Indian Economy problems
- 1. Which of the following is the correct description of the term sex-ratio as used in the context of the census of population?
Options- A. Number of males per 1000 females.
- B. Number of females per 1000 males.
- C. Number of females per 100 males.
- D. Number of females in a sample of 1000 persons. Also asked in: Bank Exams
Correct Answer: Number of females per 1000 males.
- 2. The second Green Revolution aims at increasing agricultural output to promote
Options- A. Availability of easy credit to big farmers
- B. Co-operative farming
- C. Inclusive growth
- D. Development of rural sector Also asked in: Bank Exams
Correct Answer: Inclusive growth
- 3. If for a perfectly competitive firm, price is Rs. 60, output is 300 units, average variable costs are Rs. 18, and average total costs are Rs. 36. The firm's profits are equal to
Options- A. Rs. 5400
- B. Rs. 3600
- C. Rs. 7200
- D. Rs. 1800 Also asked in: Bank Exams
Correct Answer: Rs. 7200
- 4. If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.
Options- A. Equilibrium
- B. Excess Demand
- C. Excess Supply
- D. Marginal Revenue Also asked in: Bank Exams
Correct Answer: Excess Supply
- 5. The State Financial Corporations have given assistance mainly to develop___________.
Options- A. agriculture farms
- B. cottage industries
- C. medium and small-scale industries
- D. large scale industries Also asked in: Bank Exams
Correct Answer: medium and small-scale industries
- 6. Goods for which demand move in the opposite direction of the income of the consumer are called?
Options- A. Inferior goods
- B. Normal goods
- C. Complementary goods
- D. Substitute goods Also asked in: Bank Exams
Correct Answer: Inferior goods
- 7. Credit Rationing in India is done by
Options- A. RBI
- B. SBI
- C. LIC
- D. Finance Ministry Also asked in: Bank Exams
Correct Answer: RBI
- 8. __________ says that if we keep increasing the employment of an input, with other inputs fixed, eventually a point will be reached after which the resulting addition to output (i.e., marginal product of that input) will start falling.
Options- A. Law of diminishing marginal product
- B. Law of variable proportions
- C. The Short Run
- D. The Long Run Also asked in: Bank Exams
Correct Answer: Law of diminishing marginal product
- 9. The __________ exchange rate is the relative price of foreign goods in terms of domestic goods.
Options- A. Artificial
- B. Nominal
- C. Fixed
- D. Real Also asked in: Bank Exams
Correct Answer: Real
- 10. In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals.
Options- A. Supply
- B. Demand
- C. Price
- D. Stock Market Also asked in: Bank Exams
Correct Answer: Price
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