Indian Economy problems
- 1. The study of individual markets of demand and supply in which the 'players', or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?
Options- A. Macroeconomics
- B. Econometrics
- C. Microeconomics
- D. Heterodox Economics Also asked in: Bank Exams
Correct Answer: Microeconomics
- 2. If the breakeven quantity for a factory whose variable cost of manufacturing a cell is Rs. 15 and selling price is Rs. 24 is 2,400 units, find the fixed cost of the factory?
Options- A. Rs. 21600
- B. Rs. 36000
- C. Rs. 57600
- D. Rs. 14400 Also asked in: Bank Exams
Correct Answer: Rs. 21600
- 3. An increase in the growth rate of the nominal money supply results in
Options- A. Lower rate of inflation
- B. Higher rate of inflation
- C. Lower interest rates
- D. Currency appreciation Also asked in: Bank Exams
Correct Answer: Higher rate of inflation
- 4. In perfect competition a firm maximizes profit by _____.
Options- A. setting price such that price is equal to or greater than its marginal costs
- B. setting output such that price equals average total costs
- C. setting output such that price equals marginal costs
- D. setting price so that it is greater than marginal cost Also asked in: Bank Exams
Correct Answer: setting output such that price equals marginal costs
- 5. Match the characteristics with their market structure: (a) Differentiated products, but close substitutes for consumers so their demand curves are elastic (b) Homogeneous product, all goods are perfect substitutes for consumers
Options- A. (a) Monopolistic Competition, (b) Pure Competition
- B. (a) Monopolistic Competition, (b) Pure Monopoly
- C. (a) Pure Monopoly, (b) Pure Competition
- D. (a) Pure Monopoly, (b) Pure Competition Also asked in: Bank Exams
Correct Answer: (a) Monopolistic Competition, (b) Pure Competition
- 6. Identify the Indian state which has the lowest sex ratio
Options- A. Haryana
- B. Punjab
- C. Uttar Pradesh
- D. Arunachal Pradesh Discuss
Correct Answer: Haryana
- 7. Net National product of a country is
Options- A. GDP minus depreciation allowances
- B. GDP plus net income from abroad
- C. GNP minus net income from abroad
- D. GNP minus depreciation allowances Discuss
Correct Answer: GNP minus depreciation allowances
- 8. Should the parents inIndia in future be forced to opt for one child against the 2 or many at present? Yes.This the only way to check the ver increasin population of India No.This type of pressure tactic is not adopted by any other country in the world
Options- A. Only 1 is true
- B. Only 2 is true
- C. Either 1 or 2 is true
- D. Neither 1 nor 2 is true Discuss
Correct Answer: Only 1 is true
Explanation:
Clearly adoptindg such a policy help to regulate the population gowth,which inturn will facilitate the proper growth of economy and optimum utilization of country resources.
- 9. The money which Government of India spends on the development of infrastructure in country comes from which of the following sources? I. Loan from world Bank/ADB etc II. Taxes collected from the people III. Loan from RBI
Options- A. only I
- B. only II
- C. only III
- D. All I,II and III Discuss
Correct Answer: All I,II and III
- 10. Micro Credit or Micro Finance is a novel approch to banking with the poor. In this approach bank credit is extended to the poor through:
Options- A. Self Help Groups
- B. Anganwadi
- C. Co- operative Credit Societies
- D. Reserve Bank of India Discuss
Correct Answer: Self Help Groups
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