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 Indian Economy Questions

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Q:

Economic planning in India is in____

A) Union List B) State list
C) Concurrent List D) None
 
Answer & Explanation Answer: C) Concurrent List

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0 1112
Q:

Depreciation is loss in value of ________

A) Final goods B) Machinery
C) Capital stock D) Stock of inventory
 
Answer & Explanation Answer: B) Machinery

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Exam Prep: Bank Exams

0 1109
Q:

Which among the following sponsors Regional Rural Banks (RRB'S)?

A) Reserve Bank of India B) Foreign Banks
C) National Commercial Banks D) Co-Operative Banks
 
Answer & Explanation Answer: C) National Commercial Banks

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2 1105
Q:

If demand curve for radial car tyres is D = 230000 ­ 19P and supply curve is S = 180000 + 6P, find the equilibrium Quantity?

A) 19200 units B) 291000 units
C) 29100 units D) 192000 units
 
Answer & Explanation Answer: D) 192000 units

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1 1104
Q:

Which among the following is the difference in valuebetween a countrys imports and exports?

A) Balance of Trade B) Balance of Payment
C) Balance of power D) Credit Balance
 
Answer & Explanation Answer: A) Balance of Trade

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0 1103
Q:

Disguised unemployment in India is mainly related to

A) Agricultural sector B) Rural Area
C) Factory sector D) Urban Area
 
Answer & Explanation Answer: A) Agricultural sector

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0 1102
Q:

When some goods or productive factors are completely fixed in amount, regardless of price, the supply curve is

A) horizontal B) downward sloping to the right
C) vertical D) upward sloping to the right
 
Answer & Explanation Answer: D) upward sloping to the right

Explanation:

Although demand curves are typically downward sloping to reflect that consumers’ utility for a good diminishes with increased consumption, firm supply curves are generally upward sloping.The upward sloping character reflects that firms will be willing to increase production in response to a higher market price because the higher price may make additional production profitable.

 

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0 1094
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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