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 Indian Economy Questions

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Q:

The term market in economics refers to

Answer

The term market in economics refers to the place or arrangement where the buyers and sellers come to contact directly or indirectly for buying and selling goods. Market refers to not a specific or particular place it is the place for commodities..


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

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Q:

Deficit financing implies

A) replacing new currency with worn out currency B) public revenue in excess of public expenditure
C) printing new currency notes D) public expenditure in excess of public revenue
 
Answer & Explanation Answer: D) public expenditure in excess of public revenue

Explanation:

Deficit financing implies public expenditure in excess of public revenue.

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

1 1353
Q:

"GDP price index" measures changes in the

A) Amount of resources available in the nation B) Value of final output produced in the nation
C) Cost of resources employed in the nation D) Prices of the output produced in the nation
 
Answer & Explanation Answer: B) Value of final output produced in the nation

Explanation:

"GDP price index" measures changes in the value of final output produced in the nation.

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

0 1316
Q:

If expenses are paid in cash then

A) assets will decrease. B) assets will increase.
C) liabilities will decrease. D) stockholders' equity will increase.
 
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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1314
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

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

1 1306
Q:

One of the following is 'Labour' in Economics.

A) A Musician performing for a benefit fund B) A Painter working for his own pleasure
C) Reading a book as a hobby D) A Mother teaching her own son
 
Answer & Explanation Answer: A) A Musician performing for a benefit fund

Explanation:
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Q:

According to the report by the Commerce Ministry ‘Logistics Ease Across Different States (LEADS)’, which of the following state has topped the Logistic Index Chart?

A) Maharashtra B) Andhra Pradesh
C) Gujarat D) Karnataka
 
Answer & Explanation Answer: C) Gujarat

Explanation:

According to the report by the Commerce Ministry ‘Logistics Ease Across Different States (LEADS)’, Gujarat has topped the Logistic Index Chart, an indicator of the efficiency of logistics services necessary for promoting exports in particular, and economic growth in general. Gujarat is followed by Punjab, Andhra Pradesh, Karnataka and Maharashtra on the index.

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0 1295
Q:

The average product curve are inverse ____ shaped.

A) X B) W
C) V D) U
 
Answer & Explanation Answer: D) U

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

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