Indian Economy problems
- 1. Which is the fastest running train on Indian railway
Options- A. Mumbai - Goa super fast Express
- B. New Delhi - Lucknow Shatabdi Express
- C. New Delhi -Chandigarh Shatabdi Express
- D. New Delhi - Mumbai Rajdhani Express Discuss
Correct Answer: New Delhi - Mumbai Rajdhani Express
- 2. Which of the following programme is launched to develop basic infrastucture in the country
Options- A. Bharat Nirman Programme
- B. Technical Mission
- C. Special Economic Zones
- D. None of these Discuss
Correct Answer: Bharat Nirman Programme
- 3. Many time we read in financial newspaper about the performance of the Core Sector in Economy. Which of the following is NOT included in the core sector of the same
Options- A. Coal
- B. Cement
- C. Steel
- D. Auto Sector Discuss
Correct Answer: Auto Sector
- 4. Which of the following is a programme under which electric connection is given to people below poverty line
Options- A. MPLADS
- B. Kutir Jyoti
- C. Ganga Kalyan Yojana
- D. Sangam Yojana Discuss
Correct Answer: Kutir Jyoti
- 5. The Government of India recently decided to create a 'Specific Financing Window ' for its ' Mega Bharat Nirman Programme ' . This specific financing window will operate through
Options- A. SIDBI
- B. NABARD
- C. SBI
- D. None of these Discuss
Correct Answer: NABARD
- 6. Which of the following programmes was launched in 2005-06 for creating infrastucture and basic amenities in rural parts of our Country
Options- A. Janani Surksha Yojana
- B. Sarva Siksha Abhiyan
- C. Swarnajayanti Shahari Rozagar Yojana
- D. Bharat Nirman Programme Discuss
Correct Answer: Bharat Nirman Programme
- 7. According to John Maynard Keynes, employment depends upon
Options- A. aggregate demand
- B. aggregate supply
- C. effective demand
- D. rate of interest Also asked in: Bank Exams
Correct Answer: effective demand
Explanation:
J.M Keynes? theory of employment is a demand-deficient theory. This means that Keynes visualised employment from the demand side of the model. His theory is a demand-oriented approach, as opposed to the classical supply side model.
According to him,the volume of employment in a country depends on the level of effective demand of people for goods and services. Thus, unemployment is attributed to the deficiency of effective demand.
- 8. The Budget proposals also seek to provide relief to salaried tax payers by allowing a standard deduction of what amount in place of the present exemption allowed for transport allowance and reimbursement of miscellaneous medical expenses?
Options- A. Rs. 20,000
- B. Rs. 40,000
- C. Rs. 50,000
- D. Rs. 80,000 Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: Rs. 40,000
Explanation:
The standard deduction of Rs. 40,000 is seek to provide relief to salaried tax payers in the Budget proposals in place of the present exemption allowed for transport allowance and reimbursement of miscellaneous medical expenses.
- 9. The law of increasing opportunity costs states that
Options- A. along a production possibilites curve, increases in the production of one good make the production of that good easier and easier
- B. increases in wages cause increases in the costs of production
- C. costs of production increases and then decreases
- D. along a production possibilities curve, increases in the production of one good require larger and larger sacrifices of the other good Also asked in: CAT, Bank Exams, AIEEE, Bank PO, Bank Clerk, Analyst
Correct Answer: along a production possibilities curve, increases in the production of one good require larger and larger sacrifices of the other good
Explanation:
Opportunity cost is the cost of other alternative choices for making your interested choice of work. Oppurtunity cost is also called as alternative cost.
For example on a holiday, you have two choices to do, either you can go to movie or a function. And if you chose to go to moavie, the oppurtunity cost of going to movie is the value that would have gotten if you had gone to function.
The law of increasing opportunity costs states that as you increase production of one good, the opportunity cost to produce an additional good will increase.
- 10. If the production possibilities curve was a straight line, this would imply that
Options- A. Economic resources are perfectly substitutable, in the production of the two products
- B. Equal quantities of both products are produced at each possible point on the curve
- C. The two products will sell at the same market price
- D. The two products are equally important to consumers Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: The two products will sell at the same market price
Explanation:
A production?possibility frontier (PPF) or production possibility curve (PPC) is the possible tradeoff of producing combinations of goods with constant technology and resources per unit time.
More in General Knowledge:
Programming
Copyright ©CuriousTab. All rights reserved.