Indian Economy problems
- 1. Short run marginal cost curve cuts the average variable cost curve from _______ at the minimum point of average variable cost.
Options- A. top
- B. below
- C. right
- D. left Also asked in: Bank Exams
Correct Answer: below
- 2. "Forests" is listed in the __________ list given in the Seventh Schedule in the Constitution of India.
Options- A. Union
- B. State
- C. Global
- D. Concurrent Also asked in: Bank Exams
Correct Answer: Concurrent
- 3. Match the characteristics with their market structure: (a) Firm has control over quantity of output but it must take into account reactions of competitors. b) Firm will tend to set output so that it earns maximum profits.
Options- A. (a) Oligopoly, (b) Pure competition
- B. (a) Monopolistic competition, (b) Oligopoly
- C. (a) Pure Monopoly, (b) Pure competition
- D. (a) Oligopoly, (b) Pure Monopoly Also asked in: Bank Exams
Correct Answer: (a) Oligopoly, (b) Pure Monopoly
- 4. The short run average cost curve is ____ shaped.
Options- A. U
- B. V
- C. X
- D. W Also asked in: Bank Exams
Correct Answer: U
- 5. In December 2017, Mid-Term Review of the Foreign Trade Policy (FTP) was released. The review announced how much percent increase each in incentive rates of Merchandise Exports from India Scheme and Services Export from India Scheme?
Options- A. 5%
- B. 10%
- C. 2%
- D. 15% Also asked in: Bank Exams
Correct Answer: 2%
- 6. Market imperfections of a country are reflected in___________.
Options- A. price rigidity
- B. factor immobility
- C. lack of specialization
- D. All options are correct Also asked in: Bank Exams
Correct Answer: All options are correct
- 7. SEBI is ___________.
Options- A. Constitutional body
- B. advisory body
- C. statutory body
- D. non-statutory body Also asked in: Bank Exams, CAT
Correct Answer: statutory body
- 8. What was the Gross Domestic Product (GDP) for India in 2016-17 Financial Year?
Options- A. 6.10%
- B. 7.10%
- C. 8.10%
- D. 6.70% Also asked in: Bank Exams
Correct Answer: 7.10%
- 9. If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.
Options- A. Perfect Competition
- B. Monopoly
- C. Oligopoly
- D. Monopolistic Competition Also asked in: Bank Exams
Correct Answer: Monopoly
- 10. The short run marginal cost curve is ____ shaped.
Options- A. U
- B. V
- C. X
- D. W Also asked in: Bank Exams
Correct Answer: U
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