Sawaal

 Indian Economy Questions

Popular Latest Rated
Q:

A company faces a -2.5 price elasticity of demand for its product. It is presently selling 10,000 units/month. If it wants to increase quantity sold by 6%, it must lower its price by

A) 3.50% B) 15%
C) 2.50% D) 2.40%
 
Answer & Explanation Answer: D) 2.40%

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT

0 923
Q:

If the average total cost are Rs 54, average variable cost is Rs 36 and quantity produced is 2500 units, find the total fixed costs (in Rs) of the firm?

A) 30000 B) 15000
C) 45000 D) 60000
 
Answer & Explanation Answer: C) 45000

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

4 917
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

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 911
Q:

A recurring theme in economics is that people:

A) Can increase resources by limiting their economic wants B) Have unlimited resources, but limited economic wants
C) Have unlimited economic wants, but limited resources D) Have limited economic wants and limited resources
 
Answer & Explanation Answer: C) Have unlimited economic wants, but limited resources

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT

1 910
Q:

Find the similarity among the following: Makar Sankranthi, Pongal, Lohri, Baisakhi

A) All are festivals of North India B) All are names of harvest festivals
C) All are festivals celebrated in the month of January D) There is no similarity at all
 
Answer & Explanation Answer: B) All are names of harvest festivals

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy

0 907
Q:

In perfect competition a firm maximizes profit by _____.

A) setting price such that price is equal to or greater than its marginal costs B) setting output such that price equals average total costs
C) setting output such that price equals marginal costs D) setting price so that it is greater than marginal cost
 
Answer & Explanation Answer: C) setting output such that price equals marginal costs

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

1 906
Q:

The APC can be defined as the fraction of a:

A) change in income that is not spent. B) change in income that is spent.
C) specific level of total income that is not consumed. D) specific level of total income that is consumed.
 
Answer & Explanation Answer: D) specific level of total income that is consumed.

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 905
Q:

Graphical analysis of tariffs reveals that

A) they benefit domestic consumers at the expense of domestic producers. B) revenue gains outweigh the costs to domestic consumers.
C) they increase domestic production of the good for which imports face tariffs. D) although the benefits are not shared equally, everyone in the domestic economy benefits from tariffs
 
Answer & Explanation Answer: C) they increase domestic production of the good for which imports face tariffs.

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 905