Indian Economy problems
- 1. Fixed Foreign Exchange Rate can be changed by
Options- A. RBI
- B. SEBI
- C. Ministry of Finance
- D. FIPB Discuss
Correct Answer: RBI
- 2. National Income refers to ___________
Options- A. money value of goods and services produced in a country during a year
- B. money value of stocks and shares of a country during a year
- C. money value of capital goods produced by a country during a year
- D. money value of consumer goods and services produced in a country during a year Discuss
Correct Answer: money value of goods and services produced in a country during a year
- 3. On 24 October 2017, the Government of India announced a massive of ______ package to boost economy
Options- A. Rs 7 lakh crore
- B. Rs 9 lakh crore
- C. Rs 15 lakh crore
- D. Rs 5 lakh crore Discuss
Correct Answer: Rs 9 lakh crore
- 4. The term 'Macro Economics' was used by __________
Options- A. J.M. Keynes
- B. Ragner Frisch
- C. Ragner Nurkse
- D. Prof. Knight Discuss
Correct Answer: Ragner Frisch
- 5. Tax on inheritance is called __________
Options- A. Excise duty
- B. Estate duty
- C. Gift tax
- D. Sales tax Discuss
Correct Answer: Estate duty
- 6. Which curve shows the inverse relationship between unemployment and inflation rates
Options- A. Supply curve
- B. Indifference curve
- C. IS curve
- D. Phillips curve Discuss
Correct Answer: Phillips curve
- 7. Short term contractions and expansions in economic activity are called ______________
Options- A. Expansions
- B. Recession
- C. Deficits
- D. The business cycle Discuss
Correct Answer: The business cycle
- 8. The concept of joint sector implies cooperation between
Options- A. Public sector and private sector industries
- B. State Government and Central Government
- C. Domestic and Foreign Companies
- D. None of these Discuss
Correct Answer: Public sector and private sector industries
- 9. Economic planning in India is in____
Options- A. Union List
- B. State list
- C. Concurrent List
- D. None Discuss
Correct Answer: Concurrent List
- 10. For each perfectly competitive firm in the long run
Options- A. price = marginal costs = average variable costs
- B. price = average profit
- C. price = marginal costs = minimum average total costs
- D. price = minimum average variable costs Also asked in: Bank Exams
Correct Answer: price = marginal costs = minimum average total costs
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