Indian Economy Questions

Q:

Redistribution of income in a country can be brought about through

A) Progressive taxation combined with progressive expenditure B) Progressive taxation combined with regressive expenditure
C) Regressive taxation combined with regressive expenditure D) Regressive taxation combined with progressive expenditure
 
Answer & Explanation Answer: A) Progressive taxation combined with progressive expenditure

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Q:

What was the major decision that took place in 1987 Montreal Conference?

A) Developed countries will completely ban CFC production by 2000 B) Developed countries will completely ban CFC production by 2010
C) Developing countries will completely ban CFC production by 2000 D) Developing countries will completely ban CFC production by 2020
 
Answer & Explanation Answer: A) Developed countries will completely ban CFC production by 2000

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Q:

Lowering of value of currency relative to a foreign reference currency is called _________.

A) Devaluation B) Revaluation
C) Down valuation D) Negative valuation
 
Answer & Explanation Answer: A) Devaluation

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Q:

National Income of India is compiled by

A) Finance Commission B) Indian Statistical Institute
C) National Development Council D) Central Statistical Organization
 
Answer & Explanation Answer: D) Central Statistical Organization

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Q:

A binding price ceiling is designed to

A) keep prices low B) increase efficiency
C) increase the quality of the good D) prevent shortages
 
Answer & Explanation Answer: A) keep prices low

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Q:

If the break­even quantity for a factory whose variable cost of manufacturing a cell is Rs. 15 and selling price is Rs. 24 is 2,400 units, find the fixed cost of the factory?

A) Rs. 21600 B) Rs. 36000
C) Rs. 57600 D) Rs. 14400
 
Answer & Explanation Answer: A) Rs. 21600

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Q:

The best solution for overcoming the evil effects of small and uneconomic holdings is: ___________.

A) urbanization of rural population B) using capital intensive technology
C) co-operative farming D) rapid industrialization
 
Answer & Explanation Answer: C) co-operative farming

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Q:

SEBI is ___________.

A) Constitutional body B) advisory body
C) statutory body D) non-statutory body
 
Answer & Explanation Answer: C) statutory body

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