentiated responsibilities and respective capabilities.
- 2. An increase in price of which of these products will have a ripple effect in increasing the prices of many products, thereby resulting in inflation?
Options- A. Petroleum
- B. Medicines
- C. Smartphones
- D. Automobiles Also asked in: Bank Exams, CAT
Correct Answer: Petroleum
- 3. If price of an article decreases from Rs. 12 to Rs. 10, quantity demanded increases from 1000 units to 1400 units. Find point elasticity of demand?
Options- A. 2.4
- B. -2
- C. -2.4
- D. 2 Also asked in: AIEEE, Bank Exams, CAT
Correct Answer: -2.4
- 4. What will you call a system of taxation under which the poorer sections are taxed at higher rates than the richer sections?
Options- A. Progressive tax
- B. Proportional tax
- C. Regressive tax
- D. Degressive tax Also asked in: Bank Exams
Correct Answer: Regressive tax
- 5. Trickle down theory ignores the impact of economic growth on
Options- A. Investment
- B. Savings
- C. Income distribution
- D. consumption Also asked in: Bank Exams
Correct Answer: Income distribution
- 6. What is a bank rate?
Options- A. Rate at which Central bank of a country advances loans to other banks in the country
- B. Rate at which banks advance loans to the customers
- C. Rate at which banks lend among themselves
- D. Rate at which banks lend to money lenders Also asked in: Bank Exams
Correct Answer: Rate at which Central bank of a country advances loans to other banks in the country
- 7. Which of the following tax systems will help to reduce economic inequalities in India?
Options- A. Regressive Tax
- B. Progressive Tax
- C. Flat rate tax
- D. None of these Also asked in: Bank Exams
Correct Answer: Progressive Tax
- 8. Consider the following statements: 1. Inflation in India continued to be moderate during 2017-18 2. There was significant reduction in food inflation, particularly pulses and vegetables during the period. Which of the statements given above is/are correct?
Options- A. 1 only
- B. 2 only
- C. Both 1 and 2
- D. Neither 1 nor 2 Also asked in: Bank Exams
Correct Answer: Both 1 and 2
Explanation:
According to the Survey, inflation in the country continued to moderate during 2017-18 with the CPI based headline inflation averaging 3.3 per cent during the period --the lowest in the last six financial years
Retail inflation fell to a record low of 2.18% in May as prices of kitchen staples like vegetables and pulses declined sharply although there was a marginal spike in fruit rates.
- 9. In which market form, a market or an industry is dominated by a single seller?
Options- A. Oligopoly
- B. Monopoly
- C. Duopoly
- D. Monopolistic Competition Also asked in: Bank Exams
Correct Answer: Monopoly
- 10. Which amongst the following is not a component of monetary policy in India?
Options- A. Repo rate
- B. Moral suasion
- C. Credit Rationing
- D. Public Debt Also asked in: Bank Exams
Correct Answer: Public Debt
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