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 Indian Economy Questions

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Q:

For the buying and selling of precious metals such as Goldand Silver, the market established is termed as ________ .

A) Capital Market B) Money Market
C) Bullion Market D) wholesale cash market
 
Answer & Explanation Answer: C) Bullion Market

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Q:

In May 2017, the Base year of All-Indian WPI (Wholesale Price Index) has been revised from 2004-05 to ______.

A) 2010-11 B) 2015-16
C) 2011-12 D) 2016-17
 
Answer & Explanation Answer: C) 2011-12

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Q:

Expenses are recognized when

A) they are paid. B) they contribute to the production of revenue.
C) the invoice is received. D) they are billed by the supplier.
 
Answer & Explanation Answer: B) they contribute to the production of revenue.

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Q:

As it relates to international trade, dumping

A) is the practice of selling goods in a foreign market at less than cost. B) is a form of price discrimination illegal under U.S. antitrust laws.
C) is defined as selling more goods than allowed by an import quota. D) constitutes a general case for permanent tariffs.
 
Answer & Explanation Answer: A) is the practice of selling goods in a foreign market at less than cost.

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Q:

_______________________ is the unemployment which exists in any economy due to people being in the process of moving from one job to another.

A) Seasonal unemployment B) Cyclical unemployment
C) Frictional unemployment D) Structural unemployment
 
Answer & Explanation Answer: C) Frictional unemployment

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Q:

A bank statement provided by the bank includes

A) The beginning and the ending balance of the depositor's account B) A list of outstanding check
C) A list of pretty cash amounts D) A listing of deposits in transit
 
Answer & Explanation Answer: A) The beginning and the ending balance of the depositor's account

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Q:

For the first time in Gujarat, who implemented Jizya tax?

A) Ahmed Shah I B) Mahmud Begda
C) Mujaffarshah I D) Mujaffarshah II
 
Answer & Explanation Answer: A) Ahmed Shah I

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Q:

Which of the following is a risk taken by entrepreneurs in small business?

A) Interference with personal lives B) Psychological stress
C) Social and family pressure D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Some of the risks faced by entrepreneur of small business are:-


1. Funding of capital.
2. Adequate cashflows.
3. Social and family pressures.
4. Interference with personal lives.
5. psychological pressure.
6.Lack of motivation

 

 

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