Indian Economy problems
- 1. Which of the following is called GDP Deflator?
Options- A. Ratio of nominal to real GDP
- B. Ratio of nominal to real GNP
- C. Ratio of nominal to real CPI
- D. Ratio of real to nominal GNP Also asked in: Bank Exams
Correct Answer: Ratio of nominal to real GDP
- 2. What does indifference curve represent?
Options- A. Levels of Income and Capital
- B. Satisfaction derived from two goods
- C. Income from two businesses
- D. Relationship between expenditure and savings Also asked in: Bank Exams
Correct Answer: Satisfaction derived from two goods
- 3. Which tax causes a burden on the poorer section of the society?
Options- A. Direct Tax
- B. Indirect Tax
- C. Both Direct and Indirect Tax
- D. None of these Also asked in: Bank Exams
Correct Answer: Indirect Tax
- 4. In ____________, the short run equilibrium results in quantity produced being lesser and prices being higher compared to perfect competition.
Options- A. Monopsony
- B. Monopoly
- C. Oligopoly
- D. Monopolistic Competition Also asked in: Bank Exams
Correct Answer: Monopolistic Competition
- 5. The average product curve are inverse ____ shaped.
Options- A. X
- B. W
- C. V
- D. U Also asked in: Bank Exams
Correct Answer: U
- 6. In which of the following types of economy are the factors of production owned individually?
Options- A. Capitalist
- B. Socialist
- C. Mixed
- D. Both Capitalist and Socialist Also asked in: Bank Exams
Correct Answer: Capitalist
- 7. India was able to achieve the fiscal deficit target for the Financial Year 2016-17. It was how much percent of GDP?
Options- A. 3.50%
- B. 4.20%
- C. 3.00%
- D. 2.50% Also asked in: Bank Exams
Correct Answer: 3.50%
- 8. If demand curve for house cleaning services is D = 45000 - 21P and supply curve is S = 15000 + 9P, find the equilibrium Quantity?
Options- A. 12000 units
- B. 6000 units
- C. 24000 units
- D. 30000 units Also asked in: Bank Exams
Correct Answer: 24000 units
- 9. Goods whose demand is proportional to price are called
Options- A. inferior goods
- B. Veblen goods
- C. normal goods
- D. exclusive goods Also asked in: Bank Exams
Correct Answer: Veblen goods
- 10. The modern economy is NOT characterized by ___________.
Options- A. self-sufficient village system
- B. development of money economy
- C. capital intensive mode of production
- D. production for market Also asked in: Bank Exams
Correct Answer: self-sufficient village system
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