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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:

The goal of a command economy is to

A) create equality within a society B) mixed-market
C) Both A & B D) None of the above
 
Answer & Explanation Answer: A) create equality within a society

Explanation:
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3 1644
Q:

In calculating the GDP national income accountants

A) add increases in inventories or subtract decreases in inventories B) add exports, but subtract imports
C) Both A & B D) None of the above
 
Answer & Explanation Answer: A) add increases in inventories or subtract decreases in inventories

Explanation:
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1 1557
Q:

Consumer surplus arises in a market because

A) some consumers are willing to pay more than the equilibrium price but do not need to do so B) some consumers are willing to pay less than the equilibrium price but do not need to do so
C) at market price, the quantity demanded is less than the quantity supplied D) at market price, the quantity demanded is greater than the quantity supplied
 
Answer & Explanation Answer: A) some consumers are willing to pay more than the equilibrium price but do not need to do so

Explanation:
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1 1539
Q:

Economic growth is measured by

A) % of GDP B) % of NDP
C) % of expenditure D) % of percapita income
 
Answer & Explanation Answer: A) % of GDP

Explanation:

Economic growth is measured by the percentage of gross domestic product. GDP refers to the total value of goods and services produced in the country.

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3 1648
Q:

Poverty level in india is estimated on the basis of

A) Household consumer expenditure B) Slum population in the country
C) Per capita income in different States D) Household average income
 
Answer & Explanation Answer: A) Household consumer expenditure

Explanation:
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0 2019
Q:

A decrease in the price level will

A) result in a movement downward along the aggregate demand curve B) shift the aggregate demand curve to the right
C) result in a movement upward along the aggregate demand curve D) shift the aggregate demand curve to the left
 
Answer & Explanation Answer: A) result in a movement downward along the aggregate demand curve

Explanation:
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1 1370
Q:

An increase in demand means that

A) the demand curve shifts to the right B) consumers desire a greater quantity
C) Both A & B D) None of the above
 
Answer & Explanation Answer: C) Both A & B

Explanation:

An increase in demand means that the demand curve shifts to the right, and hence quantity demanded will be high at each price.

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1 1305
Q:

Which of the following is classified as working capital?

A) currents assets B) current liabilities
C) Both A & B D) current assets - current liabities
 
Answer & Explanation Answer: D) current assets - current liabities

Explanation:

Working capital, also known as net working capital, is the difference between a company’s current assets, like cash, accounts receivable and inventories of raw materials and finished goods, and its current liabilities, like accounts payable.

 

Working Capital = Current Assets - Current Liabilities

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