Indian Economy problems
- 1. ____________ is the relationship between the variable input and output, keeping all other inputs are held constant.
Options- A. Total product
- B. Average product
- C. Isoquant
- D. The Long Run Also asked in: Bank Exams
Correct Answer: Total product
- 2. From which of the following, is the GDP of a country not derived from?
Options- A. Agricultural sector
- B. Industrial sector
- C. International sector
- D. Service sector Also asked in: Bank Exams
Correct Answer: International sector
- 3. The __________ exchange rate is the price of one unit of foreign currency in terms of domestic currency.
Options- A. Artificial
- B. Nominal
- C. Fixed
- D. Real Also asked in: Bank Exams
Correct Answer: Nominal
- 4. __________ of an input is defined as the change in output per unit of change in the input when all other inputs are held constant.
Options- A. Marginal product
- B. Production function
- C. Total product
- D. Average product Also asked in: Bank Exams
Correct Answer: Marginal product
- 5. 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
- 6. 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%
- 7. The best solution for overcoming the evil effects of small and uneconomic holdings is: ___________.
Options- A. urbanization of rural population
- B. using capital intensive technology
- C. co-operative farming
- D. rapid industrialization Also asked in: Bank Exams
Correct Answer: co-operative farming
- 8. Economic liberalization in India started with ___________.
Options- A. substantial changes in industrial licensing policy
- B. convertibility of Indian rupee
- C. doing away with procedural formalities for foreign direct investment
- D. significant reduction in tax rates Also asked in: Bank Exams
Correct Answer: substantial changes in industrial licensing policy
- 9. A 'Market Economy' is one which
Options- A. is controlled by the Government
- B. is free from the Government control
- C. in influenced by international market forces
- D. All of these Also asked in: Bank Exams
Correct Answer: is free from the Government control
- 10. Who is the Chief Economic Advisor to the Government of India?
Options- A. Raghu Ram Rajan
- B. Arvind Subramanian
- C. Rajiv Mahirishi
- D. Arvind Pangariya Also asked in: Bank Exams
Correct Answer: Arvind Subramanian
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