2
Q:

The Income elasticity demand for farm products is

A) High in India B) No demand at all
C) Very low in India D) High supply and no demand

Answer:   C) Very low in India



Explanation:

Income easticity of demand measures the responsiveness of demand for any goods to changes in income. With increase in incomes generally the demand for farm products like rice wheat etc, will not change drastically. With income increase, demand for luxuries such as consumer durables etc will increase. The income elasticity  of demand for farm products is thus low.

Subject: Indian Economy
Q:

Which Rating agency has projected India’s GDP growth rate to 6.9 percent for the financial year 2017-18 ?

A) NOMURA B) ONICRA
C) FITCH D) ICRA
 
Answer & Explanation Answer: C) FITCH

Explanation:
Report Error

View Answer Workspace Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

8 129
Q:

India Ratings has lowered India's growth forecast for the current fiscal to ________ from 7.4 per cent.

A) 6.3 per cent B) 6.6 per cent
C) 6.7 per cent D) 6.4 per cent
 
Answer & Explanation Answer: C) 6.7 per cent

Explanation:
Report Error

View Answer Workspace Report Error Discuss

Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

11 64
Q:

Which Bank has launched 'Project Nishchay' in partnership with The Boston Consulting Group (BCG) ?

A) SBI B) Dena Bank
C) IDBI Bank D) Yes Bank
 
Answer & Explanation Answer: C) IDBI Bank

Explanation:

IDBI Bank has launched 'Project Nishchay' in partnership with The Boston Consulting Group (BCG) to accelerate its turnaround programme and improve financial performance.

Report Error

View Answer Workspace Report Error Discuss

Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

5 186
Q:

Which country has replaced China as the top retail destination in 2017 Global retail development index ?

A) Russia B) India
C) Japan D) USA
 
Answer & Explanation Answer: B) India

Explanation:
Report Error

View Answer Workspace Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

6 150
Q:

According to Nomura's Report, India’s GDP growth rate is expected to be around _________ in the financial year 2017-18.

A) 7.6% B) 7.3%
C) 7.8% D) 7.1%
 
Answer & Explanation Answer: D) 7.1%

Explanation:
Report Error

View Answer Workspace Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

5 238