2
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

Answer:   B) Balance of Paymen



Explanation:
Subject: Indian Economy
Exam Prep: Bank Exams
Q:

Redistribution of income in a country can be brought about through

A) Progressive taxation combined with progressive expenditure B) Progressive taxation combined with regressive expenditure
C) Regressive taxation combined with regressive expenditure D) Regressive taxation combined with progressive expenditure
 
Answer & Explanation Answer: A) Progressive taxation combined with progressive expenditure

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 919
Q:

A motion that seeks to reduce the amount of demand presented by government to Rs. 1/- is known as

A) Disapproval of policy Cut B) Token cut
C) Economy cut D) Vote on account
 
Answer & Explanation Answer: A) Disapproval of policy Cut

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 841
Q:

An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.

A) same B) higher
C) lower D) minimum
 
Answer & Explanation Answer: A) same

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 663
Q:

Which of the following sets of taxes belongs to Central Government?

A) Excise duty, Sales tax and Custom duty B) Income tax, Custom duty and House tax
C) Excise duty, Custom duty and Income tax D) Custom duty, Entertainment tax and Income tax
 
Answer & Explanation Answer: C) Excise duty, Custom duty and Income tax

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 632
Q:

An indifference curve measures the same level of ___________

A) Output from two factors B) Satisfaction from two commodities
C) Satisfaction from Income and Capital D) Satisfaction from expenditure and savings
 
Answer & Explanation Answer: B) Satisfaction from two commodities

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 579
Q:

The basis of determining dearness allowance to employees in India is ____________

A) National Income B) Consumer Price Index
C) Standard of Living D) Inflation Rate
 
Answer & Explanation Answer: B) Consumer Price Index

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 809
Q:

Which of the following brings out the 'Consumer Price Index Number' for Industrial workers?

A) RBI B) The Labour Bureau
C) Commerce Department D) NITI Ayog
 
Answer & Explanation Answer: B) The Labour Bureau

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 675
Q:

Who is the Chief Economic Advisor to the Government of India?

A) Raghu Ram Rajan B) Arvind Subramanian
C) Rajiv Mahirishi D) Arvind Pangariya
 
Answer & Explanation Answer: B) Arvind Subramanian

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 833