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 Indian Economy Questions

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Q:

In October 2017, RBI fixed the cash loading limit per month to ______ for Prepaid Payment Instruments.

 

A) Rs 10,000 B) Rs 50,000
C) Rs 75,000 D) Rs 1,00,000
 
Answer & Explanation Answer: B) Rs 50,000

Explanation:
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Q:

The annual percentage rate on a credit card determines

 

A) The amount of money you still owe to the credit card company B) Money you withdrawn from the credit card
C) Total transactions done throughout the year D) The amount of interest you are charged on credit card purchases
 
Answer & Explanation Answer: D) The amount of interest you are charged on credit card purchases

Explanation:

The annual percentage rate (APR) on a credit card determines the amount of interest you are charged on credit card purchases.

 

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Q:

The sampling distribution of a statistic is

 

 

A) A normal curve, for which probabilities are obtained by standardizing.  B) A distribution of all possible summary statistics from a single random sample, from the same population.
C) A distribution of all parameters from the population that is to be randomly sampled. D) The mechanism that determines whether the random sampling was effective. 
 
Answer & Explanation Answer: A) A normal curve, for which probabilities are obtained by standardizing. 

Explanation:

The sampling distribution of a statistic is the distribution of the statistic for all possible samples from the same population of a given size.

 

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Q:

Leverage enables currency traders to do which of the following?

 

A) Reduce the risk of losing money   B) Force foreign governments to print more money
C) Make large currency trades using small amounts of money D)  Buy currencies before they are available to the public
 
Answer & Explanation Answer: C) Make large currency trades using small amounts of money

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Q:

An increase in productivity will

 

A) Increase aggregate supply B) Increase in price level
C) Increase in demand D) All the above
 
Answer & Explanation Answer: A) Increase aggregate supply

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Q:

Capital budgeting decisions are generally based on:

 

A) Tentative predictions of future outcomes. B) Perfect predictions of future outcomes.
C) Speculation of interest rates and economic performance only. D) Results from past outcomes only.
 
Answer & Explanation Answer: A) Tentative predictions of future outcomes.

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Q:

During which decade did the population of India record a negative growth rate 

A) 1911 - 21 B) 1921 - 31
C) 1931 - 41 D) 1941 -51
 
Answer & Explanation Answer: A) 1911 - 21

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Q:

“Functional Finance” is associated with: __________

 

 

 

A) Adams B) Adam Smith
C) Adolph Wogner D) Abba P Lerne
 
Answer & Explanation Answer: D) Abba P Lerne

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