Economics involves marginal analysis because

Q:

On January 3, 2018, RBI initiated ‘PCA’ against the Allahabad Bank. How many public sector banks have been covered under ‘PCA’?

A) 18	B) 17
C) 11	D) 15

Answer & Explanation Answer: C) 11

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Q:

An increase in the money supply will cause interest rates to ___________.

A) rise	B) fall
C) remain unchanged	D) No option is correct.

Answer & Explanation Answer: B) fall

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Q:

SEBI is evaluating whether ICO (Initial Coin Offerings) can be brought under its purview. ICO is related to ______.

A) Dollars	B) Pounds
C) Rupees	D) Cyptocurrency

Answer & Explanation Answer: D) Cyptocurrency

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Q:

In January 2018, ‘Electoral Bonds’ Scheme was launched. Under this scheme, the electoral bonds will be available at specified branches of _____.

A) Bank of Baroda	B) State Bank of India
C) Punjab National Bank	D) Bank of India

Answer & Explanation Answer: B) State Bank of India

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Q:

In which area is the public sector most dominant in India?

A) Organised term lending financial instistutions	B) Transport
C) Commerical banking	D) Steel production

Answer & Explanation Answer: C) Commerical banking

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Q:

India was ranked at which place among emerging economies on Inclusive Development Index (IDI-2018) released by World Economic Forum (WEF)?

A) 26th	B) 47th
C) 62nd	D) 81st

Answer & Explanation Answer: C) 62nd

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Q:

What was the major decision that took place in 1987 Montreal Conference?

A) Developed countries will completely ban CFC production by 2000	B) Developed countries will completely ban CFC production by 2010
C) Developing countries will completely ban CFC production by 2000	D) Developing countries will completely ban CFC production by 2020

Answer & Explanation Answer: A) Developed countries will completely ban CFC production by 2000

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Q:

Which of the following should always be balanced in the foreign trade of India?

A) Balance of Trade	B) Balance of Paymen
C) Balance of Current Account	D) No option is correct

A) marginal benefits always exceed marginal costs	B) much economic behavior is irrational
C) most decisions involve changes from the present situation	D) marginal costs always exceed marginal benefits

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