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 of the following statements about taxes is false?

A) Some states don’t collect income tax B) Taxes at the local, state and federal level are all equal
C) Taxes are collected at the local, state and federal level D) Some states don’t collect sales tax
 
Answer & Explanation Answer: A) Some states don’t collect income tax

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4 1547
Q:

The concept of net domestic investment refers to

A) the difference between the market value and book value of outstanding capital stock. B) total investment less the amount of investment goods used up in producing the year's output.
C) the amount of machinery and equipment used up in producing the GDP in a specific year. D) gross domestic investment less net exports.
 
Answer & Explanation Answer: B) total investment less the amount of investment goods used up in producing the year's output.

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0 1947
Q:

If intermediate goods and services were included in GDP

A) the price level may change over time. B) the GDP would be overstated.
C) the price level rose by more than nominal GDP. D) All of the above
 
Answer & Explanation Answer: B) the GDP would be overstated.

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0 1551
Q:

Through specialization and international trade, a nation

A) will attain some combination of goods lying inside its production possibilities curve B) will shift its production possibilities curve towards left
C) can attain some combination of goods lying outside its production possibilities curve D) will shift its production possibilities curve towards right
 
Answer & Explanation Answer: C) can attain some combination of goods lying outside its production possibilities curve

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0 1485
Q:

The demand curve shows the relationship between

A) good price and the service B) quantity demanded and the price of the good
C) quality and quantity of the good D) quality and price of the good
 
Answer & Explanation Answer: B) quantity demanded and the price of the good

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0 1386
Q:

The goal of a market economy is to

A) equity B) security
C) Both A & B D) None of the above
 
Answer & Explanation Answer: A) equity

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1 2028
Q:

The largest component of GDP is

A) income B) wages
C) consumption D) imports
 
Answer & Explanation Answer: C) consumption

Explanation:

Consumption is the largest component of GDP.

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1 1444
Q:

Which of the following statements about GDP is correct?

A) Nominal GDP values production at constant prices, whereas real GDP values production at current prices. B) Nominal GDP values production at market prices, whereas real GDP values production at the cost of the resources used in the production process.
C) Nominal GDP consistently underestimates the value of production, whereas real GDP consistently overestimates the value of production. D) Nominal GDP values production at current prices, whereas real GDP values production at constant prices.
 
Answer & Explanation Answer: D) Nominal GDP values production at current prices, whereas real GDP values production at constant prices.

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3 2911