Indian Economy Questions

Q:

In India all of the following are sources for government revenue, except?

A) Agricultural income tax B) Anti dumping duty
C) Perquisite tax D) Toll tax
 
Answer & Explanation Answer: A) Agricultural income tax

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 879
Q:

Which of the following Article of Indian Constitution deals with the Right to Equality before Law?

A) Article ­ 13 B) Article ­ 14
C) Article ­ 15 D) Article ­ 17
 
Answer & Explanation Answer: B) Article ­ 14

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy

1 878
Q:

In which of the following case, law of demand fails?

A) Giffen goods B) Normal goods
C) Inferior goods D) Both Giffen and Inferior goods
 
Answer & Explanation Answer: A) Giffen goods

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy

0 872
Q:

Which answer figure will complete the pattern?

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

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

1 872
Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods B) Normal goods
C) Complementary goods D) Substitute goods
 
Answer & Explanation Answer: A) Inferior goods

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

1 872
Q:

The market for sugar is in equilibrium. If the supply of sugar increases, the equilibrium price of sugar will ________ and the equilibrium quantity will _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: D) decrease; increase

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 870
Q:

If quantity of good X demanded increases from 2300 to 2700 when price of good Y increases from Rs. 45 to Rs. 55, find Arc Cross elasticity of demand?

A) 4 B) 1.25
C) 0.25 D) 0.8
 
Answer & Explanation Answer: D) 0.8

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 868
Q:

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the average revenue is zero.

A) Perfect Competition B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: A) Perfect Competition

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 866