Indian Economy problems
- 1. Bilateral monopoly occurs where Also asked in: Analyst, Bank Clerk, Bank PO
Correct Answer: Bilater monopoly occurs in a market where a single seller ie, a only one monopoly and a single buyer ie, one monopsony exists
- 2. The real wage will rise if the nominal wage
Options- A. increases more rapidly than the general price level.
- B. increases at the same rate as labor productivity.
- C. falls more rapidly than the general price level.
- D. falls at the same rate as the general price level. Also asked in: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO
Correct Answer: increases more rapidly than the general price level.
- 3. Increasing marginal cost of production explains
Options- A. the income effect.
- B. why the supply curve is upsloping.
- C. why the demand curve is downsloping
- D. the law of demand. Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: why the supply curve is upsloping.
- 4. Trade blocs help countries by
Options- A. competition
- B. economic integration
- C. Increase in trade
- D. All of the above Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: All of the above
Explanation:
A trade bloc is a type of intergovernmental agreement for a group of countries where barriers to trade are reduced or eliminated among the participating states and less competition and for economic integration.
- 5. Which of the following is classified as working capital?
Options- A. currents assets
- B. current liabilities
- C. Both A & B
- D. current assets - current liabities Also asked in: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO
Correct Answer: current assets - current liabities
Explanation:
Working capital, also known as net working capital, is the difference between a company?s current assets, like cash, accounts receivable and inventories of raw materials and finished goods, and its current liabilities, like accounts payable.
Working Capital = Current Assets - Current Liabilities
- 6. Poverty level in india is estimated on the basis of
Options- A. Household consumer expenditure
- B. Slum population in the country
- C. Per capita income in different States
- D. Household average income Also asked in: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO
Correct Answer: Household consumer expenditure
- 7. The demand curve shows the relationship between
Options- A. good price and the service
- B. quantity demanded and the price of the good
- C. quality and quantity of the good
- D. quality and price of the good Also asked in: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO
Correct Answer: quantity demanded and the price of the good
- 8. Through specialization and international trade, a nation
Options- A. will attain some combination of goods lying inside its production possibilities curve
- B. will shift its production possibilities curve towards left
- C. can attain some combination of goods lying outside its production possibilities curve
- D. will shift its production possibilities curve towards right Also asked in: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO
Correct Answer: can attain some combination of goods lying outside its production possibilities curve
- 9. If intermediate goods and services were included in GDP
Options- A. the price level may change over time.
- B. the GDP would be overstated.
- C. the price level rose by more than nominal GDP.
- D. All of the above Also asked in: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO
Correct Answer: the GDP would be overstated.
- 10. The concept of net domestic investment refers to
Options- A. the difference between the market value and book value of outstanding capital stock.
- B. total investment less the amount of investment goods used up in producing the year's output.
- C. the amount of machinery and equipment used up in producing the GDP in a specific year.
- D. gross domestic investment less net exports. Also asked in: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO
Correct Answer: total investment less the amount of investment goods used up in producing the year's output.
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