Indian Economy Questions

Q:

In national income accounting, government purchases include

A) Federal B) Local
C) State D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

In national income accounting, government purchases by Local, State and Federal governments.

Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

1 1937
Q:

The law of demand states that other things equal

A) as the price increases, the quantity demanded will decrease. B) as the price increases, the quantity demanded will increase.
C) as the price decreases, the demand curve will shift to the right. D) as the price increases, the demand will decrease.
 
Answer & Explanation Answer: A) as the price increases, the quantity demanded will decrease.

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams , AIEEE , CAT
Job Role: Analyst , Bank Clerk , Bank PO

1 1930
Q:

The greater is the marginal propensity to consume, the

A) lower is the price level B) smaller is the marginal propensity to save
C) lower is the average propensity to consume D) higher is the interest rate
 
Answer & Explanation Answer: B) smaller is the marginal propensity to save

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

1 1927
Q:

What does the APR on a credit card determine?

A) fee paid by bank for deposits B) fee paid for borrowing money
C) Both A & B D) None of the above
 
Answer & Explanation Answer: B) fee paid for borrowing money

Explanation:

A credit card's interest rate is the price you pay for borrowing money. For credit cards, the interest rates are typically stated as a yearly rate. This is called the annual percentage rate (APR). On most cards, you can avoid paying interest on purchases if you pay your balance in full each month by the due date.

APR1531898775.jpg image

Your APR is expressed in terms of a year, but credit card companies use it to calculate charges over your monthly statement period.

apr_(1)1531898786.jpg image

Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

4 1914
Q:

How long is your TABC certification valid?

A) 1 year B) 2 years
C) 4 years D) 6 months
 
Answer & Explanation Answer: B) 2 years

Explanation:

TABC stands for Texas Alcoholic Beverage Commission. The Texas Alcoholic Beverage Commission regulates the sales, taxation, production, trade, and advertising of alcoholic beverages in Texas. Alcohol Seller/server Training regulated by this regulatory body is also called TABC Certification. It makes the rules the rest of us have to follow, and if you want to get a job serving alcohol in Texas, getting TABC certified is your first step.

Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

1 1911
Q:

The most common economic system in the world is a

A) Mixed B) Command
C) Planned D) Market
 
Answer & Explanation Answer: A) Mixed

Explanation:

Mixed economy is the most common economic system in the world.

Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

0 1902
Q:

To the economist, total cost includes

A) neither implicit nor explicit costs. B) implicit, but not explicit, costs.
C) explicit, but not implicit, cost. D) explicit and implicit costs.
 
Answer & Explanation Answer: D) explicit and implicit costs.

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

0 1889
Q:

Production costs to an economist

A) reflect opportunity costs B) consist only of explicit costs
C) always reflect monetary outlays D) never reflect monetary outlays
 
Answer & Explanation Answer: A) reflect opportunity costs

Explanation:

Production costs to an economist reflect opportunity costs.

Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

2 1862