12
Q:

Which is the highest form of unemployment in India?

A) seasonal B) structural
C) cyclical D) casual

Answer:   B) structural



Explanation:

Basically India's unemployment is structural in nature. It is associated with the inadequacy of the productive capacity to create enough jobs for all those able and willing in india. Not only is the productive capacity  (largely capital stock) much below the needed quantity, it is also found to be increasing at a slow rate. As against this, additions to labour force are being made at a fast rate on account of rapidly rising population. Thus, the absolute level of unemployed persons is rising every year. 

Subject: Indian Economy
Q:

When the output is equal to zero, the variable cost is ______.

 

A) constant B) zero
C) minimum D) maximum
 
Answer & Explanation Answer: B) zero

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Q:

As per Mankiw's Principles of Economics, the standard of living of a country depends on the country's ______.

 

A) nominal wages B) government policy
C) ability to produce goods and services D) average wages
 
Answer & Explanation Answer: C) ability to produce goods and services

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Q:

All the tangible resources like raw materials and labor used in production process are called

 

A) Opportunity cost B) Variable cost
C) Fixed cost D) Real cost
 
Answer & Explanation Answer: D) Real cost

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0 135
Q:

What happens when the fiscal deficit increases

 

A) prices increase B) no direct impact on prices
C) prices remain constant D) prices decrease
 
Answer & Explanation Answer: B) no direct impact on prices

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2 77
Q:

A substantial increase in capital expenditure or revenue deficit leads to ______.

 

A) Budgetary Deficit B) Fiscal Deficit
C) Primary Deficit D) Revenue Deficit
 
Answer & Explanation Answer: B) Fiscal Deficit

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Q:

What effect will a decrease in demand and an increase in supply have on equilibrium price?

 

A) Sometimes price will rise and sometimes it will fall B) Equilibrium price will fall
C) Equilibrium price will rise D) Equilibrium price will be constant
 
Answer & Explanation Answer: B) Equilibrium price will fall

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Q:

A market place in which a final good or service is bought and sold is called ______.

 

A) Commodity Market B) Factor Market
C) Product Market D) Equity Market
 
Answer & Explanation Answer: C) Product Market

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0 153
Q:

Who among the following publishes the Economic Survey of India?

 

A) National Development Council B) Ministry of Finance
C) Institute of finance D) Indian Statistical Institute
 
Answer & Explanation Answer: B) Ministry of Finance

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