Indian Economy problems
- 1. Which one of the following indices is now used by the Reserve Bank of India to measure the rate of inflation in India?
Options- A. NASDAQ Index
- B. BSE Index
- C. Consumer Price Index
- D. Wholesale Price Index Also asked in: Bank Exams
Correct Answer: Consumer Price Index
Explanation:
The Wholesale Price Index (WPI) was main index for measurement of inflation in India till April 2014 when RBI adopted new Consumer Price Index (CPI) as the key measure of inflation.
- 2. Which among the following is not a direct tax?
Options- A. Income tax
- B. Wealth tax
- C. Corporate tax
- D. None of these Also asked in: Bank Exams
Correct Answer: None of these
- 3. Which among the following is not an instrument of fiscal policy?
Options- A. Taxation
- B. Public expenditure
- C. Public debt
- D. Credit Rationing Also asked in: Bank Exams
Correct Answer: Credit Rationing
- 4. Which of the following is represented by 'Lorenz Curve'?
Options- A. Employment
- B. Inflation
- C. Deflation
- D. Income Distribution Also asked in: Bank Exams
Correct Answer: Income Distribution
- 5. Which answer figure will complete the pattern?
Options- A. X
- B. W
- C. V
- D. U Also asked in: Bank Exams
Correct Answer: U
- 6. Goods which are consumed together are called?
Options- A. Inferior goods
- B. Normal goods
- C. Complementary goods
- D. Substitute goods Also asked in: Bank Exams
Correct Answer: Complementary goods
- 7. The demand for a normal good increases with ________ in the consumer's income.
Options- A. increase
- B. decrease
- C. constant
- D. double Also asked in: Bank Exams
Correct Answer: increase
- 8. Match the characteristics with their market structure: (a) Price > MC in both short and long run (b) Faces highly elastic demand
Options- A. (a) Monopolistic competition, (b) Pure competition
- B. (a) Pure Monopoly, (b) Monopolistic competition
- C. (a) Pure competition, (b) Monopolistic competition
- D. (a) Oligopoly, (b) Pure competition Also asked in: Bank Exams
Correct Answer: (a) Pure Monopoly, (b) Monopolistic competition
- 9. A commodity market has a _________ structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another firm is prevented.
Options- A. Perfect Competition
- B. Monopoly
- C. Oligopoly
- D. Monopolistic Competition Also asked in: Bank Exams
Correct Answer: Monopoly
- 10. Birth rate in a country is defined as
Options- A. Number of births per 100 in 1 year
- B. Number of births per 1000 in 1 year
- C. Number of births per km of area in 1 year
- D. Number of births per 100 km of area in 1 year Also asked in: Bank Exams
Correct Answer: Number of births per 1000 in 1 year
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