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 Indian Economy Questions

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Q:

India nationalised 14 major commercial banks in 1969 with deposits not less than 

A) Rs. 10 crore each B) Rs. 25 crore each
C) Rs. 50 crore each D) Rs. 100 crore each
 
Answer & Explanation Answer: C) Rs. 50 crore each

Explanation:
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Q:

For an inferior good demand falls when _________.

 

A) Piece rise   B) Price falls  
C) Income rise   D) Income falls  
 
Answer & Explanation Answer: C) Income rise  

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Q:

The agricultural price support program is an example of ___________.

 

A) a price ceiling B) a price floor
C) equilibrium pricing D) No option is correct
 
Answer & Explanation Answer: B) a price floor

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Q:

Which of the following is correctly matched with regard of thermal power projects

A) Korba - Uttar Pradesh B) Ramagundam - Tamil Nadu
C) Talchar - Andhra Pradesh D) Kawas - Gujarat
 
Answer & Explanation Answer: D) Kawas - Gujarat

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Q:

The annual percentage rate on a credit card determines

 

A) The amount of money you still owe to the credit card company B) Money you withdrawn from the credit card
C) Total transactions done throughout the year D) The amount of interest you are charged on credit card purchases
 
Answer & Explanation Answer: D) The amount of interest you are charged on credit card purchases

Explanation:

The annual percentage rate (APR) on a credit card determines the amount of interest you are charged on credit card purchases.

 

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Q:

Which of these is the best description of fixed expenses?

 

A) Insurance B) Payment on loans
C) Rent D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

Fixed expenses are those expenses that do not change when there is a change in production or sales level.

 

Examples of Fixed Expenses are rent, insurance, payment on loans, salaries, advertising, etc...

 

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Q:

The concept of Economic planning in India is derived from ________.

A) Russia B) Australia
C) USA D) UK
 
Answer & Explanation Answer: A) Russia

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Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk

20 9289
Q:

Which among the following is the exclusive jurisdiction of the State Government ?

A) Sales Tax B) Custom Duty
C) Income Tax D) Corporation Tax
 
Answer & Explanation Answer: A) Sales Tax

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