Sawaal
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
Related Questions
Q:

Which one of the following is not an instrument of credit control in India?

A) Rationing of credit B) Direct Action
C) Open Market operations D) Variable cost reserve ratios
 
Answer & Explanation Answer: D) Variable cost reserve ratios

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1 1206
Q:

Which amongst the following is not a component of monetary policy in India?

A) Repo rate B) Moral suasion
C) Credit Rationing D) Public Debt
 
Answer & Explanation Answer: D) Public Debt

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1 1962
Q:

Which among the following is not an account under Balance of Payment?

A) Current Account B) Capital Account
C) Official Reserves Account D) Unilateral Payments Account
 
Answer & Explanation Answer: C) Official Reserves Account

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0 873
Q:

Which among the following sponsors Regional Rural Banks (RRB'S)?

A) Reserve Bank of India B) Foreign Banks
C) National Commercial Banks D) Co-Operative Banks
 
Answer & Explanation Answer: C) National Commercial Banks

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2 873
Q:

When there is only one buyer and one seller of product, it is called _____ situation.

A) Public monopoly B) Bilateral monopoly
C) Franchised monopoly D) Monopsony
 
Answer & Explanation Answer: B) Bilateral monopoly

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0 826
Q:

Which one of the following is also regarded as Disguised unemployment?

A) Underemployment B) Frictional unemployment
C) Seasonal unemployment D) Cyclical unemployment
 
Answer & Explanation Answer: A) Underemployment

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0 876
Q:

In which market form, a market or an industry is dominated by a single seller?

A) Oligopoly B) Monopoly
C) Duopoly D) Monopolistic Competition
 
Answer & Explanation Answer: B) Monopoly

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1 839
Q:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to 

A) improve B) diminish
C) remain constant D) first diminish and then improve
 
Answer & Explanation Answer: B) diminish

Explanation:

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

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