3
Q:

Which of the following is a project to develop watersheds in India

A) DRDO B) CARE
C) AVARD D) NWDPRA

Answer:   D) NWDPRA



Explanation:
Subject: Indian Economy
Q:

Total Output is a synonym for

A) aggregate demand B) gross domestic product
C) aggregate supply D) equilibrium
 
Answer & Explanation Answer: C) aggregate supply

Explanation:

Total Output is a synonym for Aggregate supply or Initial production.

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4 97
Q:

The single-step income statement emphasizes

A) the various components of income from continuing operations B) extraordinary items and accounting changes more than these are emphasized in the multiple-step income statement
C) total revenues and total expenses D) the gross profit figure
 
Answer & Explanation Answer: C) total revenues and total expenses

Explanation:

The single-step income statement emphasizes


1. total revenues and total expenses.

2. Revenues

3. Expenses

4. Net income

The primary advantage of the single step fromat lies in its simple presentation and the absence of any implication that one type of revenue or expense item has priority over another.

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4 167
Q:

Which of the following is not a Fixed Cost?

A) Insurance B) Salaries
C) Depreciation D) Direct Materials
 
Answer & Explanation Answer: D) Direct Materials

Explanation:

Direct Materials doesn't come under Fixed Cost because it vary with changes in the activity level of a business.

Fixed Cost :

A fixed cost is a cost that does not change over the short-term, even if a business experiences changes in its sales volume or other activity levels.

It is of some importance to understand the extent and nature of the fixed costs in a business, since a high fixed-cost level requires a business to maintain a high revenue level in order to avoid generating losses.

Examples of Fixed Cost are:

Insurance, Salaries, Rent, Property Taxes,...

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4 159
Q:

The Largest Component of National Income is

A) Proprietors Income B) Compensation of Employees
C) Corporate Profits D) Rental Income
 
Answer & Explanation Answer: B) Compensation of Employees

Explanation:

National Income is the total income value of the goods and services produced by the residents of a country, usually during the period of one year.

National Income is categorized into 6 components. They are :

1. Compensation of Employees (Wages and Benefits)
2. Corporate Profits
3. Rental Income
4. Proprietors Income (Income of unincorporated business)
5. Net Interest

The Largest Component of National Income is Compensation of Employees.

 

The Largest component of National Income in India is Service Sector.

 

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6 183
Q:

Fiscal Policy is concerned with

A) Government Spending and Taxation B) Money Supply
C) Government Spending, Money Supply and Taxation D) Taxation
 
Answer & Explanation Answer: A) Government Spending and Taxation

Explanation:

The two most widely recognized tools used to influence a Nation's Economic activity are Monetary policy and Fiscal policy.

 

    • Monetary policy is primarily concerned with the management of interest rates and the total supply of money in circulation and is generally carried out by central banks

 

    • Fiscal policy is the collective term for the taxing and spending actions of governments.

 

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7 294
Q:

In India, planned economy is based on

A) Mixed Economy System B) Capitalist System
C) Gandhian System D) Socialist System
 
Answer & Explanation Answer: D) Socialist System

Explanation:
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10 562
Q:

ANBC full form is?

Answer

ANBC Full Form is Adjusted Net Bank Credit.


ANBC refers to Adjusted Net Bank Credit, is Net Bank Credit added to investments made by banks in non-SLR bonds (in held-to-maturity) or it is the credit equivalent of off-balance - sheet exposures, whichever is higher.


 


Net Bank Credit = Outstanding bank credits in India (-) Bills rediscounted with RBI/approved financial institutions.

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12 538
Q:

What is Rank of India in World business optimism ranking?

A) 4th B) 6th
C) 5th D) 7th
 
Answer & Explanation Answer: D) 7th

Explanation:

India slips to 7th position on the business optimism ranking.

The results of Grant Thornton’s International Business Report (IBR), a quarterly global business survey, reveal that business optimism in India has slipped from 2nd position in the last quarter to 7th position in the 3rd quarter of 2017.

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12 709