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 Indian Economy Questions

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Q:

Match the characteristics with their market structure:

(a) demand will tend to be inelastic
(b) Firm has control over quantity of output but it must take into account reactions of competitors

 

A) (a) Pure Monopoly, (b) Oligopoly B) (a) Pure Monopoly, (b) Monopolistic Competition
C) (a) Pure Competition, (b) Oligopoly D) (a) Monopolistic Competition, (b) Pure Competition
 
Answer & Explanation Answer: A) (a) Pure Monopoly, (b) Oligopoly

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 2783
Q:

What is the total population of India in crores according to 2001 Census

A) 68 B) 84
C) 94 D) 102.70
 
Answer & Explanation Answer: D) 102.70

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1 2780
Q:

As per Census 2001, among the following hill states of India, which one has the highest literacy rate

A) Arunachal Pradesh B) Himachal Pradesh
C) Sikkim D) Uttarakhand
 
Answer & Explanation Answer: B) Himachal Pradesh

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1 2732
Q:

Open market operation is a part of

A) Debit Policy B) Deposit Policy
C) Credit Policy D) None of above
 
Answer & Explanation Answer: C) Credit Policy

Explanation:

Open market operations (OMO) refer to the buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system.

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Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

4 2724
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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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

6 2717
Q:

Gas authority of India Ltd.(GAIL) is likely to bag equity participation in a transational pipeline project from the Caspian Sea to Central Europe. What is the name of this 3,300 km pipeline project?

A) Natural Gas Transmission Company B) SNTGN Transgar SA
C) O M V Aktiengesellschaft D) Nabucco Natural Gas Pipeline Project
 
Answer & Explanation Answer: D) Nabucco Natural Gas Pipeline Project

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6 2712
Q:

Which of the following is NOT one of the core areas identified under the Bharat Nirman Programme

A) Irrigation B) Rural Electrification
C) Rural Housing D) Computer Education in schools
 
Answer & Explanation Answer: D) Computer Education in schools

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1 2712
Q:

Which of the following statements about GDP is correct?

A) Nominal GDP values production at constant prices, whereas real GDP values production at current prices. B) Nominal GDP values production at market prices, whereas real GDP values production at the cost of the resources used in the production process.
C) Nominal GDP consistently underestimates the value of production, whereas real GDP consistently overestimates the value of production. D) Nominal GDP values production at current prices, whereas real GDP values production at constant prices.
 
Answer & Explanation Answer: D) Nominal GDP values production at current prices, whereas real GDP values production at constant prices.

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3 2709