Indian Economy Questions

Q:

A pure market economy is sometimes called pure

A) Capitalism B) Stocking
C) Sharing D) Socialism
 
Answer & Explanation Answer: A) Capitalism

Explanation:
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Filed Under: Indian Economy
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0 1937
Q:

On January 3, 2018, RBI initiated ‘PCA’ against the Allahabad Bank. How many public sector banks have been covered under ‘PCA’?

 

A) 18 B) 17
C) 11 D) 15
 
Answer & Explanation Answer: C) 11

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Filed Under: Indian Economy
Exam Prep: Bank Exams

3 1919
Q:

The goal of a command economy is to

A) create equality within a society B) mixed-market
C) Both A & B D) None of the above
 
Answer & Explanation Answer: A) create equality within a society

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3 1911
Q:

Net exports are negative when

A) exports are greater than imports B) imports are greater than exports
C) No exports D) None of the above
 
Answer & Explanation Answer: B) imports are greater than exports

Explanation:


When exports are greater than imports, net exports are positive and similarly, when imports are greater than exports, net exports are negative.

 

When a country imports goods, it buys them from foreign producers. The money spent on imports leaves the economy, and that decreases the importing nation's GDP.

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0 1895
Q:

When some goods or productive factors are completely fixed in amount, regardless of price, the supply curve is

A) horizontal B) downward sloping to the right
C) vertical D) upward sloping to the right
 
Answer & Explanation Answer: D) upward sloping to the right

Explanation:

Although demand curves are typically downward sloping to reflect that consumers’ utility for a good diminishes with increased consumption, firm supply curves are generally upward sloping.The upward sloping character reflects that firms will be willing to increase production in response to a higher market price because the higher price may make additional production profitable.

 

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2 1892
Q:

Value added can be determined by

Answer

Value added is determined by the difference between the price of product or service and the cost of producing it.


 


Added Value = Price that the product or service is sold at - cost of producing the product.

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Subject: Indian Economy Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

1 1884
Q:

Mutual Funds are regulated in India by

A) SEBI B) RBI
C) RBI & SEBI both D) Stock Exchanges
 
Answer & Explanation Answer: A) SEBI

Explanation:

Mutual Funds are regulated in India by SEBI (Securities and Exchange Board of India). It was founded in 1992. In 1996, SEBI formulated the Mutual Fund Regulation.

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1 1877
Q:

The study of economics is primarily concerned with

A) choices that are made in seeking to use scarce resources efficiently B) keeping private businesses from losing money
C) demonstrating that capitalistic economies are superior to socialistic economies D) None of the above
 
Answer & Explanation Answer: A) choices that are made in seeking to use scarce resources efficiently

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0 1877