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 Indian Economy Questions

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Q:

Match the characteristics with their market structure:

(a) MR = MP
(b) Elasticity of demand depends on pricing policies of rivals

 

A) (a) Pure Monopoly, (b) Monopolistic competition B) (a) Pure competition, (b) Oligopoly
C) (a) Pure competition, (b) Pure Monopoly D) (a) Pure Monopoly, (b) Oligopoly
 
Answer & Explanation Answer: B) (a) Pure competition, (b) Oligopoly

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 12846
Q:

The train service Thar Express between India and Pakistan, originates in India from

A) Jaisalmer B) Jodhpur
C) Bikaner D) Barmer
 
Answer & Explanation Answer: D) Barmer

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23 12657
Q:

Hindu rate of growth refers to the rate of growth of

A) GDP B) Population
C) Foodgrains D) Per captain income
 
Answer & Explanation Answer: A) GDP

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21 12595
Q:

The purpose of land reforms was to achieve ___________.

 

A) increase in production B) increase the purchasing power of the rural population
C) ensure distributive justice with economic growth D) All options are correct
 
Answer & Explanation Answer: D) All options are correct

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Exam Prep: Bank Exams

1 12041
Q:

Match the characteristics with their market structure:

(a) Differentiated products, but close substitutes for consumers so their demand curves are elastic
(b) Homogeneous product, all goods are perfect substitutes for consumers

A) (a) Monopolistic Competition, (b) Pure Competition B) (a) Monopolistic Competition, (b) Pure Monopoly
C) (a) Pure Monopoly, (b) Pure Competition D) (a) Pure Monopoly, (b) Pure Competition
 
Answer & Explanation Answer: A) (a) Monopolistic Competition, (b) Pure Competition

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Exam Prep: Bank Exams

1 11929
Q:

The term 'mixed economy' denoted

A) existence of both rural and urban sectors B) existence of both private and public sectors
C) existence of both heavy and small industries D) existence of both developed and underdeveloped sectors
 
Answer & Explanation Answer: B) existence of both private and public sectors

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15 11835
Q:

Visible and invisible items of debit and credit are the part of___________.

 

A) import-export policy B) balance of payment
C) balance of trade D) annual budget
 
Answer & Explanation Answer: B) balance of payment

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Exam Prep: Bank Exams

0 11832
Q:

States earn maximum revenue through

A) excise duties B) commercial taxes
C) land revenue D) custom revenue
 
Answer & Explanation Answer: B) commercial taxes

Explanation:

States_earn_maximum_revenue_through1556278854.jpg image

 

States earn maximum revenue through commercial taxes. 

 

Commercial Tax is a form of sales tax, now referred to as GST(Goods and Service Tax) in India. It is levied on all kinds of commercial goods and services.

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Filed Under: Indian Economy
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